Second-Floor Medical Office
14816 Physicians Ln Rockville, MD 20850
14816 Physicians Ln, Rockville, MD, 20850
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For Sale
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Move-in ready second-floor condo with reception, four rooms, kitchen, bathroom, and utility/storage areas.
Property Size983 SF
Price / SF$305.09
Days on Market245
Property Features for 14816 Physicians Ln
General Information
- Standard status
- Active
- Size
- 983 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agency
Terring Wang Group
Listed by
Terring Wang · License #md639378
Source
Crexi
Added: Nov 18, 2025 Updated: Jul 20 at 11:05PM Checked: Jul 21 at 7:06AM
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 Terring Wang Group
Investment Insights
Based on property information with market context.
Located in the Shady Grove Professional Center, this second-floor commercial condo is well suited for medical or professional use. The space includes a spacious reception area, four rooms with ample natural light, plus a storage room, kitchen, bathroom, and utility room. The unit is currently vacant and described as move-in ready, having been previously used as a doctor’s office.
The property is positioned in a professional center primarily occupied by physician, dental, and chiropractic practices. It sits across from Children’s Hospital and CVS Pharmacy and is noted as being conveniently close to the new Trader Joe’s shopping plaza and Johns Hopkins University. The complex states there are no restrictions on the type of business allowed.
With its combination of patient-facing reception space, multiple private rooms, and essential back-of-house components like a utility and storage area, the layout supports a range of office operations consistent with its medical and professional history.
The property is positioned in a professional center primarily occupied by physician, dental, and chiropractic practices. It sits across from Children’s Hospital and CVS Pharmacy and is noted as being conveniently close to the new Trader Joe’s shopping plaza and Johns Hopkins University. The complex states there are no restrictions on the type of business allowed.
With its combination of patient-facing reception space, multiple private rooms, and essential back-of-house components like a utility and storage area, the layout supports a range of office operations consistent with its medical and professional history.
Key Highlights
- Second‑floor commercial condo in the Shady Grove Professional Center, built in 1984
- Move‑in ready unit formerly used as a doctor’s office and currently vacant
- Features a spacious reception area plus four rooms with ample natural light
Local 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 | $31.7k | $32.28 |
| − Vacancy | −$6.0k | −$6.07 |
| EGI | $25.8k | $26.21 |
| − OpEx | −$10.3k | −$10.48 |
| NOI | $15.5k | $15.73 |
983 SF · lease $32.28/SF/yr · vacancy 18.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$220.8K
$193.2K – $257.7K
NOI $15,459 @ 7.0% cap · market cap 5.15%
Second Best
Office B
$171.6K
$150.2K – $200.2K
NOI $12,014 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$345.8K
$302.6K – $403.4K
NOI $24,206 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Solace Pain Management ...
Physician
Adult and Pediatric Clinic, ...
Medical Clinic
Dr. Shama Mittal
Physician
NYS Diagnostics & Supply
Drug Testing Service
Serenity Spa
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Move-in ready second-floor condo with reception, four rooms, kitchen, bathroom, and utility/storage areas.
Where is this medical office space located?
The property is located at 14816 Physicians Ln Rockville, MD.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Second‑floor commercial condo in the Shady Grove Professional Center, built in 1984; Move‑in ready unit formerly used as a doctor’s office and currently vacant; Features a spacious reception area plus four rooms with ample natural light
