Ground-Floor Medical Office
For Sale
$450,000
11303 AMHERST Avenue, Silver Spring, MD 20902
Commercial Sale, SILVER SPRING, MD
Property Size1,500 SF
Price / SF$300
Days on Market860
Property Features for 11303 AMHERST Avenue
General Information
Property type
Other
Property subtype
Office
Parking
3
Parking features
On Street, Parking Lot, Garage
Subdivision
WHEATON
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Active
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Taxes and HOA fees
Tax Annual Amount
4746
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1985
Number of units
4
Building materials
Brick, Stick Built
Listing Agency:
Silver Spring Real Estate
Listed By:
Piero P Marinucci · License #596047
(301) 200-2020
Added: Jun 25, 2024
Changed: Oct 29
Last Checked: Nov 1 at 9:06PM
MLS# MDMC2129744
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.
Ground-level medical office space offers nearly 1,500 square feet with a reception area, exam rooms, offices, two half baths, and a kitchenette. The unit has a level entry from the parking lot, and a separate 400-square-foot storage room beneath the suite is included. Built in 1985, the building has brick construction, forced-air heating, and central air conditioning. The property is currently occupied by a doctor's office, with a month-to-month lease in place.
The suite is two blocks from Wheaton Metro. Parking options include three assigned spaces in the lot, on-street parking, and a Metro garage across the street. Dining options are also described as a few feet away.
The suite is two blocks from Wheaton Metro. Parking options include three assigned spaces in the lot, on-street parking, and a Metro garage across the street. Dining options are also described as a few feet away.
Key Highlights
- Nearly 1,500 square feet of ground‑floor medical office space
- Current layout includes reception, exam rooms, offices, two half baths, and a kitchenette
- Separate 400‑square‑foot storage room directly below the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,590
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,800
$471.8K
Cap Rate 7%
$337,000
$337.0K
Cap Rate 9%
$262,111
$262.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$48.4K $32.28/SF
− Vacancy
−$9.1K −$6.07/SF
EGI
$39.3K $26.21/SF
− OpEx
−$15.7K −$10.48/SF
NOI
$23.6K $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%
$471,800
Cap Rate 7%
$337,000
Cap Rate 9%
$262,111
Alternative Uses
Best Use
Healthcare Medical
$337.0K
$294.9K – $393.2K
NOI $23,590 @ 7.0% cap · market cap 5.24%
Second Best
Office B
$261.9K
$229.2K – $305.5K
NOI $18,332 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$527.7K
$461.7K – $615.6K
NOI $36,937 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 20902, MD
52,533
Population
18,759
Households
2.8
Avg Household Size
36
Median Age
47%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
6,912
Density / Sq Mi
$111,408
Median Household Income
$49,887
Median Earnings
$2,088
Median Rent
$531,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
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- Wheaton Animal Hospital: Bennett Kristy A DVM — 2929 University Blvd W, Kensington, MD 20895
- Dr.Jennifer Sussman — 2929 University Blvd W, Kensington, MD 20895
Frequently Asked Questions
What type of property is this?
Medical Office Space - A doctor's office layout includes reception, exam rooms, private offices, two half baths, and a kitchenette.
Where is this medical office space located?
The property is located at 11303 AMHERST Avenue Silver Spring, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Nearly 1,500 square feet of ground‑floor medical office space; Current layout includes reception, exam rooms, offices, two half baths, and a kitchenette; Separate 400‑square‑foot storage room directly below the unit
