Office Suite with Glass
For Sale
$230,000
455-438 N Frederick Ave, Gaithersburg, MD 20877
Two semi-private glass offices complement an open work area.
Property Size888 SF
Price / SF$259.01
Days on Market438
Property Features for 455-438 N Frederick Ave
General Information
Standard status
Active
Size
888 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,910
Amenities
kitchen
conference room
Listing Agency:
Century 21 Redwood Realty
(301) 208-2288
Listed By:
Melissa M Atherholt · License #RSR003093
(240) 674-2932
Source:
Exprealty
Added: Aug 19, 2025
Changed: Oct 26
Last Checked: Oct 28 at 9:16AM
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 suite has an open work area configured for computer servers and two semi-private glass offices with window views. A kitchen and conference room are available on the same floor, and the building provides free parking for employees and visitors.
The suite is in the Fairview Building on Rockville Pike, minutes from I-270, with views of the Montgomery County Fairgrounds.
The suite is in the Fairview Building on Rockville Pike, minutes from I-270, with views of the Montgomery County Fairgrounds.
Key Highlights
- 888‑square‑foot suite with an open work area and two semi‑private glass offices
- Open work area upgraded for computer servers
- Same‑floor kitchen and conference room
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
2,410
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 unit - Two semi-private glass offices complement an open work area.
Where is this office unit located?
The property is located at 455-438 N Frederick Ave 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 suite with an open work area and two semi‑private glass offices; Open work area upgraded for computer servers; Same‑floor kitchen and conference room
