Upper-Level Medical Office
26227 RIDGE ROAD Damascus, MD 20872
For Sale
$159,000
Upper-level commercial condominium features a bright, carpeted layout with a large open office area and half bathroom.
Property Size869 SF
Price / SF$182.97
Days on Market158
Property Features for 26227 RIDGE ROAD
General Information
- Standard status
- Active
- Size
- 869 SF
- Property subtype
- Office
Building Details
- Year Built
- 2004
Listing Agency:
Keller Williams Lucido Agency
(410) 465-6900
Listed By:
Robert Lucido · License #5683002
(410) 465-6900
Source:
Xome
Added: Feb 16
Changed: Jul 24
Last Checked: Jul 24 at 5:21AM
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 Keller Williams Lucido Agency
Investment Insights
Based on property information with market context.
This upper-level commercial condominium is located within an established office building and was previously utilized for medical use. The space features a bright, carpeted interior with abundant natural light and chair rail detailing. A functional large open layout provides flexibility for a variety of applications, flowing from a reception or lobby area into a generously sized open office area. A convenient half bathroom supports day-to-day office needs.
The property is positioned just off a main road with visibility and accessibility. A large shared parking lot provides parking for clients and staff, and the surrounding area includes a mix of established businesses. Convenient access to Routes 108 and 27 supports connectivity for commuters and clientele.
Offered as a condominium opportunity, the unit provides an open, reception-to-office configuration suitable for an organization looking for a flexible office environment within a multi-tenant office setting.
The property is positioned just off a main road with visibility and accessibility. A large shared parking lot provides parking for clients and staff, and the surrounding area includes a mix of established businesses. Convenient access to Routes 108 and 27 supports connectivity for commuters and clientele.
Offered as a condominium opportunity, the unit provides an open, reception-to-office configuration suitable for an organization looking for a flexible office environment within a multi-tenant office setting.
Key Highlights
- Upper‑level commercial condominium in the Damascus Square office building
- Bright carpeted interior with abundant natural light and chair rail detailing
- Large open layout previously used for medical—well‑suited for a variety of business uses
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $32.28 |
| − Vacancy | −$5.3k | −$6.07 |
| EGI | $22.8k | $26.21 |
| − OpEx | −$9.1k | −$10.48 |
| NOI | $13.7k | $15.73 |
869 SF · lease $32.28/SF/yr · vacancy 18.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$195.2K
$170.8K – $227.8K
NOI $13,667 @ 7.0% cap · market cap 8.60%
Second Best
Office B
$151.7K
$132.8K – $177.0K
NOI $10,620 @ 7.0% cap · market cap 6.68%
Theoretical Best
Specialty Retail
$305.7K
$267.5K – $356.7K
NOI $21,399 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sebring Boone Mortgage
Loan Service
Similar Off Market Nearby
- Paws & Claws Animal Hospital — 9811 Main St #103, Damascus, MD 20872
FAQs
What type of property is this?
Medical Office Space - Upper-level commercial condominium features a bright, carpeted layout with a large open office area and half bathroom.
Where is this medical office space located?
The property is located at 26227 RIDGE ROAD Damascus, MD.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Upper‑level commercial condominium in the Damascus Square office building; Bright carpeted interior with abundant natural light and chair rail detailing; Large open layout previously used for medical—well‑suited for a variety of business uses
