Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Germantown Lab/Manufacturing/Office Building Title is generated by Realmo AI

    20400 Century Boulevard, Germantown, MD 20874

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-story Class A building in Germantown's premier commercial corridor.

    Type:LifeSciences
    Added:
    Nov 22, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 5 at 9:18 pm

    Property Features for 20400 Century Boulevard

    General Information

    Standard status
    Active
    Property subtype
    LifeSciences

    We can help!

    Listing Contact
    Frank Graybeal
    Frank Graybeal

    Listing agent Frank Graybeal

    Listing office CBRE | Bethesda

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Bethesda

    HighLights

    • Class A lab/manufacturing/office building
    • 80,020 RSF with 40,000 RSF floor plates
    • Newly renovated common areas
    • Premier commercial corridor location on Century Boulevard
    • Direct access to all points in Montgomery County via I‑270
    • Convenient access to shopping, dining, and entertainment at The Shops at Town Center

    Overview

    This two-story Class A building offers 80,020 rentable square feet suitable for lab, manufacturing, or office use. The building features 40,000 square foot floor plates and newly renovated common areas. Located on Century Boulevard, Germantown’s premier commercial corridor, the property provides direct access to all points in Montgomery County via I-270. The location offers convenient access to shopping, dining, and entertainment options at The Shops at Town Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AglaeaPharma Corporate Office Amador Bioscience Factory Barinthus Biotherapeutics North ... Corporate Office Cellicure Inc Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Germantown
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2664
    Latitude
    39.1913

    Nearby Similar for Lease

    • $20,000/Mo

      Germantown Retail Space For Lease

      Highly visible commercial building with unbeatable exposure and ample parking.
      19201 FREDERICK Road, GERMANTOWN, MD 20876
      View Details
    • Sponsored
      $129-$5,546/Mo
      11-1,292 SF

      Milestone Business Park

      12410 Milestone Center Dr, Unit 600, Germantown, MD 20876
      View Details
    • Contact for pricing
      2,203 SF

      R&D and Lab Redevelopment

      R&D and lab space available for lease in Germantown.
      20440 Century Blvd, Germantown, MD 20874
      View Details
    • Contact for pricing
      3,669 SF

      Germantown Freestanding Bank Branch

      Freestanding bank branch with drive-thru in Germantown, Maryland.
      19501 N Frederick Rd, Germantown, MD,
      View Details
    • Contact for pricing
      156,637 SF

      Germantown Office Building For Rent

      Class A office building with 156,637 square feet available.
      12420 Milestone Center Dr, Germantown, MD 20876
      View Details
    • Contact for pricing
      1,265 SF

      Retail Space Available For Rent

      Retail space available for rent in Germantown, Maryland.
      19847 Century Blvd, Germantown, MD 20874
      View Details
    • $18 SF/Yr
      5,400 SF

      Germantown Flex / Industrial Space

      Flex and industrial space available for lease in Germantown.
      13220 Wisteria Dr, Germantown, MD
      View Details
    • $20,000/Mo

      High-Visibility Retail Space Available

      Flexible retail space with ample parking and high street exposure.
      19201 Frederick Rd, GERMANTOWN, MD 20876
      View Details
    • Contact for pricing
      1,140 SF

      Germantown Retail Space Available

      Retail space available in Germantown Commons shopping center.
      13038 Middlebrook Rd, Germantown, MD
      View Details
    • Contact for pricing
      16,242 SF

      Germantown Flex Space Available

      Flex space available for rent in Germantown, Maryland.
      12920 Cloverleaf Center Drive, Germantown, Maryland 20874
      View Details
    • Contact for pricing
      1,040 SF

      Office Space with Natural Light

      Office space featuring natural light, kitchenette, and ramp access.
      19809 Executive Park Cir, Germantown, MD 20874
      View Details
    • $27 SF/Yr
      1,830 SF

      Office Space in Germantown

      Office space available for lease in Germantown, Maryland.
      19785 Crystal Rock Dr, Germantown, MD
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story Class A building in Germantown's premier commercial corridor.
    Where is this office building located?
    The property is located at 20400 Century Boulevard Germantown, MD.
    What are key features of this property?
    This property features: Class A lab/manufacturing/office building; 80,020 RSF with **40,000 RSF floor plates**; Newly renovated common areas
    (301) 215-4114
    We can help!
    Listing Contact
    Frank Graybeal
    Frank Graybeal
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20400 Century Boulevard, Germantown, MD, 20874
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!