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Medical Office Condo

14-b-6263 Executive Blvd, Rockville, MD 20852

For Sale
$399,000

Built out for medical massage use with free surface parking at the office park.

Property Size966 SF
Price / SF$413.04
Days on Market193

Property Features for 14-b-6263 Executive Blvd

General Information

Standard status Active
Size 966 SF

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $3,908
Listing Agency: Rory S. Coakley Realty, Inc.
Listed By: Rory P Coakley · License MD #637363
Source: Exprealty
Added: May 6 Changed: Nov 9 Last Checked: Nov 12 at 12:34PM

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 Rory S. Coakley Realty, Inc.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 966-square-foot office condominium is currently configured for medical massage use, providing an existing healthcare-oriented build-out within a professional office setting. The property is offered as a medical office space and measures approximately 966 SF.

Located at 14-B-6263 Executive Blvd in Rockville, Maryland, the office is just off I-270 and 495. Free surface parking is available within the office park, supporting convenient access for occupants and visitors.

Key Highlights

  • 966 SF medical office condominium
  • Existing build‑out for medical massage use
  • Just off I‑270 and 495 in Rockville, MD

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$15,192
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,840 $303.8K
Cap Rate 7%
$217,029 $217.0K
Cap Rate 9%
$168,800 $168.8K
Market Conditions
NOI Build-Up for 966 SF
Gross rent
$31.2K $32.28/SF
− Vacancy
−$5.9K −$6.07/SF
EGI
$25.3K $26.21/SF
− OpEx
−$10.1K −$10.48/SF
NOI
$15.2K $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%
$303,840
Cap Rate 7%
$217,029
Cap Rate 9%
$168,800

Alternative Uses

Best Use
Healthcare Medical
$217.0K
$189.9K – $253.2K (±1% cap)
NOI $15,192 @ 7.0% cap · market cap 3.81%
Second Best
Office B
$168.7K
$147.6K – $196.8K (±1% cap)
NOI $11,806 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$339.8K
$297.3K – $396.5K (±1% cap)
NOI $23,787 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Hotel & Motel Garden Center Auto Parts Store Electrical Service Big Box & Wholesale Store HVAC Service

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,491
Businesses Nearby
Balanced
Demand for This Use

Demographics for 20852, MD

48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Montgomery County, MD

$442 Jul
$280 Aug
$263 Sep
$259 Oct

Properties on Market for Medical Office Space in Montgomery County

Jul
Aug
Sep
Oct

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

Similar Off Market Nearby

  • Metropolitan Animal Emergency and Specialty Center, A Thrive Pet Healthcare Partner — 11503 Rockville Pike a, Rockville, MD 20852
  • Dr. Boyd’s Veterinary Resort — 11503 Rockville Pike suite b, Rockville, MD 20852
  • Dr. Bonds Veterinary Resort — 5590 Nicholson Ln, Rockville, MD 20852
  • PetWellClinic - North Bethesda — 11802 Rockville Pike STE D, Rockville, MD 20852
  • Pet Well Clinic — North Bethesda, MD 20852

Frequently Asked Questions

What type of property is this?
Medical Office Space - Built out for medical massage use with free surface parking at the office park.
Where is this medical office space located?
The property is located at 14-b-6263 Executive Blvd Rockville, MD.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 966 SF medical office condominium; Existing build‑out for medical massage use; Just off I‑270 and 495 in Rockville, MD
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Includes: Price & PSF · Cap rate · Location · Zoning

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