Move-In-Ready Second-Floor
For Sale
Contact for pricing
4300 Montgomery Ave, Bethesda, MD 20814
Second-floor office suite offers four private offices, an open workstation area, and newly renovated move-in-ready condition.
Property Size1,175 SF
Price / SF$339.57
Days on Market479
Property Features for 4300 Montgomery Ave
General Information
Standard status
Active
Size
1,175 SF
Total Parking Spaces
2
Property subtype
OFFICE
Amenities
Convenient covered garage parking
Free visitor parking
Beautifully landscaped common areas
Professional Property Management
State of the art Electronic Security System
Recently installed dedicated HVAC system
Energy efficient double-paned operable windows
Building Details
Year Renovated
2023
Listing Agency:
CBRE | Bethesda
(301) 654-0800
Listed By:
Adam Williamowsky
(301) 980-2468
Source:
Moodyscre
Added: May 27, 2025
Changed: Sep 15
Last Checked: Sep 16 at 5:29PM
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 CBRE | Bethesda
Investment Insights
Based on property information with market context.
This second-floor office suite is newly renovated as of January 2023 and ready for immediate occupancy. The flexible interior layout includes four private offices plus a large open area well suited for workstations. Interior finishes feature hardwood laminate flooring, attractive drywall ceilings, and energy-efficient double-paned operable windows.
The suite is accessed within a professionally managed building with beautifully landscaped common areas. Parking is available with convenient covered garage parking, along with free visitor parking. The unit also includes two reserved and marked parking spaces in the building garage.
On the systems side, the suite benefits from a recently installed dedicated HVAC system and a state-of-the-art electronic security system, supporting a controlled and comfortable work environment.
The suite is accessed within a professionally managed building with beautifully landscaped common areas. Parking is available with convenient covered garage parking, along with free visitor parking. The unit also includes two reserved and marked parking spaces in the building garage.
On the systems side, the suite benefits from a recently installed dedicated HVAC system and a state-of-the-art electronic security system, supporting a controlled and comfortable work environment.
Key Highlights
- Second‑floor office suite with four private offices plus a large open workstation area
- Newly renovated in January 2023 and move‑in ready
- Hardwood laminate floors and drywall ceilings throughout
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
$14,360
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
3.60%
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%
$287,200
$287.2K
Cap Rate 7%
$205,143
$205.1K
Cap Rate 9%
$159,556
$159.6K
Market Conditions
NOI Build-Up for 1,175 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
$23.1K $19.68/SF
− Vacancy
−$4.0K −$3.38/SF
EGI
$19.1K $16.30/SF
− OpEx
−$4.8K −$4.07/SF
NOI
$14.4K $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%
$287,200
Cap Rate 7%
$205,143
Cap Rate 9%
$159,556
Alternative Uses
Best Use
Office B
$205.1K
$179.5K – $239.3K
NOI $14,360 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$413.3K
$361.7K – $482.2K
NOI $28,934 @ 7.0% cap · market cap 7.25%
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
6,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 20814, MD
31,919
Population
15,388
Households
2.1
Avg Household Size
41
Median Age
84%
College-Educated
98%
High-School Grad
4.5 sq mi
ZIP Area
7,093
Density / Sq Mi
$150,401
Median Household Income
$90,050
Median Earnings
$2,329
Median Rent
$976,500
Median Home Value
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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?
Office units - Second-floor office suite offers four private offices, an open workstation area, and newly renovated move-in-ready condition.
Where is this office units located?
The property is located at 4300 Montgomery Ave Bethesda, MD.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Second‑floor office suite with four private offices plus a large open workstation area; Newly renovated in January 2023 and move‑in ready; Hardwood laminate floors and drywall ceilings throughout
