Connected Office Condos, One
4 Professional Drive Suites 128 & 129 Gaithersburg, MD 20879
New
For Sale
Contact for pricing
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$174.07
Days on Market4
Property Features for 4 Professional Drive Suites 128 & 129
General Information
- Standard status
- Active
- Size
- 1,890 SF
- Property subtype
- Office
Listing Agency:
Jay Clogg Realty Group Inc
(301) 340-9400
Listed By:
Jay Clogg · License #MD 67699
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 1:46AM
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
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 For Office B
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 | $37.2k | $19.68 |
| − Vacancy | −$6.4k | −$3.38 |
| EGI | $30.8k | $16.30 |
| − OpEx | −$7.7k | −$4.07 |
| NOI | $23.1k | $12.22 |
1,890 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$330.0K
$288.7K – $385.0K
NOI $23,098 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$664.9K
$581.8K – $775.7K
NOI $46,540 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Family Dental Practice
Dental Office
Limparis Donna L ...
Dental Office
Shah & Associates Inc
Professional Services
OMNI Solutions Group
(Bike/Boat/Book/etc) Store
Starport Property Services ...
Property Management Company
FAQs
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 $329,000.
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.
