Medical Office Condos
9692-9696 Marlboro Pike Upper Marlboro, MD 20772
9692-9696 Marlboro Pike, Upper Marlboro, MD, 20772
$1,119,000
For Sale
$1,119,000
Portfolio of three fully leased medical office condos for sale.
Property Size3,300 SF
Price / SF$339.09
Days on Market242
Property Features for 9692-9696 Marlboro Pike
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Office
Building Details
- Year Built
- 1998
Listing agency
NAI Michael
(301) 597-9504
Listed by
Marcus N. Daniels · License #660771
(301) 597-9504
Source
Naiglobal
Added: Nov 21, 2025 Updated: Jul 6 at 8:59AM Checked: Jul 21 at 8:19AM
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 NAI Michael
Investment Insights
Based on property information with market context.
This portfolio features three medical office condos totaling 3,300 square feet. Constructed in 1998, the condos are zoned C-G-O (Commercial, General, and Office) and are situated in the growing economic corridor of Pennsylvania Avenue and Westphalia. The location provides convenient access to I-95/495 and Pennsylvania Avenue (Route 4). The property is near shopping, dining, and the Largo Town Center Metro. The condos are fully leased, presenting an opportunity for investors or users seeking to own a medical building.
Key Highlights
- Portfolio of 3 Medical Office Condos
- 100% Leased
- Convenient location near I‑95/495 and Pennsylvania Avenue (Route 4)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.2k | $24.60 |
| − Vacancy | −$14.0k | −$4.23 |
| EGI | $67.2k | $20.37 |
| − OpEx | −$16.8k | −$5.09 |
| NOI | $50.4k | $15.28 |
3,300 SF · lease $24.60/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$720.2K
$630.2K – $840.2K
NOI $50,413 @ 7.0% cap · market cap 4.51%
Second Best
Healthcare Medical
$566.4K
$495.6K – $660.8K
NOI $39,648 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$1.06M
$931.5K – $1.24M
NOI $74,520 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Portfolio of three fully leased medical office condos for sale.
Where is this medical office space located?
The property is located at 9692-9696 Marlboro Pike Upper Marlboro, MD.
What is the asking price?
The asking price for this property is $1,119,000.
What are key features of this property?
This property features: Portfolio of 3 Medical Office Condos; 100% Leased; Convenient location near I‑95/495 and Pennsylvania Avenue (Route 4)
