Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    16021 Industrial Dr Gaithersburg, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space with office, warehouse, and highway access.

    Type:OFFICE
    Property size:
    3,000 SF
    Lot size:
    2.51 Acres
    Added:
    May 3, 2023
    Days on Market:
    1095
    Last Refresh:
    Apr 5 at 10:12 pm

    Property Features for 16021 Industrial Dr

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    2.51 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 16021 Industrial Dr Contact us

    We can help!

    Listing Contact
    Ethan Bernardi
    Ethan Bernardi

    Listing agent Ethan Bernardi

    Listing office Lincoln Property Company | Rockville

    Listing date May 3, 2023

    Source Moodyscre

    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 Lincoln Property Company | Rockville

    Overview

    Gaithersburg Flex Space Available

    This flex space in Gaithersburg, Maryland, offers both office and warehouse areas. The property provides direct access to I-270, I-370, and the ICC. Recent building improvements include an upgraded security system and new exterior building lighting. The entire space is conditioned and includes rear drive-in bay access. The property size is 3,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hutzpah Media (Mobile ... Marketing & Advertising Royal Fencing Academy ... Sports School Livity Foods LLC ... Food Processing Plant Wallmonkeys Wall Decals Big Box & Wholesale Store Advanced Restoration Solutions Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Rina's Catering Box — 15717 Mahogany Cir APT 104, Gaithersburg, MD 20878
    • Delphi's Catering — 8609 Ziggy Ln, Gaithersburg, MD 20877
    • Tex Mex and Grill, food truck llc — 16210 S Frederick Ave, Gaithersburg, MD 20877
    • COOK FOOD ORGANIC — 16541 S Westland Dr, Gaithersburg, MD 20877
    • Firehouse Subs Upper Rock — 28 Upper Rock Cir, Rockville, MD 20850

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1881
    Latitude
    39.1201

    Nearby Similar for Lease

    • $1,959/Mo

      Gaithersburg Retail/Office Space Available

      Professional retail/office space with utilities included in CAM charges.
      312 MAIN Street, GAITHERSBURG, MD 20878
      View Details
    • $1,300/Mo

      Gaithersburg Office Space for Lease

      945 sq ft office space available for lease.
      4 PROFESSIONAL Drive, GAITHERSBURG, MD 20879
      View Details
    • $2,400/Mo

      Gaithersburg Office Space for Lease

      Well-maintained 880-SF office suite in a convenient location.
      945 RUSSELL AVE., GAITHERSBURG, MD 20879
      View Details
    • Contact for pricing

      Professional Office Space Available

      Conveniently located office building with flexible, collaborative environment.
      111 CENTRAL Ave QUAY HOUSE, Gaithersburg, MD 20877
      View Details
    • $1,750/Mo

      Lakelands Live/Work Office Space

      Live/work office space in Lakelands community with utilities included.
      817 LINSLADE St B, Gaithersburg, MD 20878
      View Details
    • $2,100/Mo

      Professional Office Space For Rent

      Professional office space with easy access and ample parking.
      2 PROFESSIONAL Dr 242, Gaithersburg, MD 20879
      View Details
    • $2,950/Mo

      Dental Medical Office Opportunity

      Dental medical office with equipment available for rent.
      923 RUSSELL Ave 1102, Gaithersburg, MD 20879
      View Details
    • $1,750/Mo

      Lakelands Live/Work Office Space

      Main level commercial office suite in Lakelands community for lease.
      817 Linslade St #b, GAITHERSBURG, MD 20878
      View Details
    • $12 SF/Yr

      Renovated Office Suite For Rent

      Meticulously renovated office suite, ideal for medical or professional use.
      9001 SHADY GROVE Ct 27B, Gaithersburg, MD 20877
      View Details
    • Sponsored
      Contact for pricing

      Washingtonian Boulevard

      9711 Washingtonian Blvd, Unit 550, Gaithersburg, MD 20878
      View Details
    • Contact for pricing

      Gaithersburg Office Space For Rent

      945 sq ft office space in Montgomery Professional Park.
      4 PROFESSIONAL Dr 132, Gaithersburg, MD 20879
      View Details
    • $3,700/Mo

      Storefront Space in Established Community

      Storefront in Kentland with many possibilities for various businesses.
      375 Main St, GAITHERSBURG, MD 20878
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with office, warehouse, and highway access.
    Where is this flex space located?
    The property is located at 16021 Industrial Dr Gaithersburg, MD.
    What are key features of this property?
    This property features: Direct access to I‑270, I‑370 & ICC; Office and warehouse space available; Rear drive‑in bay access
    (301) 304-8300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ethan Bernardi
    Ethan Bernardi
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    16021 Industrial Dr, Gaithersburg, MD

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!