Office Condo Units with Front Door
4 Professional Dr, Gaithersburg, MD 20879
For Sale
Contact for pricing
Two middle-level units are step-free, with private restrooms and occupant-controlled HVAC for 24-hour operation.
Property Size1,980 SF
Price / SF$140.91
Days on Market833
Property Features for 4 Professional Dr
General Information
Standard status
Size
Property subtype
Financials
Asking Price
HOA Fee
Additional Details
Floor
Office Units
Amenities
conference rooms
kitchenette
occupant controlled heating/cooling systems
Listing Agency:
Jay Clogg Realty Group, Inc.
(301) 340-9400
Listed By:
Jay Clogg · License MD #67699
Source:
Moodyscre
Added: Jul 31, 2024
Changed: Oct 26
Last Checked: Nov 10 at 10:46AM
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-style offering totals approximately 5,670 SF and is configured as two middle-level units (no steps) and four upper-level units (one flight of steps up). Each unit includes multiple offices plus conference room and kitchenette areas, and there is one restroom in each unit.
The property is available for sale or lease in pairs of approximately 1,890 SF, with options to purchase or lease 1,890 SF, 3,780 SF, or the full 5,670 SF. Parking is available at the front door for convenient day-to-day access. Heating and cooling are occupant controlled, supporting 24-hour use.
Units are set up for an owner-operator or business needing multiple office spaces within a condo arrangement, with restroom capacity distributed across each unit for tenant convenience.
The property is available for sale or lease in pairs of approximately 1,890 SF, with options to purchase or lease 1,890 SF, 3,780 SF, or the full 5,670 SF. Parking is available at the front door for convenient day-to-day access. Heating and cooling are occupant controlled, supporting 24-hour use.
Units are set up for an owner-operator or business needing multiple office spaces within a condo arrangement, with restroom capacity distributed across each unit for tenant convenience.
Key Highlights
- Approximately 5,670 SF total office condo configuration
- Available in pairs of approximately 1,890 SF (options for 1,890 SF, 3,780 SF, or 5,670 SF)
- Two middle‑level units are step‑free; four upper‑level units require one flight of steps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,198
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,960
$484.0K
Cap Rate 7%
$345,686
$345.7K
Cap Rate 9%
$268,867
$268.9K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$39.0K $19.68/SF
− Vacancy
−$6.7K −$3.38/SF
EGI
$32.3K $16.30/SF
− OpEx
−$8.1K −$4.07/SF
NOI
$24.2K $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%
$483,960
Cap Rate 7%
$345,686
Cap Rate 9%
$268,867
Alternative Uses
Best Use
Office B
$345.7K
$302.5K – $403.3K
NOI $24,198 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$696.5K
$609.5K – $812.6K
NOI $48,756 @ 7.0% cap · market cap 17.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
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Business Placement
Demographics for 20879, MD
26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Gaithersburg, MD
Properties on Market for Office Units in Gaithersburg
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two middle-level units are step-free, with private restrooms and occupant-controlled HVAC for 24-hour operation.
Where is this office unit located?
The property is located at 4 Professional Dr Gaithersburg, MD.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Approximately 5,670 SF total office condo configuration; Available in pairs of approximately 1,890 SF (options for 1,890 SF, 3,780 SF, or 5,670 SF); Two middle‑level units are step‑free; four upper‑level units require one flight of steps
