Open-Plan Office
For Sale
$230,000
438 N FREDERICK AVE #455 455, Gaithersburg, MD 20877
Configured with computer-server improvements, glass-enclosed offices, and shared kitchen and conference facilities.
Property Size888 SF
Price / SF$259.01
Days on Market57
Property Features for 438 N FREDERICK AVE #455 455
General Information
Standard status
Active
Size
888 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
kitchen
conference room
Listing Agency:
Century 21 Redwood Realty
(301) 208-2288
Listed By:
Melissa M Atherholt · License #RSR003093
(240) 674-2932
Source:
360
Added: Aug 20
Changed: Oct 1
Last Checked: Oct 14 at 11:05PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 888-square-foot office unit at the Fairview Building features an open work area supported by upgrades for computer servers. The layout also includes two semi-private executive offices enclosed in glass, each with window views. A kitchen and conference room are available on the same floor for shared use.
Two spaces, identified as #435 and #455, are available for businesses requiring additional square footage. The property includes free parking for employees and customers, while both available spaces offer views toward the Montgomery County Fairgrounds. The unit is offered for sale or lease.
Two spaces, identified as #435 and #455, are available for businesses requiring additional square footage. The property includes free parking for employees and customers, while both available spaces offer views toward the Montgomery County Fairgrounds. The unit is offered for sale or lease.
Key Highlights
- 888‑square‑foot office unit in the Fairview Building
- Open workfloor upgraded for computer servers
- 2 semi‑private glass‑enclosed executive offices with window views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,852
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,040
$217.0K
Cap Rate 7%
$155,029
$155.0K
Cap Rate 9%
$120,578
$120.6K
Market Conditions
NOI Build-Up for 888 SF
Gross rent
$17.5K $19.68/SF
− Vacancy
−$3.0K −$3.38/SF
EGI
$14.5K $16.30/SF
− OpEx
−$3.6K −$4.07/SF
NOI
$10.9K $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%
$217,040
Cap Rate 7%
$155,029
Cap Rate 9%
$120,578
Alternative Uses
Best Use
Office B
$155.0K
$135.7K – $180.9K
NOI $10,852 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$312.4K
$273.3K – $364.4K
NOI $21,866 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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 with computer-server improvements, glass-enclosed offices, and shared kitchen and conference facilities.
Where is this office units located?
The property is located at 438 N FREDERICK AVE #455 455 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: 888‑square‑foot office unit in the Fairview Building; Open workfloor upgraded for computer servers; 2 semi‑private glass‑enclosed executive offices with window views
