Ground-Level Medical Office
For Sale
Contact for pricing
85 HIGH STREET #7, Waldorf, MD 20602
The layout combines private patient rooms with reception, a kitchenette, and an in-suite restroom.
Property Size18,060 SF
Price / SF$0.14
Days on Market20
Property Features for 85 HIGH STREET #7
General Information
Standard status
Active
Size
18,060 SF
Property subtype
Commercial
Additional Details
Floor
Ground Level
Property Use
Office
Building Details
Year Built
1979
Listing Agency:
Hooper & Associates
Listed By:
Anne M Hooper · License #628757
(301) 870-5841
Source:
Ginaspaziano
Added: Oct 10
Changed: Oct 28
Last Checked: Oct 28 at 2:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hooper & Associates
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Investment Insights
Based on property information with market context.
This approximately 1,100-square-foot medical office suite occupies the ground level of the Smallwood Office Building. Its floor plan includes four private patient rooms or offices, a reception area, a breakroom with kitchenette, and a private restroom. The building was constructed in 1979.
The property is at 85 High Street, Suite 7, in Waldorf, Maryland, off St. Charles Parkway. The landlord covers water and sewer, trash, and common-area maintenance. The tenant is responsible for cable, internet, phone, in-suite janitorial service, real estate taxes, and obtaining the Charles County use and occupancy permit.
The property is at 85 High Street, Suite 7, in Waldorf, Maryland, off St. Charles Parkway. The landlord covers water and sewer, trash, and common-area maintenance. The tenant is responsible for cable, internet, phone, in-suite janitorial service, real estate taxes, and obtaining the Charles County use and occupancy permit.
Key Highlights
- Approximately 1,100 SF of ground‑level medical office space
- Four private patient rooms or offices
- Reception area, breakroom with kitchenette, and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,212
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,984,240
$3.0M
Cap Rate 7%
$2,131,600
$2.1M
Cap Rate 9%
$1,657,911
$1.7M
Market Conditions
NOI Build-Up for 18,060 SF
Gross rent
$270.9K $15.00/SF
− Vacancy
−$22.2K −$1.23/SF
EGI
$248.7K $13.77/SF
− OpEx
−$99.5K −$5.51/SF
NOI
$149.2K $8.26/SF
Area
Charles County, MD
Vacancy
8.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,984,240
Cap Rate 7%
$2,131,600
Cap Rate 9%
$1,657,911
Alternative Uses
Best Use
Office B
$3.94M
$3.45M – $4.60M
NOI $275,895 @ 7.0% cap · market cap 10,611.35%
Second Best
Healthcare Medical
$2.13M
$1.87M – $2.49M
NOI $149,212 @ 7.0% cap · market cap 5,738.92%
Theoretical Best
Multifamily LT 5
$253.59M
$221.89M – $295.86M
NOI $17,751,348 @ 7.0% cap · market cap 682,744.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 20602, MD
28,736
Population
10,899
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
95%
High-School Grad
14.5 sq mi
ZIP Area
1,982
Density / Sq Mi
$108,733
Median Household Income
$56,893
Median Earnings
$1,803
Median Rent
$360,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- High St Discount Pharmacy — 30 Smallwood Village Center, Waldorf, MD 20602
- St. Charles Animal Hospital — 11685 Doolittle Dr, Waldorf, MD 20602
Frequently Asked Questions
What type of property is this?
Medical Office Space - The layout combines private patient rooms with reception, a kitchenette, and an in-suite restroom.
Where is this medical office space located?
The property is located at 85 HIGH STREET #7 Waldorf, MD.
What are key features of this property?
This property features: Approximately 1,100 SF of ground‑level medical office space; Four private patient rooms or offices; Reception area, breakroom with kitchenette, and private restroom
