Office Unit With Assigned
For Sale
$575,900
1211812116 HERITAGE PARK CIRCLE, Silver Spring, MD 20906
Professional office unit with central air, intercom service, secured parking, and available front signage.
Property Size1,750 SF
Price / SF$329.09
Days on Market142
Property Features for 1211812116 HERITAGE PARK CIRCLE
General Information
Standard status
Active
Size
1,750 SF
Total Parking Spaces
4
Property subtype
Office
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$2,671
Amenities
front signage
Central Air
3
Hardwood, Ceramic Tile, Wood
Intercom System
Metal
Handicap Parking, Private, Secured.
Insulated Doors.
Building Details
Year Built
1986
Listing Agency:
Brown Real Estate/Management Group, LLC
(301) 933-6001
Listed By:
Winston Brown
(301) 933-6001
Source:
Xome
Added: Mar 29
Changed: Aug 16
Last Checked: Aug 17 at 4:40AM
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
Investment Insights
Based on property information with market context.
This office unit is located in a professional building constructed in 1986 and includes central air, an intercom system, and a combination of hardwood, ceramic tile, and wood flooring. Private secured parking is available, with handicap parking also provided. Four assigned parking spaces are included along with visitor parking, supporting both occupants and guests.
Front signage is available at the building, providing an identification option for the office. High-end remodeling and furnishings are offered separately, allowing the buyer to evaluate those items independently from the property.
Front signage is available at the building, providing an identification option for the office. High-end remodeling and furnishings are offered separately, allowing the buyer to evaluate those items independently from the property.
Key Highlights
- Four assigned parking spaces plus visitor parking
- Central air and intercom system
- Private secured parking with handicap parking
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
$21,387
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
3.71%
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%
$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
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
$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 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%
$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.
Property Analytics
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office unit with central air, intercom service, secured parking, and available front signage.
Where is this office units located?
The property is located at 1211812116 HERITAGE PARK CIRCLE 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; Central air and intercom system; Private secured parking with handicap parking
