Second-Floor Office
New
For Sale
$179,900
610 PROFESSIONAL DRIVE #225, Gaithersburg, MD 20879
Professionally managed building with shared lobby, mezzanine, and parking.
Property Size62,380 SF
Price / SF$227.15
Days on Market3
Property Features for 610 PROFESSIONAL DRIVE #225
General Information
Standard status
Active
Size
62,380 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2
Amenities
high ceilings
wide open hallways
beautiful lobby
mezzanine balcony
Building Details
Year Built
2005
Buildings
1
Stories
2
Building Size
62,380 SF
Tenancy
Multi
Listing Agency:
Libra Realty, LLC
(301) 972-5588
Listed By:
Chung L Wu · License #534784
(301) 922-8355
Source:
Cummingsrealtors
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 2:48AM
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 Libra Realty, LLC
Investment Insights
Based on property information with market context.
This 792-square-foot office condominium occupies the second floor of a two-story, 62,380-square-foot building completed in 2005. The unit has high ceilings. Building common areas include wide hallways, a lobby, and a mezzanine balcony overlooking the lobby. The property provides 200+ parking spaces and is professionally managed.
Located in Crown Pointe Office Park on Professional Drive in Gaithersburg, the property is just off N Frederick Avenue (Rt. 355) and within a mile of I-270. The building includes tenants in professional and medical services, mortgage brokerage, construction, technology, and data-driven businesses.
Located in Crown Pointe Office Park on Professional Drive in Gaithersburg, the property is just off N Frederick Avenue (Rt. 355) and within a mile of I-270. The building includes tenants in professional and medical services, mortgage brokerage, construction, technology, and data-driven businesses.
Key Highlights
- 792‑square‑foot second‑floor office condominium
- Within a two‑story, 62,380‑square‑foot building completed in 2005
- Building includes high ceilings, wide hallways, a lobby, and a mezzanine balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,679
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,580
$193.6K
Cap Rate 7%
$138,271
$138.3K
Cap Rate 9%
$107,544
$107.5K
Market Conditions
NOI Build-Up for 792 SF
Gross rent
$15.6K $19.68/SF
− Vacancy
−$2.7K −$3.38/SF
EGI
$12.9K $16.30/SF
− OpEx
−$3.2K −$4.07/SF
NOI
$9.7K $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%
$193,580
Cap Rate 7%
$138,271
Cap Rate 9%
$107,544
Alternative Uses
Best Use
Office B
$138.3K
$121.0K – $161.3K
NOI $9,679 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$278.6K
$243.8K – $325.0K
NOI $19,502 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 20879, MD
26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Professionally managed building with shared lobby, mezzanine, and parking.
Where is this office units located?
The property is located at 610 PROFESSIONAL DRIVE #225 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 792‑square‑foot second‑floor office condominium; Within a two‑story, 62,380‑square‑foot building completed in 2005; Building includes high ceilings, wide hallways, a lobby, and a mezzanine balcony
