Class A Office For
17B FIRSTFIELD Rd 201, Gaithersburg, MD 20878
For Sale
$688,000
Full service Class A office units available for purchase.
Property Size3,989 SF
Price / SF$172.47
Days on Market242
Property Features for 17B FIRSTFIELD Rd 201
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Units
Listing Agency:
RE/MAX Town Center
Listed By:
Li Ye · License #PB98376529
(202) 271-8066
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 14 at 6:10AM
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 RE/MAX Town Center
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a full-service Class A office property available for sale. The unit size options include 1575 square feet, 2414 square feet, or 3989 square feet.
Key Highlights
- Class A office space.
- Full service.
- Available unit sizes: A spacious 3989 sf.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,751
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,020
$975.0K
Cap Rate 7%
$696,443
$696.4K
Cap Rate 9%
$541,678
$541.7K
Market Conditions
NOI Build-Up for 3,989 SF
Gross rent
$78.5K $19.68/SF
− Vacancy
−$13.5K −$3.38/SF
EGI
$65.0K $16.30/SF
− OpEx
−$16.3K −$4.07/SF
NOI
$48.8K $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%
$975,020
Cap Rate 7%
$696,443
Cap Rate 9%
$541,678
Alternative Uses
Best Use
Office B
$696.4K
$609.4K – $812.5K
NOI $48,751 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,227 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
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Business Placement
Demographics for 20878, MD
65,990
Population
25,297
Households
2.6
Avg Household Size
40
Median Age
70%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
3,235
Density / Sq Mi
$142,062
Median Household Income
$76,026
Median Earnings
$2,188
Median Rent
$675,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Gaithersburg, MD
Properties on Market for Office Units in Gaithersburg
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Full service Class A office units available for purchase.
Where is this office unit located?
The property is located at 17B FIRSTFIELD Rd 201 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $688,000.
What are key features of this property?
This property features: Class A office space.; Full service.; Available unit sizes: A spacious 3989 sf.
