Medical Office Suite For
For Sale
$205,000
438 N Frederick Ave Unit 320, Gaithersburg, MD 20877
Small office suite with reception, offices, and kitchenette.
Property Size697 SF
Price / SF$294.12
Days on Market208
Property Features for 438 N Frederick Ave Unit 320
General Information
Standard status
Active
Size
697 SF
Building Details
Year Built
2022
Listing Agency:
Century 21 Redwood Realty
Listed By:
Melissa M Atherholt · License #RSR003093
(301) 208-2288
Source:
Soldbypattie
Added: Mar 12
Changed: Oct 3
Last Checked: Oct 4 at 1:57PM
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
Investment Insights
Based on property information with market context.
This is a small suite suitable for various businesses. The space is built out into several small offices and a reception area. It was previously used as a wellness center or medical office. The suite includes a windowed reception and administrative area, a lobby, three offices, and a small kitchenette with a refrigerator. There are two to three windowed offices and one interior office. Ample free parking is available for employees and clients. The Homeowner Association (HOA) fee is approximately $637 per year.
Key Highlights
- Move‑in ready small office suite, previously used as a wellness/medical office.
- Built‑out with reception area, lobby, 3 offices (2‑3 with windows), and kitchenette.
- Ample free parking for employees and clients.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,962
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,240
$219.2K
Cap Rate 7%
$156,600
$156.6K
Cap Rate 9%
$121,800
$121.8K
Market Conditions
NOI Build-Up for 697 SF
Gross rent
$22.5K $32.28/SF
− Vacancy
−$4.2K −$6.07/SF
EGI
$18.3K $26.21/SF
− OpEx
−$7.3K −$10.48/SF
NOI
$11.0K $15.73/SF
Area
Montgomery County, MD
Vacancy
18.80%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,240
Cap Rate 7%
$156,600
Cap Rate 9%
$121,800
Alternative Uses
Best Use
Healthcare Medical
$156.6K
$137.0K – $182.7K
NOI $10,962 @ 7.0% cap · market cap 5.35%
Second Best
Office B
$121.7K
$106.5K – $142.0K
NOI $8,518 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$245.2K
$214.5K – $286.1K
NOI $17,163 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,410
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Small office suite with reception, offices, and kitchenette.
Where is this medical office space located?
The property is located at 438 N Frederick Ave Unit 320 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Move‑in ready small office suite, previously used as a wellness/medical office.; Built‑out with reception area, lobby, 3 offices (2‑3 with windows), and kitchenette.; Ample free parking for employees and clients.
