12201 Greenridge Dr, Boyds, MD 20841

Building Details

Year Built 1965 More

Listing Agency: RLAH @properties

Listed By: Jack W Wang · License #640686 Show Phone

Source: Soldbypattie

Added: Jul 30 Changed: Oct 25 Last Checked: Nov 6 at 1:43PM

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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 RLAH @properties

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Investment Insights

Based on property information with market context.

This well-maintained rambler has served as a successful dental office for more than 40 years and offers a flexible live-work configuration. The main level includes hardwood flooring throughout much of the space, while the property also features a brand-new roof, an attached three-car garage, and abundant off-street parking for family, guests, clients, or employees. The lower level has a separate private entrance and dedicated side parking, with potential for a private in-law suite or rental unit.

Situated on a prominent corner lot just off Route 355, the property offers access to I-270 and is minutes from Milestone Shopping Center, Clarksburg Premium Outlets, Black Hill Regional Park, the dog park, restaurants, and everyday conveniences. The property may suit a residence, professional office, live-work space, or another permitted use.

Key Highlights

• Corner lot just off Route 355 with access to I‑270
• Served as a successful dental office for more than 40 years
• Brand‑new roof and hardwood flooring throughout much of the main level

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,319

Cap Rate

7.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$986,380 $986.4K

Cap Rate 7%

$704,557 $704.6K

Cap Rate 9%

$547,989 $548.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,136 SF

Gross rent

$101.2K $32.28/SF

− Vacancy

−$19.0K −$6.07/SF

EGI

$82.2K $26.21/SF

− OpEx

−$32.9K −$10.48/SF

NOI

$49.3K $15.73/SF

Area

Montgomery County, MD

Vacancy

18.80%

Lease Rate

$32.28 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$986,380

Cap Rate 7%

$704,557

Cap Rate 9%

$547,989

Alternative Uses

Best Use

Healthcare Medical

$704.6K

$616.5K – $822.0K (±1% cap)

NOI $49,319 @ 7.0% cap · market cap 7.37%

Second Best

Mixed Use

$604.8K

$529.2K – $705.6K (±1% cap)

NOI $42,336 @ 7.0% cap · market cap 6.33%

Theoretical Best

Specialty Retail

$1.10M

$965.3K – $1.29M (±1% cap)

NOI $77,222 @ 7.0% cap · market cap 11.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Manstof Stanley R ... Dental Office Maryland Cannabis Consultants Physician Stanley Manstof Dental Office

Suggested Use

Top Pick Law Firm Spa & Massage Center Restaurant Building Supply Auto Repair Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

119

Businesses Nearby

Explore this area Business Placement

Demographics for 20841, MD

9,538

Population

3,116

Households

3.1

Avg Household Size

42

Median Age

61%

College-Educated

91%

High-School Grad

27.1 sq mi

ZIP Area

352

Density / Sq Mi

$184,276

Median Household Income

$72,419

Median Earnings

$2,794

Median Rent

$771,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Live-work space - Well-maintained rambler with hardwood flooring, a new roof, an attached three-car garage, and separate lower-level access.

Where is this live-work space located?

The property is located at 12201 Greenridge Dr Boyds, MD.

What is the asking price?

The asking price for this property is $669,000.

What are key features of this property?

This property features: Corner lot just off Route 355 with access to I‑270; Served as a successful dental office for more than 40 years; Brand‑new roof and hardwood flooring throughout much of the main level