Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    105 Centennial St, Unit 311 La Plata, MD 20646-6943

    • Office Properties & Spaces
    • 1,722 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Jul 02, 2021
    $337,500
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    7.9%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US40-2223346
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 105 Centennial St

    Year built
    2007
    Lot size
    0.04 lot acres
    Property size
    1,722 SF
    Zone code
    CB
    Property type
    Office Properties & Spaces
    APN
    01-083872
    APU
    1083872

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $355,000
      ML approach
      $390,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $470,000
      6.5%
      $430,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $481,000
      Market price range: $320k - $705k
      AI Estimate
      $367,000
      Market price range: $304k - $461k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Plata
    County
    Charles
    State
    Maryland
    Longitude
    -76.9795
    Latitude
    38.5274
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,816
    $79,600
    $238,900
    $318,500
    -
    $79,600
    $238,900
    $318,500

    Comparable in this City

    • Value Estimation
      $275,000
      710 SF

      2 La Plata Ct, Unit 300

      CONDOMINIUM OFFICES • 710 SF
      2 La Plata Ct, La Plata, MD 20646-4283
      View Details
    • Value Estimation
      $285,000
      1,261 SF

      103 Centennial St, Unit 208G

      CONDOMINIUM OFFICES • 1,261 SF
      103 Centennial St, La Plata, MD 20646-5984
      View Details
    • Value Estimation
      $275,000
      950 SF

      204 Washington Ave Ste, Unit 102

      CONDOMINIUM OFFICES • 950 SF
      204 Washington Ave Ste, La Plata, MD 20646-9465
      View Details
    • Value Estimation by Request
      4,739 SF

      10 La Plata Ct, Unit 200

      CONDOMINIUM OFFICES • 4,739 SF
      10 La Plata Ct, La Plata, MD 20646-4283
      View Details
    • Value Estimation by Request
      2,630 SF

      8200 Crain Hwy

      Individual retail properties • 2,630 SF
      8200 Crain Hwy, La Plata, MD 20646
      View Details
    • Value Estimation
      $305,000
      1,611 SF

      200 Howard St, Unit 102

      CONDOMINIUM OFFICES • 1,611 SF
      200 Howard St, La Plata, MD 20646
      View Details

    Similar Nearby for Sale

    • $699,000
      3,087 SF

      La Plata Office Condo For Sale

      3,087 SF office condo in La Plata, Maryland.
      105 Centennial St, La Plata, MD 20646
      View Details
    • New
      $285,000
      1,313 SF

      Medical Investment Opportunity For Sale

      Medical office space for sale with seller leaseback opportunity.
      203 Centennial St, La Plata, MD 20646
      View Details
    • $865,000

      La Plata Commercial Condo Portfolio

      Two commercial condominium units in La Plata, Maryland for sale.
      200 Howard St, La Plata, MD 20646
      View Details
    • $250,000
      0.23 Acres

      La Plata Land For Sale

      0.23 acre parcel in La Plata, zoned CB.
      107 Howard St, La Plata, MD 20646
      View Details
    • $90,000
      3.00 Acres

      Vacant Land in La Plata

      3-acre vacant lot in Charles County, near local amenities.
      Bumpy Oak Rd, La Plata, MD 20646
      View Details
    • $625,000

      La Plata Specialty Property

      Specialty property for sale in La Plata, Maryland.
      101 Middlesex Ct, La Plata, MD 20646
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      60,244 SF

      La Plata Executive Office Space

      9,200 SF Office Suite Available
      101 Catalpa Dr, La Plata, MD 20646
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent in La Plata, Maryland.
      Crain Hwy, La Plata, MD 20646
      View Details
    • $2,500 /Mo

      La Plata Office Space For Rent

      Office space for legal, medical, or professional services.
      204 Washington Ave, La Plata, MD 20646
      View Details
    • $2,100 /Mo
      22,651 SF

      La Plata Office Suite For Lease

      Office suite in the heart of La Plata, Maryland.
      303 Charles St, La Plata, MD 20646
      View Details
    • $1,607 /Mo
      1,307 SF

      La Plata Office Space Available

      Second-floor office space in Potomac Square shopping center, La Plata.
      9375 Chesapeake St, La Plata, MD 20646
      View Details
    • Contact for pricing
      2,178 SF

      La Plata Office/Retail Space

      Office and retail space with high traffic exposure on Route 301.
      9405 Chesapeake St, La Plata, MD 20646
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    105 Centennial St, Unit 311
    La Plata, MD 20646-6943
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.