Built-Out Medical Office
For Sale
$399,000
6263 Executive Boulevard 14-b, Rockville, MD 20852
Office condo is built out for medical massage use and includes free surface parking.
Property Size966 SF
Price / SF$413.04
Days on Market131
Property Features for 6263 Executive Boulevard 14-b
General Information
Standard status
Active
Size
966 SF
Building Details
Year Built
1984
Listing Agency:
Rory S. Coakley Realty, Inc.
Listed By:
Rory P Coakley
(301) 340-8700
Source:
Localrealestateleaders
Added: Jun 12
Changed: Oct 2
Last Checked: Oct 7 at 2:34PM
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 Rory S. Coakley Realty, Inc.
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Investment Insights
Based on property information with market context.
This office condo offers approximately 966 square feet and is currently built out for medical massage use. The space is configured as an office unit within an office park.
The property is located just off I-270 & 495 and includes free surface parking at the office park.
A practical option for buyers seeking an office condo already set up for medical massage operations, with parking available on-site at the office park.
The property is located just off I-270 & 495 and includes free surface parking at the office park.
A practical option for buyers seeking an office condo already set up for medical massage operations, with parking available on-site at the office park.
Key Highlights
- 966 SF office condo just off I‑270 & 495
- Currently built out for medical massage use
- Central air cooling and heating (3)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,192
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,840
$303.8K
Cap Rate 7%
$217,029
$217.0K
Cap Rate 9%
$168,800
$168.8K
Market Conditions
NOI Build-Up for 966 SF
Gross rent
$31.2K $32.28/SF
− Vacancy
−$5.9K −$6.07/SF
EGI
$25.3K $26.21/SF
− OpEx
−$10.1K −$10.48/SF
NOI
$15.2K $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%
$303,840
Cap Rate 7%
$217,029
Cap Rate 9%
$168,800
Alternative Uses
Best Use
Healthcare Medical
$217.0K
$189.9K – $253.2K
NOI $15,192 @ 7.0% cap · market cap 3.81%
Second Best
Office B
$168.7K
$147.6K – $196.8K
NOI $11,806 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$339.8K
$297.3K – $396.5K
NOI $23,787 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,280
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
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?
Medical Office Space - Office condo is built out for medical massage use and includes free surface parking.
Where is this medical office space located?
The property is located at 6263 Executive Boulevard 14-b Rockville, MD.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 966 SF office condo just off I‑270 & 495; Currently built out for medical massage use; Central air cooling and heating (3)
