Professional Building Office
For Sale
$575,900
12118 /12120 Heritage Park Cir, Silver Spring, MD 20906
Office unit with high-end remodeling and assigned parking.
Property Size1,750 SF
Price / SF$329.09
Days on Market200
Property Features for 12118 /12120 Heritage Park Cir
General Information
Standard status
Active
Size
1,750 SF
Building Details
Year Built
1986
Listing Agency:
Brown Real Estate/Management Group, LLC
Listed By:
Winston E Brown
(301) 933-6001
Source:
Gklegacygroup
Added: Apr 1
Changed: Oct 4
Last Checked: Oct 7 at 1:33PM
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 Brown Real Estate/Management Group, LLC
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Investment Insights
Based on property information with market context.
This commercial real estate offers a great value within a professional building. The unit features high-end remodeling, with furnishing offered separately. Four assigned parking spaces are included, along with visitor parking. Front signage is available. The location has a walk score of 35, indicating car-dependent accessibility, a bike score of 37, indicating it is somewhat bikeable, and a transit score of 52, indicating good transit options.
Key Highlights
- Four assigned parking spaces plus visitor parking
- Front signage available
- Professional building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,387
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,740
$427.7K
Cap Rate 7%
$305,529
$305.5K
Cap Rate 9%
$237,633
$237.6K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$34.4K $19.68/SF
− Vacancy
−$5.9K −$3.38/SF
EGI
$28.5K $16.30/SF
− OpEx
−$7.1K −$4.07/SF
NOI
$21.4K $12.22/SF
Area
Montgomery County, MD
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,740
Cap Rate 7%
$305,529
Cap Rate 9%
$237,633
Alternative Uses
Best Use
Office B
$305.5K
$267.3K – $356.5K
NOI $21,387 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$615.6K
$538.7K – $718.2K
NOI $43,093 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 20906, MD
71,641
Population
27,423
Households
2.6
Avg Household Size
41
Median Age
42%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
5,641
Density / Sq Mi
$92,964
Median Household Income
$46,172
Median Earnings
$1,945
Median Rent
$440,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office unit with high-end remodeling and assigned parking.
Where is this office units located?
The property is located at 12118 /12120 Heritage Park Cir Silver Spring, MD.
What is the asking price?
The asking price for this property is $575,900.
What are key features of this property?
This property features: Four assigned parking spaces plus visitor parking; Front signage available; Professional building
