Leased Medical Office
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 Market48
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.
Listed By:
Fletcher David Gill · License #0225188558
(202) 735-5382
Source:
Gklegacygroup
Added: Aug 19
Changed: Sep 24
Last Checked: Oct 4 at 12:42PM
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 / Yr
$18,271
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Andy Gofreed, DVM — 10909 Indian Head Hwy, Fort Washington, MD 20744
- Lewis-Chesley, Camille 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
