Leased Office
438 Frederick Road, Gaithersburg, MD 20879
For Sale
Contact for pricing
The suite is occupied under a lease extending through June 2029.
Property Size6,180 SF
Price / SF$200
Days on Market15
Property Features for 438 Frederick Road
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Listing Agency:
Scheer Partners
Listed By:
David Edgerley
(301) 943-9762
Source:
Crexi
Added: Oct 30
Changed: Nov 11
Last Checked: Nov 12 at 7:33AM
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 Scheer Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office Suite 240 contains 6,180 square feet and is leased through June 2029. The property is in Gaithersburg, Maryland.
Key Highlights
- 6,180‑square‑foot office suite
- Lease term runs through June 2029
- Suite 240 in Gaithersburg, Maryland
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,528
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,510,560
$1.5M
Cap Rate 7%
$1,078,971
$1.1M
Cap Rate 9%
$839,200
$839.2K
Market Conditions
NOI Build-Up for 6,180 SF
Gross rent
$121.6K $19.68/SF
− Vacancy
−$20.9K −$3.38/SF
EGI
$100.7K $16.30/SF
− OpEx
−$25.2K −$4.07/SF
NOI
$75.5K $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%
$1,510,560
Cap Rate 7%
$1,078,971
Cap Rate 9%
$839,200
Alternative Uses
Best Use
Office B
$1.08M
$944.1K – $1.26M
NOI $75,528 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.17M
$1.90M – $2.54M
NOI $152,179 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
$433,500
Median Home Value
Market
Average Price Trend$/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 - The suite is occupied under a lease extending through June 2029.
Where is this office unit located?
The property is located at 438 Frederick Road Gaithersburg, MD.
What is the asking price?
The asking price for this property is $1,236,000.
What are key features of this property?
This property features: 6,180‑square‑foot office suite; Lease term runs through June 2029; Suite 240 in Gaithersburg, Maryland
