Class A Office
438 N Frederick Ave Ste 225, Gaithersburg, MD 20877
For Sale
Contact for pricing
Secure glass entry doors face the building corridor, providing visibility from the common hallway.
Property Size2,272 SF
Price / SF$190
Days on Market21
Property Features for 438 N Frederick Ave Ste 225
General Information
Standard status
Size
Class
Property subtype
Additional Details
Property Use
Listing Agency:
CapStar Commercial Realty
Listed By:
John P. Lin · License MD #318697
(240) 813-2088
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 10 at 8:53AM
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 CapStar Commercial 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.
This Class A office condominium contains 2,272 square feet within the Fairview Building. Its entry is fitted with security glass doors positioned toward the interior hallway. The property is at 438 N Frederick Ave, Suite 225, in Gaithersburg, Maryland.
Key Highlights
- 2,272‑square‑foot office condominium
- Class A designation
- Security glass entry doors oriented toward the building hallway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,767
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,340
$555.3K
Cap Rate 7%
$396,671
$396.7K
Cap Rate 9%
$308,522
$308.5K
Market Conditions
NOI Build-Up for 2,272 SF
Gross rent
$44.7K $19.68/SF
− Vacancy
−$7.7K −$3.38/SF
EGI
$37.0K $16.30/SF
− OpEx
−$9.3K −$4.07/SF
NOI
$27.8K $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%
$555,340
Cap Rate 7%
$396,671
Cap Rate 9%
$308,522
Alternative Uses
Best Use
Office B
$396.7K
$347.1K – $462.8K
NOI $27,767 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$799.2K
$699.3K – $932.5K
NOI $55,947 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,410
Businesses Nearby
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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
$462,500
Median Home Value
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Market
Average Price Trend$/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 - Secure glass entry doors face the building corridor, providing visibility from the common hallway.
Where is this office unit located?
The property is located at 438 N Frederick Ave Ste 225 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $431,680.
What are key features of this property?
This property features: 2,272‑square‑foot office condominium; Class A designation; Security glass entry doors oriented toward the building hallway
