Two-Level Office Condo with
New
For Sale
$680,000
101 CHESTNUT STREET 2, Gaithersburg, MD 20877
Two-level professional office condo with nine enclosed windowed rooms, reception, classroom, and surface parking in an Opportunity Zone.
Property Size2,678 SF
Price / SF$253.92
Days on Market2
Property Features for 101 CHESTNUT STREET 2
General Information
Standard status
Active
Size
2,678 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Office Units
1
Building Details
Building Size
2,678 SF
Year Built
1980
Stories
2
Tenancy
Single
Listing Agency:
Fairfax Realty Premier
(240) 478-8739
Listed By:
Charles Coello · License #681917
(240) 478-8739
Source:
Kerishull
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 1:32PM
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
Investment Insights
Based on property information with market context.
This well-maintained, two-level commercial townhouse condo provides 2,678 square feet of professional office space designed to support a multi-practitioner workflow. The interior includes nine enclosed windowed rooms, including a classroom and a dedicated reception area. Wood floors run throughout, with two kitchen areas (one on each floor) and bathrooms on each level with ceramic tile finishes.
The property is currently home to an active counseling and therapeutic practice, and the layout is described as adaptable for a broad range of professional services with ready occupancy. An ample surface parking area serves staff and clients. Conveniently located near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza, the condo offers straightforward access to Route 355 and I-270.
Built in 1980 and situated within a federally designated Opportunity Zone, the property can be considered by both owner-occupants and investors seeking a tax-advantaged holding structure.
The property is currently home to an active counseling and therapeutic practice, and the layout is described as adaptable for a broad range of professional services with ready occupancy. An ample surface parking area serves staff and clients. Conveniently located near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza, the condo offers straightforward access to Route 355 and I-270.
Built in 1980 and situated within a federally designated Opportunity Zone, the property can be considered by both owner-occupants and investors seeking a tax-advantaged holding structure.
Key Highlights
- 2,678 square feet two‑level office condo
- Nine enclosed windowed rooms plus dedicated reception and classroom
- Two kitchen areas, one on each floor
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 | $86.4k | $32.28 |
| − Vacancy | −$16.3k | −$6.07 |
| EGI | $70.2k | $26.21 |
| − OpEx | −$28.1k | −$10.48 |
| NOI | $42.1k | $15.73 |
2,678 SF · lease $32.28/SF/yr · vacancy 18.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$601.7K
$526.5K – $701.9K
NOI $42,116 @ 7.0% cap · market cap 6.19%
Second Best
Office B
$467.6K
$409.1K – $545.5K
NOI $32,729 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$942.1K
$824.3K – $1.10M
NOI $65,944 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,689
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-level professional office condo with nine enclosed windowed rooms, reception, classroom, and surface parking in an Opportunity Zone.
Where is this office units located?
The property is located at 101 CHESTNUT STREET 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: 2,678 square feet two‑level office condo; Nine enclosed windowed rooms plus dedicated reception and classroom; Two kitchen areas, one on each floor
