Pasadena Medical Office
For Sale
Contact for pricing
3708 Mountain Rd, Pasadena, MD
Fully leased medical office building in prime Pasadena location.
Property Size11,397 SF
Lot Size0.93 Acres
Price / SF$350.97
Days on Market311
Property Features for 3708 Mountain Rd
General Information
Standard status
Active
Size
11,397 SF
Lot size
0.93 Acres
Property subtype
RETAIL
Listing Agency:
Colliers | Washington DC
(202) 534-3000
Listed By:
Chandler Pace
(804) 306-5147
Source:
Moodyscre
Added: Nov 28, 2025
Changed: Oct 5
Last Checked: Oct 5 at 7:31PM
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 Colliers | Washington DC
Investment Insights
Based on property information with market context.
The property is a medical office building located in the Pasadena submarket, which features a near-zero medical office vacancy rate. Constructed in 2000, the building offers 11397 square feet of space. It is situated on the main commercial corridor, directly across from the upcoming Jacobsville Town Center development. The building is 100% leased to the University of Maryland Medical Group through November 2030. The property is separately metered and features parking. It is positioned to provide immediate cash flow.
Key Highlights
- 100% Leased to Credit Tenant: Leased through November 2030 by the University of Maryland Medical Group, providing stable income.
- Prime Submarket Location: Located in the Pasadena Submarket with a near‑zero medical office vacancy rate.
- Strategic Growth Hub: Situated on the main commercial corridor, directly across from the new Jacobsville Town Center development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,245
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,304,900
$3.3M
Cap Rate 7%
$2,360,643
$2.4M
Cap Rate 9%
$1,836,056
$1.8M
Market Conditions
NOI Build-Up for 11,397 SF
Gross rent
$307.7K $27.00/SF
− Vacancy
−$32.3K −$2.84/SF
EGI
$275.4K $24.17/SF
− OpEx
−$110.2K −$9.67/SF
NOI
$165.2K $14.50/SF
Area
Anne Arundel County, MD
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,304,900
Cap Rate 7%
$2,360,643
Cap Rate 9%
$1,836,056
Alternative Uses
Best Use
Healthcare Medical
$2.36M
$2.07M – $2.75M
NOI $165,245 @ 7.0% cap · market cap 4.13%
Second Best
Office B
$1.14M
$998.8K – $1.33M
NOI $79,904 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$3.33M
$2.92M – $3.89M
NOI $233,374 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office building in prime Pasadena location.
Where is this medical office space located?
The property is located at 3708 Mountain Rd Pasadena, MD.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 100% Leased to Credit Tenant: Leased through November 2030 by the University of Maryland Medical Group, providing stable income.; Prime Submarket Location: Located in the Pasadena Submarket with a near‑zero medical office vacancy rate.; Strategic Growth Hub: Situated on the main commercial corridor, directly across from the new Jacobsville Town Center development.
