Renovated Office
New
For Sale
$845,000
10 BROOKES AVENUE, Gaithersburg, MD 20877
Multiple work areas, restrooms, rear parking, and accessible entry points support a range of office configurations.
Property Size3,470 SF
Days on Market5
Property Features for 10 BROOKES AVENUE
General Information
Standard status
Active
Size
3,470 SF
Total Parking Spaces
10
Property subtype
Office
Zoning
RB
Additional Details
Condition
Newly Renovated
Property Use
Office
Taxes and HOA fees
Annual Taxes
$9,518
Amenities
front porch
rear porch
Building Details
Building Size
3,470 SF
Year Built
1930
Year Renovated
2026
Stories
3
Listing Agency:
Rory S. Coakley Realty, Inc.
Listed By:
Kathleen C Meyer · License #507110
(240) 422-0765
Source:
Thehulsmangroup
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:31PM
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 Rory S. Coakley Realty, Inc.
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Investment Insights
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Renovated throughout in 2026, this office building has updated roofing, windows, and doors. The main floor combines open workspace with a private office or conference area, a kitchen, and a half bathroom. Four offices and another half bathroom occupy the upper floor, while the finished lower level offers open space and a restroom with a shower.
The property has front and rear porches, entry from both the front and rear, and a ramp to a side entrance. A detached two-car garage and 8 rear parking spaces are also included. The building is zoned RB and was built in 1930.
The property has front and rear porches, entry from both the front and rear, and a ramp to a side entrance. A detached two-car garage and 8 rear parking spaces are also included. The building is zoned RB and was built in 1930.
Key Highlights
- Interior renovation completed in 2026; new roof, windows, and doors
- Main level includes open work area, private office or conference space, kitchen, and half bathroom
- Upper level has four offices and a half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,408
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,160
$848.2K
Cap Rate 7%
$605,829
$605.8K
Cap Rate 9%
$471,200
$471.2K
Market Conditions
NOI Build-Up for 3,470 SF
Gross rent
$68.3K $19.68/SF
− Vacancy
−$11.7K −$3.38/SF
EGI
$56.5K $16.30/SF
− OpEx
−$14.1K −$4.07/SF
NOI
$42.4K $12.22/SF
Area
Montgomery County, MD
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,160
Cap Rate 7%
$605,829
Cap Rate 9%
$471,200
Alternative Uses
Best Use
Office B
$605.8K
$530.1K – $706.8K
NOI $42,408 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,447 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
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Business Placement
Demographics for 20877, MD
37,577
Population
13,599
Households
2.8
Avg Household Size
36
Median Age
35%
College-Educated
76%
High-School Grad
5.6 sq mi
ZIP Area
6,710
Density / Sq Mi
$86,103
Median Household Income
$39,341
Median Earnings
$1,862
Median Rent
$462,500
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 building - Multiple work areas, restrooms, rear parking, and accessible entry points support a range of office configurations.
Where is this office building located?
The property is located at 10 BROOKES AVENUE Gaithersburg, MD.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Interior renovation completed in 2026; new roof, windows, and doors; Main level includes open work area, private office or conference space, kitchen, and half bathroom; Upper level has four offices and a half bathroom
