Updated Medical Office For
604 S Frederick Ave Unit 23, Gaithersburg, MD 20877
For Sale
$400,000
Move-in ready medical office in Montgomery County, Maryland.
Property Size940 SF
Price / SF$425.53
Days on Market248
Property Features for 604 S Frederick Ave Unit 23
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
HelpAmerica Properties
Listed By:
Sherwin L Wells · License #582915
(240) 483-5057
Source:
Dhgsells
Added: Mar 5
Changed: Oct 25
Last Checked: Oct 5 at 8:33PM
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 HelpAmerica Properties
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Investment Insights
Based on property information with market context.
This recently updated medical office is available for immediate sale, suitable for a medical professional or business seeking to establish operations in Montgomery County, Maryland. The property is conveniently located along MD-355 and Deer Park Road, with access to Ride-On Public Transportation Bus Routes and proximity to Shady Grove Hospital. This presents an excellent opportunity to establish a practice or professional office with minimal startup cost. The space is move-in ready and currently configured as a medical office. It is an ideal location for solo medical practitioners or an office professional, and could suit a doctor, lawyer, accountant, or other business professional.
Key Highlights
- Move‑in ready, recently updated medical office space.
- Excellent location along MD‑355 and Deer Park Road.
- Close proximity to Shady Grove Hospital.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,783
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,660
$295.7K
Cap Rate 7%
$211,186
$211.2K
Cap Rate 9%
$164,256
$164.3K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$30.3K $32.28/SF
− Vacancy
−$5.7K −$6.07/SF
EGI
$24.6K $26.21/SF
− OpEx
−$9.9K −$10.48/SF
NOI
$14.8K $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%
$295,660
Cap Rate 7%
$211,186
Cap Rate 9%
$164,256
Alternative Uses
Best Use
Healthcare Medical
$211.2K
$184.8K – $246.4K
NOI $14,783 @ 7.0% cap · market cap 3.70%
Second Best
Office B
$164.1K
$143.6K – $191.5K
NOI $11,488 @ 7.0% cap · market cap 2.87%
Theoretical Best
Specialty Retail
$330.7K
$289.3K – $385.8K
NOI $23,147 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Under-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
$462,500
Median Home Value
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Market
Average Price Trend$/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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready medical office in Montgomery County, Maryland.
Where is this medical office space located?
The property is located at 604 S Frederick Ave Unit 23 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Move‑in ready, recently updated medical office space.; Excellent location along MD‑355 and Deer Park Road.; Close proximity to Shady Grove Hospital.
