Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    973-975 Russell Ave Gaithersburg, MD 20879

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1,267 SF office suite with private entrance for sale.

    Property size:
    1,267 SF
    Lot size:
    4.05 Acres

    Property Features for 973-975 Russell Ave

    General Information

    Size
    1,267 SF
    Lot size
    4.05 Acres

    We can help!

    Listing Contact
    Jay Clogg
    Jay Clogg
    Source: Moodyscre

    Listing Agency: Jay Clogg Realty Group, Inc. Listing Agent: Jay Clogg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Second Floor Office Suite

    This is a 1,267 square feet office suite available for sale. The second-floor suite is accessed by a private stairwell, ensuring no shared entrance. The layout includes a reception area, a conference room, two private offices, an open work area, a kitchenette, and two restrooms. The property is located off I-270 and Route 355, behind Costco, and offers abundant free parking. Real estate taxes for the period of July 1, 2024, to June 30, 2025, are $3,844.92.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2147986
    Latitude
    39.1596253

    Nearby Similar for Sale

    • New
      $680,000
      2,600 SF

      Gaithersburg Commercial Townhouse Condo

      Two-level office condo in a prime Gaithersburg location.
      101 Chestnut St, Gaithersburg, MD 20877
      View Details
    • $699,000
      0.23 Acres

      Gaithersburg Cottage: Versatile Commercial Opportunity

      Charming cottage in Gaithersburg's Residential Buffer Zone, suitable for business.
      1 Montgomery Ave, Gaithersburg, MD 20877
      View Details
    • $2,497,500
      0.99 Acres

      Versatile Commercial/Industrial Property, Gaithersburg

      Commercial/Industrial property suitable for various uses in Gaithersburg, MD.
      16850 Oakmont Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      0.71 Acres

      Equipped Barbershop/Salon in Gaithersburg

      Turnkey barbershop/salon space for immediate occupancy in central Gaithersburg.
      431 N Frederick Ave, Gaithersburg, MD 20877
      View Details
    • $275,000

      Gaithersburg Spa & Salon Space

      Spa and hair salon space in a thriving commercial hub.
      4 Professional Dr, Gaithersburg, MD 20879
      View Details
    • $4,000,000
      78.06 Acres

      Prime Farmland with Grain Storage

      Almost 80 acres with agricultural and storage facilities in Gaithersburg.
      7511 Damascus Rd, Gaithersburg, MD 20882
      View Details
    • $450,000

      Gaithersburg Class A Office Space

      Full-service Class A office space for sale in Gaithersburg, MD.
      17B Firstfield Rd, Gaithersburg, MD 20878
      View Details
    • $688,000

      Gaithersburg Class A Office Space

      Full-service Class A office space available for purchase in Gaithersburg.
      17B Firstfield Rd, Gaithersburg, MD 20878
      View Details
    • $699,000

      Charming Cottage in Gaithersburg

      Unique cottage in prime location, ideal for business or residential.
      1 Montgomery Ave, Gaithersburg, MD 20877
      View Details
    • $520,000

      Shady Grove Office Condo Package

      Two adjacent condos in Shady Grove Professional Park.
      8909-8911 Shady Grove Ct, Gaithersburg, MD 20877
      View Details
    • $335,000

      Shady Grove Updated Office Condo

      Updated commercial condo near Shady Grove Hospital and Metro.
      9025 Shady Grove Ct, Gaithersburg, MD 20877
      View Details
    • $400,000

      Updated Medical Office For Sale

      Move-in ready medical office in Montgomery County, Maryland.
      604 S Frederick Ave, Gaithersburg, MD 20877
      View Details

    FAQs

    What type of property is this?
    Office units - 1,267 SF office suite with private entrance for sale.
    Where is this office units located?
    The property is located at 973-975 Russell Ave Gaithersburg, MD.
    What are key features of this property?
    This property features: - Private second-floor suite with no shared entrance.; - Functional layout includes reception, conference room, 2 private offices, open work area, kitchenette, and 2 restrooms.; - Convenient location off I-270 and Route 355, behind Costco.
    (301) 340-9400 Call to check price and availability
    Request Owner's contact information
    973-975 Russell Ave Gaithersburg, MD 20879
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    973-975 Russell Ave
    Gaithersburg, MD 20879
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    973-975 Russell Ave Gaithersburg, MD 20879
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jay Clogg
    Jay Clogg
    Real Estate License ID: 67699
    (301) 340-9400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!