Two-Level Office
For Sale
$680,000
101 CHESTNUT STREET Unit 2, Gaithersburg, MD 20877
Nine enclosed rooms, a classroom, and reception area accommodate a multi-practitioner professional practice.
Property Size2,678 SF
Price / SF$253.92
Days on Market224
Property Features for 101 CHESTNUT STREET Unit 2
General Information
Standard status
Active
Size
2,678 SF
Property subtype
Office
Additional Details
Condition
Turnkey
Opportunity Zone
Yes
Highway Access
Yes
Office Units
1
Currently Operating
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$7,399
Building Details
Building Size
2,678 SF
Year Built
1980
Tenancy
Single
Listing Agency:
Fairfax Realty Premier
Listed By:
Charles Coello · License #681917
(240) 478-8739
Source:
Kerishull
Added: Mar 15
Changed: Oct 23
Last Checked: Oct 23 at 4:03PM
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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Investment Insights
Based on property information with market context.
This 2,678-square-foot office condominium spans two levels and contains nine enclosed rooms with windows, a classroom, and a reception area. Wood flooring runs throughout. Each floor has a kitchen area and a bathroom, providing functional amenities on both levels. The existing layout serves professional office uses, including the counseling and therapeutic practice currently operating there.
The property is at 101 Chestnut Street in Gaithersburg, near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza. Route 355 and I-270 provide nearby road access. The property is within a federally designated Opportunity Zone.
The property is at 101 Chestnut Street in Gaithersburg, near the Montgomery County Fairgrounds, NIST, and Gaithersburg Towne Plaza. Route 355 and I-270 provide nearby road access. The property is within a federally designated Opportunity Zone.
Key Highlights
- 2,678‑square‑foot office condominium
- Two‑level layout with nine enclosed, windowed rooms
- Includes a classroom and a dedicated reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,116
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,320
$842.3K
Cap Rate 7%
$601,657
$601.7K
Cap Rate 9%
$467,956
$468.0K
Market Conditions
NOI Build-Up for 2,678 SF
Gross rent
$86.4K $32.28/SF
− Vacancy
−$16.3K −$6.07/SF
EGI
$70.2K $26.21/SF
− OpEx
−$28.1K −$10.48/SF
NOI
$42.1K $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%
$842,320
Cap Rate 7%
$601,657
Cap Rate 9%
$467,956
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.
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Nine enclosed rooms, a classroom, and reception area accommodate a multi-practitioner professional practice.
Where is this office unit located?
The property is located at 101 CHESTNUT STREET Unit 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‑foot office condominium; Two‑level layout with nine enclosed, windowed rooms; Includes a classroom and a dedicated reception area
