Connected Office Condos, One
For Sale
Contact for pricing
4 Professional Drive Suites 128 & 129, Gaithersburg, MD 20879
Two connected office condos are offered together, fully finished with a reception, windowed offices, conference room, open work area, and two restrooms.
Property Size1,890 SF
Price / SF$158.20
Days on Market78
Property Features for 4 Professional Drive Suites 128 & 129
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Office
Building Details
Buildings
1
Stories
1
Listing Agency:
Jay Clogg Realty Group Inc
Listed By:
Jay Clogg · License #MD 67699
(301) 340-9400
Source:
Crexi
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 5 at 4:45PM
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.
Two connected office condos are being sold together, totaling approximately 1,890 saleable square feet and located on one level with no steps. The current buildout includes a reception area, four large windowed offices, a large windowed conference room, a large windowed open work area, and two restrooms.
The property provides abundant free parking at the front door. It is located just off Route 355, with access to both the Montgomery Village Avenue and Watkins Mill Road exits off I-270.
The condos are sold together with a combined condo fee of $580 per month that includes water/sewer, structural fire insurance, roof, parking lot, snow plowing, grass cutting, common trash and recycling containers, and professional management.
The property provides abundant free parking at the front door. It is located just off Route 355, with access to both the Montgomery Village Avenue and Watkins Mill Road exits off I-270.
The condos are sold together with a combined condo fee of $580 per month that includes water/sewer, structural fire insurance, roof, parking lot, snow plowing, grass cutting, common trash and recycling containers, and professional management.
Key Highlights
- Two connected office condos sold together with approx. 1,890 total saleable SF on one level (no steps).
- Move‑in‑ready interior includes reception, four large windowed offices, a large windowed conference room, open work area, and two restrooms.
- Abundant free parking at the front door.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,098
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
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
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 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 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$664.9K
$581.8K – $775.7K
NOI $46,540 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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 condos are offered together, fully finished with a reception, windowed offices, conference room, open work area, and two restrooms.
Where is this office units located?
The property is located at 4 Professional Drive Suites 128 & 129 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two connected office condos sold together with approx. 1,890 total saleable SF on one level (no steps).; Move‑in‑ready interior includes reception, four large windowed offices, a large windowed conference room, open work area, and two restrooms.; Abundant free parking at the front door.
