Updated Office and Retail
For Lease
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16220 Frederick Rd, Gaithersburg, MD 20877
New exterior façade and 2023 interior lobby renovations support office and retail leasing within a multi-story property.
Space Size1,902 SF
Days on Market32
Property Features for 16220 Frederick Rd
General Information
Standard status
Active
Size
1,902 SF
Property subtype
OFFICE
Lease Type
Full Service
Building Details
Year Renovated
2023
Stories
5
Spaces For Lease
at 16220 Frederick Rd Contact us- Floor
- 2
- Size
- 1,902 SF
- Type
- OFFICE
- Lease Type
- FULL_SERVICE
- Availability
- AVAILABLE, Now
- Sublease
- No
16220 Frederick Rd $20/SF/Yr
- An entirely new façade was installed along the length of the 14,000 square foot...
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Listing Agency:
Promark Partners
(301) 795-1400
Listed By:
Craig Burton
Source:
Moodyscre
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 12 at 3:24AM
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 Promark Partners
Investment Insights
Based on property information with market context.
This office building was substantially updated, including a newly installed façade along the length of a 14,000-square-foot strip with larger storefront glass, metal panels, and stone. The property also received a new stone façade, with bright epoxy paint applied over precast panels on floors 2 through 5. Interior office areas and lobby renovations were completed in 2023.
Improvements also extend to the site and access, including enhanced site circulation and a new exterior stairway connecting the rear parking lot to the office and retail entrances.
Overall, the building’s recent exterior, interior, and circulation upgrades provide a refreshed setting for office and retail users seeking an updated look and improved exterior access.
Improvements also extend to the site and access, including enhanced site circulation and a new exterior stairway connecting the rear parking lot to the office and retail entrances.
Overall, the building’s recent exterior, interior, and circulation upgrades provide a refreshed setting for office and retail users seeking an updated look and improved exterior access.
Key Highlights
- 14,000 SF strip building with new exterior facade featuring larger storefront glass, metal panels, and stone
- 2023 improvements include a new stone facade on the office building and bright epoxy paint over precast panels on floors 2–5
- 2023 interior office and lobby renovations
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,653
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
Market
Lease Benchmarks for Gaithersburg, MD
$19.08 /SF/Yr
Avg Asking Price
$1.75–$32.73 /SF/Yr
Price Range
4,660 SF
Avg Space Size
This space is priced 5% above the average of $19.08 /SF/Yr.
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 - New exterior façade and 2023 interior lobby renovations support office and retail leasing within a multi-story property.
Where is this office units located?
The property is located at 16220 Frederick Rd Gaithersburg, MD.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 14,000 SF strip building with new exterior facade featuring larger storefront glass, metal panels, and stone; 2023 improvements include a new stone facade on the office building and bright epoxy paint over precast panels on floors 2–5; 2023 interior office and lobby renovations
