Listing Agency: TriAlliance Commercial Real Estate Services Show Phone

Listed By: Lyn Jablonski · License #33188

Source: Moodyscre

Added: May 20 Changed: Aug 11 Last Checked: Aug 31 at 2:29AM

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Investment Insights

Based on property information with market context.

This commercial real estate property in Burtonsville, Maryland, offers office units and office spaces for sale. The property provides 1475 square feet of space. It is located at 15300-15324 Spencerville Ct, Burtonsville, MD 20866.

Key Highlights

• Office units available for sale
• Located in Burtonsville, Maryland

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$18,026

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

5.09%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$360,520 $360.5K

Cap Rate 7%

$257,514 $257.5K

Cap Rate 9%

$200,289 $200.3K

Market Conditions

NOI Build-Up for 1,475 SF 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.

Gross rent

$29.0K $19.68/SF

− Vacancy

−$5.0K −$3.38/SF

EGI

$24.0K $16.30/SF

− OpEx

−$6.0K −$4.07/SF

NOI

$18.0K $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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$360,520

Cap Rate 7%

$257,514

Cap Rate 9%

$200,289

Alternative Uses

Best Use

Office B

$257.5K

$225.3K – $300.4K (±1% cap)

NOI $18,026 @ 7.0% cap · market cap 5.09%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$518.9K

$454.0K – $605.4K (±1% cap)

NOI $36,321 @ 7.0% cap · market cap 10.26%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Office Units

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

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Frequently Asked Questions

What type of property is this?

Office units - Office units available for sale in Burtonsville, Maryland.

Where is this office units located?

The property is located at 15300-15324 Spencerville Ct Burtonsville, MD.

What is the asking price?

The asking price for this property is $354,000.

What are key features of this property?

This property features: Office units available for sale; Located in Burtonsville, Maryland