Ground-Level Office
New
For Sale
Contact for pricing
85 HIGH STREET #8, Waldorf, MD 20602
The office layout combines enclosed workrooms with an open area for reception or shared workspace.
Property Size18,060 SF
Price / SF$0.09
Days on Market5
Property Features for 85 HIGH STREET #8
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:
Cummingsrealtors
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 3:39PM
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 ground-level office unit offers approximately 650 square feet, arranged with two private offices and an open work and reception area. The office is part of the Smallwood Office Building, constructed in 1979. An existing tenant exclusivity clause excludes mental health practices from the permitted tenant mix.
Key Highlights
- Approximately 650 SF of office space
- Ground‑level position in the Smallwood Office Building
- Two private offices and an open work/reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$275,895
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,517,900
$5.5M
Cap Rate 7%
$3,941,357
$3.9M
Cap Rate 9%
$3,065,500
$3.1M
Market Conditions
NOI Build-Up for 18,060 SF
Gross rent
$444.3K $24.60/SF
− Vacancy
−$76.4K −$4.23/SF
EGI
$367.9K $20.37/SF
− OpEx
−$92.0K −$5.09/SF
NOI
$275.9K $15.28/SF
Area
Charles County, MD
Vacancy
17.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,517,900
Cap Rate 7%
$3,941,357
Cap Rate 9%
$3,065,500
Alternative Uses
Best Use
Office B
$3.94M
$3.45M – $4.60M
NOI $275,895 @ 7.0% cap · market cap 17,243.44%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$253.59M
$221.89M – $295.86M
NOI $17,751,348 @ 7.0% cap · market cap 1,109,459.25%
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
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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
Frequently Asked Questions
What type of property is this?
Office unit - The office layout combines enclosed workrooms with an open area for reception or shared workspace.
Where is this office unit located?
The property is located at 85 HIGH STREET #8 Waldorf, MD.
What are key features of this property?
This property features: Approximately 650 SF of office space; Ground‑level position in the Smallwood Office Building; Two private offices and an open work/reception area
