Renovated Office
New
For Sale
$285,000
16047 COMPRINT CIRCLE #16047, Gaithersburg, MD 20877
Three rooms, a kitchenette, and a half bath support a practical office layout.
Property Size941 SF
Price / SF$302.87
Days on Market2
Property Features for 16047 COMPRINT CIRCLE #16047
General Information
Standard status
Active
Size
941 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1988
Listing Agency:
EXP Realty, LLC
(888) 860-7369
Listed By:
Jonathan S Lahey · License #0225099090
(301) 281-6981
Source:
Cummingsrealtors
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:25AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Renovated office space at 16047 Comprint Circle in Gaithersburg includes three separate rooms, a kitchenette, and a half bath. High ceilings add to the interior configuration. The building dates to 1988.
The property is just off Shady Grove Road, with access to I-270 and I-370.
The property is just off Shady Grove Road, with access to I-270 and I-370.
Key Highlights
- Three separate rooms
- Kitchenette and half bath
- High ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,500
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,000
$230.0K
Cap Rate 7%
$164,286
$164.3K
Cap Rate 9%
$127,778
$127.8K
Market Conditions
NOI Build-Up for 941 SF
Gross rent
$18.5K $19.68/SF
− Vacancy
−$3.2K −$3.38/SF
EGI
$15.3K $16.30/SF
− OpEx
−$3.8K −$4.07/SF
NOI
$11.5K $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%
$230,000
Cap Rate 7%
$164,286
Cap Rate 9%
$127,778
Alternative Uses
Best Use
Office B
$164.3K
$143.8K – $191.7K
NOI $11,500 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$331.0K
$289.7K – $386.2K
NOI $23,172 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 20877, MD
37,577
Population
13,599
Households
2.8
Avg Household Size
36
Median Age
35%
College-Educated
76%
High-School Grad
5.6 sq mi
ZIP Area
6,710
Density / Sq Mi
$86,103
Median Household Income
$39,341
Median Earnings
$1,862
Median Rent
$462,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Three rooms, a kitchenette, and a half bath support a practical office layout.
Where is this office units located?
The property is located at 16047 COMPRINT CIRCLE #16047 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three separate rooms; Kitchenette and half bath; High ceilings
