Office Condo
For Sale
Contact for pricing
19509 Doctors Drive, Germantown, MD 20874
Office condo offered for sale with a total size of 956 square feet.
Property Size956 SF
Price / SF$312.76
Days on Market113
Property Features for 19509 Doctors Drive
General Information
Standard status
Active
Size
956 SF
Property subtype
Office
Building Details
Stories
1
Listing Agency:
Jay Clogg Realty Group Inc
Listed By:
Jay Clogg · License #MD 67699
(301) 340-9400
Source:
Crexi
Added: Jul 1
Changed: Oct 11
Last Checked: Oct 20 at 6:18PM
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 Jay Clogg Realty Group Inc
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Investment Insights
Based on property information with market context.
This office condo suite is offered for sale and provides 956 square feet of office space. The property is configured as an individual office condo, offering a self-contained option within a commercial office setting.
The office condo is located at 19509 Doctors Drive in Germantown, Maryland (20874).
The office condo is located at 19509 Doctors Drive in Germantown, Maryland (20874).
Key Highlights
- Office condo for sale
- Total size: 956 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,684
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,680
$233.7K
Cap Rate 7%
$166,914
$166.9K
Cap Rate 9%
$129,822
$129.8K
Market Conditions
NOI Build-Up for 956 SF
Gross rent
$18.8K $19.68/SF
− Vacancy
−$3.2K −$3.38/SF
EGI
$15.6K $16.30/SF
− OpEx
−$3.9K −$4.07/SF
NOI
$11.7K $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%
$233,680
Cap Rate 7%
$166,914
Cap Rate 9%
$129,822
Alternative Uses
Best Use
Office B
$166.9K
$146.1K – $194.7K
NOI $11,684 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$336.3K
$294.3K – $392.4K
NOI $23,541 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,804
Businesses Nearby
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Business Placement
Demographics for 20874, MD
62,908
Population
23,081
Households
2.7
Avg Household Size
37
Median Age
49%
College-Educated
90%
High-School Grad
22.7 sq mi
ZIP Area
2,771
Density / Sq Mi
$109,648
Median Household Income
$57,436
Median Earnings
$1,938
Median Rent
$385,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office condo offered for sale with a total size of 956 square feet.
Where is this office unit located?
The property is located at 19509 Doctors Drive Germantown, MD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Office condo for sale; Total size: 956 sq ft
