Updated Office
For Sale
$219,000
15825 CRABBS BRANCH WAY, Rockville, MD 20855
Main-level layout includes four private offices, a kitchenette, and a dedicated restroom.
Property Size667 SF
Price / SF$328.34
Days on Market132
Property Features for 15825 CRABBS BRANCH WAY
General Information
Standard status
Active
Size
667 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Floor
Main Level
Taxes and HOA fees
Annual Taxes
$2,379
Amenities
Central Air, A/C - Other
3
Parking.
Lot.
Other.
Building Details
Year Built
1980
Listing Agency:
Capital Gold Realty
(301) 296-4408
Listed By:
Michael Boateng · License #661399
(301) 296-4408
Source:
Xome
Added: Apr 12
Changed: Aug 18
Last Checked: Aug 21 at 4:50AM
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 Capital Gold Realty
Investment Insights
Based on property information with market context.
This main-level office condominium at 15825 Crabbs Branch Way includes four offices, a kitchenette, and a private restroom. Recent improvements include new flooring, fresh paint, and recessed lighting, complemented by central air conditioning and gas heat. The property is offered as-is and includes a layout described as move-in ready.
Surface parking is available for staff and visitors. The office is positioned near I-270, I-370, Route 355, the ICC, and Shady Grove Metro Station, providing access for employees and clients. The condominium association maintains the exterior, parking lot, and common areas.
Surface parking is available for staff and visitors. The office is positioned near I-270, I-370, Route 355, the ICC, and Shady Grove Metro Station, providing access for employees and clients. The condominium association maintains the exterior, parking lot, and common areas.
Key Highlights
- Four‑office layout with kitchenette and private restroom
- Updated flooring, fresh paint, and recessed lighting
- Central air conditioning and gas heat
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
$8,152
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
3.72%
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%
$163,040
$163.0K
Cap Rate 7%
$116,457
$116.5K
Cap Rate 9%
$90,578
$90.6K
Market Conditions
NOI Build-Up for 667 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
$13.1K $19.68/SF
− Vacancy
−$2.3K −$3.38/SF
EGI
$10.9K $16.30/SF
− OpEx
−$2.7K −$4.07/SF
NOI
$8.2K $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%
$163,040
Cap Rate 7%
$116,457
Cap Rate 9%
$90,578
Alternative Uses
Best Use
Office B
$116.5K
$101.9K – $135.9K
NOI $8,152 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$234.6K
$205.3K – $273.7K
NOI $16,424 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
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 - Main-level layout includes four private offices, a kitchenette, and a dedicated restroom.
Where is this office units located?
The property is located at 15825 CRABBS BRANCH WAY Rockville, MD.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Four‑office layout with kitchenette and private restroom; Updated flooring, fresh paint, and recessed lighting; Central air conditioning and gas heat
