Office Unit with Conference
For Sale
$230,000
438 N FREDERICK AVE #440 440, Gaithersburg, MD 20877
Configured for small-business occupancy with kitchen access and parking for occupants and clients.
Property Size1,192 SF
Price / SF$192.95
Days on Market88
Property Features for 438 N FREDERICK AVE #440 440
General Information
Standard status
Active
Size
1,192 SF
Additional Details
Office Units
1
Amenities
conference room
kitchen
Building Details
Tenancy
Single
Listing Agency:
Century 21 Redwood Realty
(301) 208-2288
Listed By:
Melissa M Atherholt · License #RSR003093
(240) 674-2932
Source:
Careyrealtygroup
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 14 at 10:24PM
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 Century 21 Redwood Realty
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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.
Suite 440 at 438 N Frederick Ave in Gaithersburg provides 1,192 square feet of office space suited to a small-business operation. The suite is supported by access to a large conference room and kitchen located on the same floor, along with parking for business users and visitors.
An existing lease remains in place through 2/28/26. Additional suites are available within the same building and on the same floor, creating options for buyers or occupants evaluating a multi-suite setting.
An existing lease remains in place through 2/28/26. Additional suites are available within the same building and on the same floor, creating options for buyers or occupants evaluating a multi-suite setting.
Key Highlights
- 1,192 sq ft office suite at 438 N FREDERICK AVE #440, Gaithersburg, MD 20877
- Lease in place through 2/28/26
- Large conference room and kitchen available on the same floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,568
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,360
$291.4K
Cap Rate 7%
$208,114
$208.1K
Cap Rate 9%
$161,867
$161.9K
Market Conditions
NOI Build-Up for 1,192 SF
Gross rent
$23.5K $19.68/SF
− Vacancy
−$4.0K −$3.38/SF
EGI
$19.4K $16.30/SF
− OpEx
−$4.9K −$4.07/SF
NOI
$14.6K $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%
$291,360
Cap Rate 7%
$208,114
Cap Rate 9%
$161,867
Alternative Uses
Best Use
Office B
$208.1K
$182.1K – $242.8K
NOI $14,568 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$419.3K
$366.9K – $489.2K
NOI $29,352 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 20877, MD
37,577
Population
13,599
Households
2.8
Avg Household Size
36
Median Age
35%
College-Educated
76%
High-School Grad
5.6 sq mi
ZIP Area
6,710
Density / Sq Mi
$86,103
Median Household Income
$39,341
Median Earnings
$1,862
Median Rent
$462,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Configured for small-business occupancy with kitchen access and parking for occupants and clients.
Where is this office units located?
The property is located at 438 N FREDERICK AVE #440 440 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,192 sq ft office suite at 438 N FREDERICK AVE #440, Gaithersburg, MD 20877; Lease in place through 2/28/26; Large conference room and kitchen available on the same floor
