Leased Medical Office
New
For Sale
$450,000
11701 Livingston Rd Unit 202, Fort Washington, MD 20744
Occupied medical office suite with an established dermatology tenant and direct connection to Adventist HealthCare Fort Washington Medical Center.
Property Size1,196 SF
Price / SF$376.25
Days on Market2
Property Features for 11701 Livingston Rd Unit 202
General Information
Standard status
Active
Size
1,196 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
8.53%
Building Details
Year Built
1984
Listing Agency:
The Genau Group, LLC.
(202) 735-5382
Listed By:
Fletcher David Gill · License #0225188558
Source:
Kandorre
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 5:26AM
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 The Genau Group, LLC.
Investment Insights
Based on property information with market context.
This medical office suite is occupied by Advanced Dermatology, which has operated at the property since 2019. The offering carries an 8.53% cap rate and is situated within a medical office building serving the surrounding healthcare environment. The property was built in 1984.
The suite is directly connected to Adventist HealthCare Fort Washington Medical Center, an institutional healthcare presence in the area. Its address along Livingston Rd provides access to MD-210, National Harbor, and the Capital Beltway, while the medical campus setting places the property near hospital services and physician offices.
The suite is directly connected to Adventist HealthCare Fort Washington Medical Center, an institutional healthcare presence in the area. Its address along Livingston Rd provides access to MD-210, National Harbor, and the Capital Beltway, while the medical campus setting places the property near hospital services and physician offices.
Key Highlights
- 8.53% cap rate
- Occupied by Advanced Dermatology since 2019
- Direct connection to Adventist HealthCare Fort Washington Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,271
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$365,420
$365.4K
Cap Rate 7%
$261,014
$261.0K
Cap Rate 9%
$203,011
$203.0K
Market Conditions
NOI Build-Up for 1,196 SF
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.
Gross rent
$29.4K $24.60/SF
− Vacancy
−$5.1K −$4.23/SF
EGI
$24.4K $20.37/SF
− OpEx
−$6.1K −$5.09/SF
NOI
$18.3K $15.28/SF
Area
Prince George's County, MD
Vacancy
17.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$365,420
Cap Rate 7%
$261,014
Cap Rate 9%
$203,011
Alternative Uses
Best Use
Office B
$261.0K
$228.4K – $304.5K
NOI $18,271 @ 7.0% cap · market cap 4.06%
Second Best
Healthcare Medical
$205.3K
$179.6K – $239.5K
NOI $14,370 @ 7.0% cap · market cap 3.19%
Theoretical Best
Specialty Retail
$385.8K
$337.6K – $450.1K
NOI $27,008 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20744, MD
52,747
Population
21,014
Households
2.5
Avg Household Size
44
Median Age
36%
College-Educated
90%
High-School Grad
26.1 sq mi
ZIP Area
2,021
Density / Sq Mi
$124,838
Median Household Income
$57,168
Median Earnings
$1,751
Median Rent
$418,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lewis-Chesley, Camille DVM — 10909 Indian Head Hwy, Fort Washington, MD 20744
- Andy Gofreed, DVM — 10909 Indian Head Hwy, Fort Washington, MD 20744
Frequently Asked Questions
What type of property is this?
Medical Office Space - Occupied medical office suite with an established dermatology tenant and direct connection to Adventist HealthCare Fort Washington Medical Center.
Where is this medical office space located?
The property is located at 11701 Livingston Rd Unit 202 Fort Washington, 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: 8.53% cap rate; Occupied by Advanced Dermatology since 2019; Direct connection to Adventist HealthCare Fort Washington Medical Center
