Ground-Floor Medical Office
For Sale
$450,000
11303 Amherst Ave Unit 2, Silver Spring, MD 20902
Ground-level, handicap-accessible medical office suite with reception, exam rooms, offices, and 2 half baths.
Property Size1,492 SF
Price / SF$301.61
Days on Market13
Property Features for 11303 Amherst Ave Unit 2
General Information
Standard status
Active
Size
1,492 SF
Total Parking Spaces
3
Amenities
handicap accessible
storage room
Building Details
Year Built
1985
Listing Agency:
Silver Spring Real Estate
(301) 807-3501
Listed By:
Piero P Marinucci · License #596047
Source:
Kandorre
Added: Jul 20
Changed: Jul 21
Last Checked: Aug 1 at 8:54AM
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 Silver Spring Real Estate
Investment Insights
Based on property information with market context.
This ground-floor medical office suite is handicap accessible and features level entry from the parking lot to the unit’s front door. The interior configuration includes a reception area, exam rooms, offices, two half baths, and a kitchenette. A separate storage room of approximately 400 square feet is included and is located directly under the unit.
The property offers convenient parking with three assigned spaces, as well as additional parking on the street and in the Metro garage across the street. The suite is located about two blocks from Wheaton Metro. Condo fees are currently listed as $200 per month, and the space is presently occupied under a month-to-month lease term.
The listing notes that alterations to the layout have been made to accommodate the current doctor’s office use, and that the listing photos are from 2010 prior to the occupancy of the current tenant.
The property offers convenient parking with three assigned spaces, as well as additional parking on the street and in the Metro garage across the street. The suite is located about two blocks from Wheaton Metro. Condo fees are currently listed as $200 per month, and the space is presently occupied under a month-to-month lease term.
The listing notes that alterations to the layout have been made to accommodate the current doctor’s office use, and that the listing photos are from 2010 prior to the occupancy of the current tenant.
Key Highlights
- 1985‑built ground‑level office suite with nearly 1,500 sq ft of space
- Handicap accessible level entry from the parking lot to the front door
- Currently set up as a doctor’s office with reception, exam rooms, offices, a kitchenette, and 2 half baths
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $32.28 |
| − Vacancy | −$9.1k | −$6.07 |
| EGI | $39.1k | $26.21 |
| − OpEx | −$15.6k | −$10.48 |
| NOI | $23.5k | $15.73 |
1,492 SF · lease $32.28/SF/yr · vacancy 18.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$335.2K
$293.3K – $391.1K
NOI $23,464 @ 7.0% cap · market cap 5.21%
Second Best
Office B
$260.5K
$227.9K – $303.9K
NOI $18,234 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$524.9K
$459.3K – $612.3K
NOI $36,740 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20902, MD
52,533
Population
18,759
Households
2.8
Avg Household Size
36
Median Age
47%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
6,912
Density / Sq Mi
$111,408
Median Household Income
$49,887
Median Earnings
$2,088
Median Rent
$531,200
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?
Medical Office Space - Ground-level, handicap-accessible medical office suite with reception, exam rooms, offices, and 2 half baths.
Where is this medical office space located?
The property is located at 11303 Amherst Ave Unit 2 Silver Spring, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1985‑built ground‑level office suite with nearly 1,500 sq ft of space; Handicap accessible level entry from the parking lot to the front door; Currently set up as a doctor’s office with reception, exam rooms, offices, a kitchenette, and 2 half baths
