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    Damascus Office Condo For Lease Title is generated by Realmo AI

    26227 RIDGE Road, Damascus, MD 20872

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    For Lease
    $1,250 /Mo

    CommercialLease - DAMASCUS, MD

    Type:Office
    Lot size:
    0.06 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    92
    Last Refresh:
    May 22 at 7:06 am

    Property Features for 26227 RIDGE Road

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Number of units
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Robert J Lucido

    Listing agent Robert J Lucido License #4037

    Listing office Keller Williams Lucido Agency 9251 Baltimore National Pike unit: D, Ellicott City, MD

    Listing date Feb 19, 2026

    MLS# MDMC2216832

    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.

    HighLights

    • Highly accessible location with excellent visibility off a main road and convenient access to Routes 108 and 27.
    • Versatile, large open layout suitable for various applications, previously used for medical purposes.
    • Ample parking available in a large shared parking lot for clients and staff.
    • Bright interior with abundant natural light, creating a welcoming reception or lobby area.
    • Located in the well‑positioned Damascus Square, surrounded by a strong mix of established businesses.
    • Functional layout includes a convenient half bathroom.

    Overview

    This commercial condominium, located in Damascus Square, is available for lease. Situated on the upper level of an established office building, the space was previously used for medical purposes. The layout features a functional, large open area suitable for a variety of applications. The interior is bright and carpeted, with natural light and chair rail detailing, creating a welcoming reception or lobby area. The space includes a generously sized open office area, providing flexibility. A half bathroom adds to the practicality of the layout. Positioned just off a main road, the property benefits from visibility and accessibility. A large shared parking lot provides ample parking. The surrounding area features established businesses that contribute to steady foot and vehicle traffic. Convenient access to Routes 108 and 27 enhances connectivity for commuters and clientele. The lot size is 0.0585 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sebring Boone Mortgage Loan Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Damascus
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.20683
    Latitude
    39.28722

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    FAQs

    What type of property is this?
    Office units - Versatile commercial condo in Damascus Square, ideal for various businesses.
    Where is this office units located?
    The property is located at 26227 RIDGE Road Damascus, MD.
    What is the lease rate?
    The lease rate is $1,250 /Mo.
    What are key features of this property?
    This property features: Highly accessible location with excellent visibility off a main road and convenient access to Routes 108 and 27.; Versatile, large open layout suitable for various applications, previously used for medical purposes.; Ample parking available in a large shared parking lot for clients and staff.
    (410) 465-6900
    We can help!
    Listing Contact
    Robert J Lucido
    Real Estate License ID: 4037
    Learn More
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    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
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    26227 RIDGE Road, DAMASCUS, MD 20872
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