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 Market57
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
(301) 340-9400
Listed By:
John Arensmeyer · License #MD 84024
Source:
Crexi
Added: Jul 6
Changed: Aug 31
Last Checked: Aug 31 at 5:06AM
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 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 = 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
$8,836
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
4.68%
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%
$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
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
$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 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%
$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.
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
Questions? Ask Rey
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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
