Building Details

Building Size 1,495 SF

Listed By: Will Dash Show Phone

Source: Lee-associates

Added: Mar 16 Changed: Oct 3 Last Checked: Oct 5 at 4:13PM

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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 Will Dash

Investment Insights

Based on property information with market context.

This 1495-square-foot office unit is located in Burtonsville, Maryland, within the Park 29 Professional Center on Spencerville Court. The property is situated in the Burtonsville business district, accessible from Interstate 95 via Route 198.

Key Highlights

• Located in Montgomery County
• Central Air Conditioning
• Forced Air Heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,271

Cap Rate

5.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$365,420 $365.4K

Cap Rate 7%

$261,014 $261.0K

Cap Rate 9%

$203,011 $203.0K

Market Conditions

NOI Build-Up for 1,495 SF

Gross rent

$29.4K $19.68/SF

− Vacancy

−$5.1K −$3.38/SF

EGI

$24.4K $16.30/SF

− OpEx

−$6.1K −$4.07/SF

NOI

$18.3K $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%

$365,420

Cap Rate 7%

$261,014

Cap Rate 9%

$203,011

Alternative Uses

Best Use

Office B

$261.0K

$228.4K – $304.5K (±1% cap)

NOI $18,271 @ 7.0% cap · market cap 5.80%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$525.9K

$460.2K – $613.6K (±1% cap)

NOI $36,813 @ 7.0% cap · market cap 11.69%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

On Target Challenge Inc Building Supply MedBridge Medical Solutions Medical Billing Service ATM (ATM Service ... Atm IOMonitoring | Home Consultant Applied Research Associates ... Community Center

Suggested Use

Top Pick Spa & Massage Center Law Firm Hair Salon Big Box & Wholesale Store Parking Lot & Garage Skin Care Clinic

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

653

Businesses Nearby

Explore this area Business Placement

Demographics for 20866, MD

15,199

Population

5,142

Households

3

Avg Household Size

39

Median Age

44%

College-Educated

91%

High-School Grad

7.0 sq mi

ZIP Area

2,171

Density / Sq Mi

$134,682

Median Household Income

$58,637

Median Earnings

$2,203

Median Rent

$434,400

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

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Professional office unit available in Burtonsville, Maryland.

Where is this office units located?

The property is located at 15312 Spencerville Ct Ste 301 Burtonsville, MD.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: Located in Montgomery County; Central Air Conditioning; Forced Air Heating