Medical Office Suite with Exam
6 EXECUTIVE PARK COURT #30-1, Germantown, MD 20874
For Sale
New
$299,900
A reception area, private workroom and patient rooms create a functional layout for medical practice.
Property Size956 SF
Price / SF$313.70
Days on Market5
Property Features for 6 EXECUTIVE PARK COURT #30-1
General Information
Standard status
Size
Property subtype
Space & Availability
Condition
Furnished
Additional Details
Office Units
Property Use
Amenities
waiting room
reception window
workroom
exam rooms
sinks
soaring ceilings
natural light
in-suite bathroom
Building Details
Year Built
Listing Agency:
RE/MAX Real Estate Connections
(703) 659-1109
Listed By:
Shannon A Lauren-Connor · License MD #0225041378
(703) 282-7583
Source:
Cummingsrealtors
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:16PM
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 RE/MAX Real Estate Connections
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Investment Insights
Based on property information with market context.
This 956 SF medical office suite, built in 2000, includes a waiting room, reception window, three exam rooms and a separate workroom or private office. Two exam rooms have sinks; two additional sinks and a private bathroom are also included. High ceilings and natural light contribute to the interior, and some furnishings are in place. A separate entrance serves the workroom or office area.
Sidewalk access and on-site parking serve the property. The adjoining Unit 4 may also be purchased; it is currently leased to a long-term medical professional, and its lease terms may be negotiated.
Sidewalk access and on-site parking serve the property. The adjoining Unit 4 may also be purchased; it is currently leased to a long-term medical professional, and its lease terms may be negotiated.
Key Highlights
- 956 SF medical office suite built in 2000
- Three exam rooms, including two with sinks
- Waiting area, reception window and separate workroom or office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,035
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,700
$300.7K
Cap Rate 7%
$214,786
$214.8K
Cap Rate 9%
$167,056
$167.1K
Market Conditions
NOI Build-Up for 956 SF
Gross rent
$30.9K $32.28/SF
− Vacancy
−$5.8K −$6.07/SF
EGI
$25.1K $26.21/SF
− OpEx
−$10.0K −$10.48/SF
NOI
$15.0K $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%
$300,700
Cap Rate 7%
$214,786
Cap Rate 9%
$167,056
Alternative Uses
Best Use
Healthcare Medical
$214.8K
$187.9K – $250.6K
NOI $15,035 @ 7.0% cap · market cap 5.01%
Second Best
Office B
$166.9K
$146.1K – $194.7K
NOI $11,684 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$336.3K
$294.3K – $392.4K
NOI $23,541 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,580
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20874, MD
62,908
Population
23,081
Households
2.7
Avg Household Size
37
Median Age
49%
College-Educated
90%
High-School Grad
22.7 sq mi
ZIP Area
2,771
Density / Sq Mi
$109,648
Median Household Income
$57,436
Median Earnings
$1,938
Median Rent
$385,300
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Montgomery County, MD
Properties on Market for Medical Office Space in Montgomery County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Petco Vaccination Clinic — 12960 Middlebrook Road #520A, Germantown, MD 20874
- Thrive Pet Healthcare - Germantown — 19728 Germantown Rd, Germantown, MD 20874
- Germantown Veterinary Clinic — 19911 Father Hurley Blvd, Germantown, MD 20874
Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception area, private workroom and patient rooms create a functional layout for medical practice.
Where is this medical office space located?
The property is located at 6 EXECUTIVE PARK COURT #30-1 Germantown, MD.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 956 SF medical office suite built in 2000; Three exam rooms, including two with sinks; Waiting area, reception window and separate workroom or office
