Listing Agency: TriAlliance Commercial Real Estate Services Show Phone

Listed By: Lyn Jablonski · License #33188

Source: Moodyscre

Added: May 20 Changed: Oct 14 Last Checked: Oct 14 at 11:06PM

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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 / Yr

$18,026

Cap Rate

5.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$360,520 $360.5K

Cap Rate 7%

$257,514 $257.5K

Cap Rate 9%

$200,289 $200.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,475 SF

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 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. How Realmo checks its estimates

Property Analytics

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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

Similar For Sale Nearby

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Burtonsville Office Unit For Sale

15312 Spencerville Ct Ste 301, Burtonsville, MD 20866

$315,000

1,495 SF

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Multi-Building Office Property

3909 National Dr, Burtonsville, MD 20866

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21,248 SF

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Flex Warehouse with Office

15401 Old Columbia Pike, Burtonsville, MD 20866

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32,845 SF

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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