Two-Level Professional Office
For Sale
$680,000
101 CHESTNUT ST #2 2, Gaithersburg, MD 20877
Flexible office condominium with private rooms, reception space, dual kitchen areas, and surface parking for staff and visitors.
Property Size2,600 SF
Price / SF$261.54
Days on Market100
Property Features for 101 CHESTNUT ST #2 2
General Information
Standard status
Active
Size
2,600 SF
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Listing Agency:
Fairfax Realty Premier
(301) 439-9500
Listed By:
Charles Coello · License #681917
(240) 478-8739
Source:
Towncentermd
Added: Jul 10
Changed: Oct 8
Last Checked: Oct 16 at 9:00AM
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 Fairfax Realty Premier
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office condominium provides more than 2,600 square feet of professional workspace in a well-maintained commercial townhouse configuration. The interior includes nine enclosed rooms with windows, a classroom, a dedicated reception area, wood flooring, and two kitchen areas positioned on separate levels. Each floor also has a ceramic-tile bathroom. The property is currently occupied by an operating counseling and therapeutic practice, while the existing layout can support other professional-service configurations.
Located at 101 Chestnut St #2 in Gaithersburg, the unit is near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza. Access to Route 355 and I-270 is available from the property. Surface parking serves the building’s staff and visitors, and the site is within a federally designated Opportunity Zone.
Located at 101 Chestnut St #2 in Gaithersburg, the unit is near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza. Access to Route 355 and I-270 is available from the property. Surface parking serves the building’s staff and visitors, and the site is within a federally designated Opportunity Zone.
Key Highlights
- 2,600+ square feet of office space across two levels
- Nine enclosed windowed rooms, including one classroom
- Dedicated reception area with wood floors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,890
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,800
$817.8K
Cap Rate 7%
$584,143
$584.1K
Cap Rate 9%
$454,333
$454.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$83.9K $32.28/SF
− Vacancy
−$15.8K −$6.07/SF
EGI
$68.1K $26.21/SF
− OpEx
−$27.3K −$10.48/SF
NOI
$40.9K $15.73/SF
Area
Montgomery County, MD
Vacancy
18.80%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,800
Cap Rate 7%
$584,143
Cap Rate 9%
$454,333
Alternative Uses
Best Use
Healthcare Medical
$584.1K
$511.1K – $681.5K
NOI $40,890 @ 7.0% cap · market cap 6.01%
Second Best
Office B
$453.9K
$397.2K – $529.6K
NOI $31,775 @ 7.0% cap · market cap 4.67%
Theoretical Best
Specialty Retail
$914.6K
$800.3K – $1.07M
NOI $64,023 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Flexible office condominium with private rooms, reception space, dual kitchen areas, and surface parking for staff and visitors.
Where is this office units located?
The property is located at 101 CHESTNUT ST #2 2 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 2,600+ square feet of office space across two levels; Nine enclosed windowed rooms, including one classroom; Dedicated reception area with wood floors throughout
