Ground-Level Medical Office
For Sale
$450,000
11303 AMHERST Avenue, Silver Spring, MD 20902
Commercial Sale - SILVER SPRING, MD
Property Size1,500 SF
Price / SF$300
Days on Market768
Property Features for 11303 AMHERST Avenue
General Information
Property type
Other
Property subtype
Office
Parking
3
Parking features
On Street, Parking Lot, Garage
Subdivision
WHEATON
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
4746
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1985
Number of units
4
Building materials
Brick, Stick Built
Listing Agency:
Silver Spring Real Estate
(301) 200-2020
Listed By:
Piero P Marinucci · License #596047
(301) 807-3501
Added: Jun 25, 2024
Changed: Jul 13
Last Checked: Aug 1 at 1:06PM
MLS# MDMC2129744
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ground-level medical office suite is handicap accessible and features level entry from the parking lot to the unit’s front door. The current layout includes a reception area, multiple exam rooms and offices, two half baths, and a kitchenette. A separate 400-square-foot storage room is included and is located directly under the unit. Listing photos are from 2010, prior to the current tenant’s occupancy, and alterations have been made to the layout.
Convenient parking is available in the lot with three assigned spaces, on the street, and in a Metro garage across the street. The property is noted as being two blocks from Wheaton Metro.
The unit is currently occupied by a doctor’s office and is leased on a month-to-month basis. A condo fee is noted as $200 per month.
Convenient parking is available in the lot with three assigned spaces, on the street, and in a Metro garage across the street. The property is noted as being two blocks from Wheaton Metro.
The unit is currently occupied by a doctor’s office and is leased on a month-to-month basis. A condo fee is noted as $200 per month.
Key Highlights
- Nearly 1,500 SF ground‑level office space built in 1985
- Currently set up as a doctor’s office with reception, exam rooms, offices, kitchenette, and 2 half baths
- Level entry from the parking lot to the front door; ground floor and handicap accessible
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.4k | $32.28 |
| − Vacancy | −$9.1k | −$6.07 |
| EGI | $39.3k | $26.21 |
| − OpEx | −$15.7k | −$10.48 |
| NOI | $23.6k | $15.73 |
1,500 SF · lease $32.28/SF/yr · vacancy 18.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$337.0K
$294.9K – $393.2K
NOI $23,590 @ 7.0% cap · market cap 5.24%
Second Best
Office B
$261.9K
$229.2K – $305.5K
NOI $18,332 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$527.7K
$461.7K – $615.6K
NOI $36,937 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20902, MD
52,533
Population
18,759
Households
2.8
Avg Household Size
36
Median Age
47%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
6,912
Density / Sq Mi
$111,408
Median Household Income
$49,887
Median Earnings
$2,088
Median Rent
$531,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-level, handicap-accessible medical office with exam rooms, offices, two half baths, and a kitchenette.
Where is this medical office space located?
The property is located at 11303 AMHERST Avenue Silver Spring, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Nearly 1,500 SF ground‑level office space built in 1985; Currently set up as a doctor’s office with reception, exam rooms, offices, kitchenette, and 2 half baths; Level entry from the parking lot to the front door; ground floor and handicap accessible
