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 Market67
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: Sep 3
Last Checked: Sep 4 at 10:29AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,804
Businesses Nearby
Explore this area
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
Market
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 - Office condo offered for sale with a total size of 956 square feet.
Where is this office units 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
