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Built-Out Medical Office Space

17902 Georgia Ave #200, Olney, MD 20832

For Lease
$3,250-$9,700/Mo

Professionally configured medical and dental suites offer elevator access, reserved parking, and flexible expansion options in Olney.

Space Size1,000 SF - 3,168 SF
Days on Market56

Property Features for 17902 Georgia Ave #200

General Information

Standard status Active
Size 1,000 SF - 3,168 SF
Net Rentable 1,000 SF
Elevators Yes
Property subtype Commercial

Space & Availability

Available Space 1,000-3,168 SF
Contiguous Space 3,168 SF
Space Use Medical Office
Condition Turnkey
Sublease No
Available From Immediate

Lease Terms

Monthly Rent $3,250-$9,700
Rent per SF/Year $36.74-$39
Lease Term 60 months

Additional Details

Utilities to Site Yes

Amenities

signage
visitor parking

Building Details

Year Built 1990
Listing Agency: REALTY ONE GROUP CAPITAL
Listed By: JOHN J AKHAVAN · License MD #641050
Source: Corcoran
Added: Sep 16 Changed: Oct 31 Last Checked: Nov 8 at 5:46AM

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 REALTY ONE GROUP CAPITAL

Rey
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Investment Insights

Based on property information with market context.

Professionally built out for medical and dental use, this office space is currently configured at 2,068 square feet and can be adjusted from 1,000 to 3,168 square feet. The premises include elevator access, reserved parking, water and electric service, and a layout suited to dental, orthodontic, oral surgery, and other medical practices. Utilities are billed separately, while the tenant is responsible for HVAC and roof maintenance.

The property is located at 17902 Georgia Ave #200 in Olney, Maryland. On-site parking includes 12 visitor spaces, with additional parking available across the street. Tenant signage is permitted at the tenant’s expense. Lease terms favor a five-year initial term with a five-year renewal option and 3% annual rent escalations.

Key Highlights

  • Flexible suite sizes from 1,000 to 3,168 square feet
  • Current configuration measures 2,068 square feet
  • Five reserved parking spaces with the current configuration

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

State Farm Insurance Insurance Agency Mavirose Clothing Store Dr. Leonard Bers Medical Clinic Shangyuan Wang Physician Anthony Bagley, PT, ... Physician

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$5.68 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,409
Businesses Nearby
Under-served
Demand for This Use

Demographics for 20832, MD

25,969
Population
8,581
Households
3
Avg Household Size
43
Median Age
64%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
2,705
Density / Sq Mi
$166,892
Median Household Income
$72,309
Median Earnings
$2,429
Median Rent
$601,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Olney, MD

$30.61 /SF/Yr
Avg Asking Price
$1.55–$39 /SF/Yr
Price Range
23,798 SF
Avg Space Size

This space is priced 24% above the average of $30.61 /SF/Yr.

Average Price Trend$/SF/Yr for Medical Office Space in Montgomery County, MD

$23.48 Jul
$20.35 Aug
$26.98 Sep
$25.07 Oct

Properties on Market for Medical Office Space in Montgomery County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Similar Off Market Nearby

  • Unleashed Vaccination Clinic — 3134 Olney Sandy Spring Rd, Olney, MD 20832
  • Banfield Pet Hospital — 18163 Village Center Dr, Olney, MD 20832

Frequently Asked Questions

What type of property is this?
Medical Office Space - Professionally configured medical and dental suites offer elevator access, reserved parking, and flexible expansion options in Olney.
Where is this medical office space located?
The property is located at 17902 Georgia Ave #200 Olney, MD.
What is the lease rate?
The lease rate is $6,300/Mo.
What are key features of this property?
This property features: Flexible suite sizes from 1,000 to 3,168 square feet; Current configuration measures 2,068 square feet; Five reserved parking spaces with the current configuration
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