For Sale
$975,000

11 Maple AveLa Plata, MD 20646

Value-add medical office, 6,138 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This 6,138 square foot medical office building in La Plata, Maryland, presents a compelling value-add investment opportunity. Located at 11 N Maple Ave, 20646, this single-story, 1950-built property sits on a 39,369 square foot lot and is zoned CB. Recently renovated in 2024, the building currently boasts five tenants with a 60% occupancy rate, generating a Net Operating Income (NOI) of $66,100 and a 6.78% capitalization rate. The asking price is $975,000, translating to $158.85 per square foot. The current leases are Net Net + (NN+), and there are no credit ratings available for the tenants. The property offers significant upside potential due to below-market rents and short-term leases. Occupancy is projected to reach full capacity by November 1, 2024. This centrally located property in the thriving town of La Plata provides exceptional accessibility and convenience, making it ideal for a variety of businesses, including retail, office, or light warehouse uses. The property's parcel number is District 01 - Account # 001221. Further details, including the rent roll, are available upon request.

Highlights

  • $975,000 asking price for a 6,138 SF medical office building in La Plata, MD.
  • Value-add investment opportunity with a 6.78% cap rate and $66,100 NOI.
  • Located at 11 N Maple Ave, La Plata, MD 20646, on a 39,369 SF lot.
  • Multi-tenant property (5 tenants) with 60% occupancy, increasing to 100% by 11/01/2024.
  • NN+ leases; No tenant credit rating available.
  • Single-story building (1950 construction, renovated 2024) with CB zoning.

Property Details for 11 Maple Ave

Property type
Retail properties, Office properties
Square Feet
6,138 SF
Year Built/Renovated
1950/2024
Buildings
1
Stories
1

Location Insight

City
La Plata
County
Charles
State
Maryland
Latitude
38.530292489957
Longitude
-76.975827799426
11 Maple Ave, La Plata, Maryland

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
11 Maple Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message