Class B Medical Office
For Sale
Contact for pricing
6178 Oxon Hill Rd, Oxon Hill, MD 20745
A 3-story Class B masonry medical office building with on-site parking and established healthcare anchors.
Property Size17,955 SF
Price / SF$194.93
Days on Market155
Property Features for 6178 Oxon Hill Rd
General Information
Standard status
Active
Size
17,955 SF
Class
B
Property subtype
OFFICE
Zoning
Neighborhood Activity Center (NAC)
Building Details
Year Built
1979
Stories
3
Construction
masonry
Tenancy
Multi
Listing Agency:
NAI Michael
(301) 459-4400
Listed By:
Marcus N. Daniels · License #660771
(301) 275-4005
Source:
Moodyscre
Added: Apr 13
Changed: Sep 5
Last Checked: Sep 14 at 10:34AM
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 NAI Michael
Investment Insights
Based on property information with market context.
Approximately 17,955 SF Class B medical office building constructed in 1979. The property is a 3-story, masonry structure and includes parking based on a 3.68 per 1,000 SF ratio. Anchor tenants include My Eye Dr and Lexington Plastic Surgeons.
The building is zoned Neighborhood Activity Center (NAC). The property is offered for sale and is located at 6178 Oxon Hill Rd, Oxon Hill, MD 20745.
Designed for medical and healthcare-related uses as well as other professional services, office-based operations, and nonprofit organizations, the building’s configuration supports a range of established tenant needs within the healthcare ecosystem.
The building is zoned Neighborhood Activity Center (NAC). The property is offered for sale and is located at 6178 Oxon Hill Rd, Oxon Hill, MD 20745.
Designed for medical and healthcare-related uses as well as other professional services, office-based operations, and nonprofit organizations, the building’s configuration supports a range of established tenant needs within the healthcare ecosystem.
Key Highlights
- Approximately 17,955 ± SF Class B medical office building on‑site parking
- 3‑story Class B masonry building constructed in 1979
- Anchor tenants include My Eye Dr and Lexington Plastic Surgeons
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$274,291
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,485,820
$5.5M
Cap Rate 7%
$3,918,443
$3.9M
Cap Rate 9%
$3,047,678
$3.0M
Market Conditions
NOI Build-Up for 17,955 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$441.7K $24.60/SF
− Vacancy
−$76.0K −$4.23/SF
EGI
$365.7K $20.37/SF
− OpEx
−$91.4K −$5.09/SF
NOI
$274.3K $15.28/SF
Area
Prince George's County, MD
Vacancy
17.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,485,820
Cap Rate 7%
$3,918,443
Cap Rate 9%
$3,047,678
Alternative Uses
Best Use
Office B
$3.92M
$3.43M – $4.57M
NOI $274,291 @ 7.0% cap · market cap 7.84%
Second Best
Healthcare Medical
$3.08M
$2.70M – $3.60M
NOI $215,723 @ 7.0% cap · market cap 6.16%
Theoretical Best
Specialty Retail
$5.79M
$5.07M – $6.76M
NOI $405,454 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20745, MD
32,024
Population
13,124
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
4,927
Density / Sq Mi
$80,649
Median Household Income
$47,435
Median Earnings
$1,564
Median Rent
$351,500
Median Home Value
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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?
Medical Office Space - A 3-story Class B masonry medical office building with on-site parking and established healthcare anchors.
Where is this medical office space located?
The property is located at 6178 Oxon Hill Rd Oxon Hill, MD.
What is the asking price?
The asking price for this property is $3,499,999.
What are key features of this property?
This property features: Approximately 17,955 ± SF Class B medical office building on‑site parking; 3‑story Class B masonry building constructed in 1979; Anchor tenants include My Eye Dr and Lexington Plastic Surgeons
