Mixed-Use Medical Office
For Sale
$1,900,000
14801 Physicians Lane 171-b&c, Rockville, MD 20850
First-floor office suites include reception, private offices, bathrooms, and abundant free surface parking.
Property Size12,284 SF
Price / SF$154.67
Days on Market94
Property Features for 14801 Physicians Lane 171-b&c
General Information
Standard status
Active
Size
12,284 SF
Zoning
CR
Building Details
Year Built
2014
Listing Agency:
Divaris Real Estate, Inc
Listed By:
Oreste Joseph Farina II
(571) 620-5142
Source:
Kandorre
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 7 at 1:47PM
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 Divaris Real Estate, Inc
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Investment Insights
Based on property information with market context.
This property offers first-floor units totaling 6,142 SF, with a reception area, multiple private offices, and bathrooms. Built in 1984, the space is designed for a flexible mix of office, medical, retail, and service uses.
The property is zoned Commercial/Residential (CR) in Montgomery County and features abundant free surface parking. It sits within a walkable, mixed-use environment surrounded by established professional, medical, and retail amenities.
At closing, there is an optional owner leaseback of one unit.
The property is zoned Commercial/Residential (CR) in Montgomery County and features abundant free surface parking. It sits within a walkable, mixed-use environment surrounded by established professional, medical, and retail amenities.
At closing, there is an optional owner leaseback of one unit.
Key Highlights
- 6,142 SF of first‑floor space with a reception area, multiple private offices, and bathrooms
- Optional owner leaseback of one unit available at closing
- Abundant free surface parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,126
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,002,520
$3.0M
Cap Rate 7%
$2,144,657
$2.1M
Cap Rate 9%
$1,668,067
$1.7M
Market Conditions
NOI Build-Up for 12,284 SF
Gross rent
$241.7K $19.68/SF
− Vacancy
−$41.6K −$3.38/SF
EGI
$200.2K $16.30/SF
− OpEx
−$50.0K −$4.07/SF
NOI
$150.1K $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%
$3,002,520
Cap Rate 7%
$2,144,657
Cap Rate 9%
$1,668,067
Alternative Uses
Best Use
Healthcare Medical
$2.76M
$2.41M – $3.22M
NOI $193,188 @ 7.0% cap · market cap 10.17%
Second Best
Office B
$2.14M
$1.88M – $2.50M
NOI $150,126 @ 7.0% cap · market cap 7.90%
Theoretical Best
Specialty Retail
$4.32M
$3.78M – $5.04M
NOI $302,486 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
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Business Placement
Demographics for 20850, MD
51,045
Population
22,468
Households
2.3
Avg Household Size
41
Median Age
67%
College-Educated
94%
High-School Grad
14.1 sq mi
ZIP Area
3,620
Density / Sq Mi
$122,691
Median Household Income
$77,679
Median Earnings
$2,277
Median Rent
$687,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor office suites include reception, private offices, bathrooms, and abundant free surface parking.
Where is this office unit located?
The property is located at 14801 Physicians Lane 171-b&c Rockville, MD.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 6,142 SF of first‑floor space with a reception area, multiple private offices, and bathrooms; Optional owner leaseback of one unit available at closing; Abundant free surface parking on site
