Built-Out Medical Office
6263 Executive Boulevard Unit 14-B Rockville, MD 20852
6263 Executive Boulevard Unit 14-B, Rockville, MD, 20852
$399,000
For Sale
$399,000
Office condo is built out for medical massage use and includes free surface parking.
Property Size966 SF
Price / SF$413.04
Days on Market116
Property Features for 6263 Executive Boulevard Unit 14-B
General Information
- Standard status
- Active
- Size
- 966 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agency
Rory S. Coakley Realty, Inc.
(301) 370-0781
Listed by
Rory Coakley
(301) 370-0781
Source
Xome
Added: Mar 29 Updated: Jul 21 at 10:45PM Checked: Jul 21 at 10:45PM
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.
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)
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $32.28 |
| − Vacancy | −$5.9k | −$6.07 |
| EGI | $25.3k | $26.21 |
| − OpEx | −$10.1k | −$10.48 |
| NOI | $15.2k | $15.73 |
966 SF · lease $32.28/SF/yr · vacancy 18.80% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ReNew Therapeutic Massage ...
Spa & Massage Center
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- Rockville Pike Animal Hospital — 12248 Rockville Pike, Rockville, MD 20852
- Kenhaven Animal Hospital Inc: Katzezn Julia DVM — 12311 Wilkins Ave, Rockville, MD 20852
FAQs
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 Unit 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)
