Office Condo
For Sale
Contact for pricing
15817 Crabbs Branch Way, Rockville, MD 20855
Compact office condominium available for ownership or occupancy in Rockville.
Property Size723 SF
Price / SF$261.41
Days on Market102
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Property Features for 15817 Crabbs Branch Way
General Information
Standard status
Active
Size
723 SF
Property subtype
Office
Building Details
Stories
2
Tenancy
Single
Listing Agency:
Jay Clogg Realty Group Inc
Listed By:
John Arensmeyer · License #MD 84024
(301) 340-9400
Source:
Crexi
Added: Jul 6
Changed: Sep 30
Last Checked: Oct 14 at 11:02PM
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 Jay Clogg Realty Group Inc
Investment Insights
Based on property information with market context.
This office condominium comprises approximately 723 SF of commercial workspace at 15817 Crabbs Branch Way in Rockville, Maryland. The property is offered for sale or lease, providing flexibility for an owner-user or an occupant seeking a dedicated office setting.
The suite is located in the 20855 ZIP code. Additional building specifications, layout details, and on-site amenities are not provided.
The suite is located in the 20855 ZIP code. Additional building specifications, layout details, and on-site amenities are not provided.
Key Highlights
- Approximately 723 SF of office space
- Office condominium offered for sale or lease
- 15817 Crabbs Branch Way, Rockville, MD 20855
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,836
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,720
$176.7K
Cap Rate 7%
$126,229
$126.2K
Cap Rate 9%
$98,178
$98.2K
Market Conditions
NOI Build-Up for 723 SF
Gross rent
$14.2K $19.68/SF
− Vacancy
−$2.4K −$3.38/SF
EGI
$11.8K $16.30/SF
− OpEx
−$2.9K −$4.07/SF
NOI
$8.8K $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%
$176,720
Cap Rate 7%
$126,229
Cap Rate 9%
$98,178
Alternative Uses
Best Use
Office B
$126.2K
$110.5K – $147.3K
NOI $8,836 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$254.3K
$222.5K – $296.7K
NOI $17,803 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Explore this area
Business Placement
Demographics for 20855, MD
17,003
Population
6,141
Households
2.8
Avg Household Size
41
Median Age
68%
College-Educated
96%
High-School Grad
13.1 sq mi
ZIP Area
1,298
Density / Sq Mi
$147,708
Median Household Income
$72,538
Median Earnings
$2,405
Median Rent
$614,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Compact office condominium available for ownership or occupancy in Rockville.
Where is this office units located?
The property is located at 15817 Crabbs Branch Way Rockville, MD.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Approximately 723 SF of office space; Office condominium offered for sale or lease; 15817 Crabbs Branch Way, Rockville, MD 20855
