Two-Level Medical Office
For Sale
$680,000
101 CHESTNUT Street, Gaithersburg, MD 20877
Commercial Sale, GAITHERSBURG, MD
Property Size2,600 SF
Price / SF$261.54
Days on Market221
Property Features for 101 CHESTNUT Street
General Information
Property type
Other
Property subtype
Office
Parking
37
Parking features
Parking Lot
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
7399
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1980
Number of units
1
Building materials
Vinyl Siding
Listing Agency:
Fairfax Realty Premier
(301) 439-9500
Listed By:
Charles Coello · License #681917
(240) 478-8739
Added: Mar 15
Changed: Oct 20
Last Checked: Oct 21 at 9:06PM
MLS# MDMC2222104
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.
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Investment Insights
Based on property information with market context.
This medical office condominium spans two floors and contains more than 2,600 square feet. Its nine enclosed rooms have windows, and the layout also includes a classroom and reception area. Wood flooring runs throughout. Each level has a kitchen and a bathroom with ceramic tile. The space is currently used by a counseling and therapy practice, and central heating and central air serve the property. The building dates to 1980.
The property is in a federally designated Opportunity Zone, near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza. Route 355 and I-270 provide access to the area. A surface parking lot serves the condominium.
The property is in a federally designated Opportunity Zone, near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza. Route 355 and I-270 provide access to the area. A surface parking lot serves the condominium.
Key Highlights
- More than 2,600 square feet of office space across two levels
- Nine enclosed rooms with windows, plus a classroom and reception area
- A kitchen and a ceramic‑tile bathroom are located on each floor
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.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
Well-served
Demand for This Use
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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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Nine enclosed rooms, a classroom, and reception area create a flexible professional office layout.
Where is this medical office space located?
The property is located at 101 CHESTNUT Street 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: More than 2,600 square feet of office space across two levels; Nine enclosed rooms with windows, plus a classroom and reception area; A kitchen and a ceramic‑tile bathroom are located on each floor
