Gaithersburg Office Units For
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4 Professional Dr, Gaithersburg, MD 20879
Two connected office units with multiple offices, conference rooms, kitchenette.
Property Size1,890 SF
Price / SF$147.62
Days on Market975
Property Features for 4 Professional Dr
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Office
Building Details
Units
2
Listing Agency:
Jay Clogg Realty Group Inc
(301) 340-9400
Listed By:
Jay Clogg · License #MD 67699
Source:
Crexi
Added: Dec 20, 2023
Changed: Aug 21
Last Checked: Aug 20 at 10:26AM
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.
The property offers approximately 1,890 square feet of space, comprising two connected second-floor office units. The layout includes multiple offices, conference rooms, and a kitchenette. Each unit is equipped with its own restroom. An electric chair lift provides access to the second floor. The property benefits from ample free parking located at the front. Occupant-controlled heating and cooling systems enable 24-hour use. Each condominium unit has separate HVAC systems and electric meters. Custom built-in shelving and bookcases are already installed. Furniture is available at no additional cost. The combined condo fee for both units is $580 per month. The combined real estate taxes for both condos are $4,811.26 for the period of 7/1/25-6/30/26.
Key Highlights
- Abundant free parking at front door
- Occupant controlled heating/cooling systems for 24‑hour use
- Separate HVAC systems and separate electric meters in each condo
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
$23,098
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
8.28%
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%
$461,960
$462.0K
Cap Rate 7%
$329,971
$330.0K
Cap Rate 9%
$256,644
$256.6K
Market Conditions
NOI Build-Up for 1,890 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
$37.2K $19.68/SF
− Vacancy
−$6.4K −$3.38/SF
EGI
$30.8K $16.30/SF
− OpEx
−$7.7K −$4.07/SF
NOI
$23.1K $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%
$461,960
Cap Rate 7%
$329,971
Cap Rate 9%
$256,644
Alternative Uses
Best Use
Office B
$330.0K
$288.7K – $385.0K
NOI $23,098 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$664.9K
$581.8K – $775.7K
NOI $46,540 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
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
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 - Two connected office units with multiple offices, conference rooms, kitchenette.
Where is this office units 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: Abundant free parking at front door; Occupant controlled heating/cooling systems for 24‑hour use; Separate HVAC systems and separate electric meters in each condo
