Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    725 Progress Way Gaithersburg, MD

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available on Route 355 in Gaithersburg, MD.

    Property size:
    3,528 SF
    Lot size:
    44.16 Acres

    Property Features for 725 Progress Way

    General Information

    Size
    3,528 SF
    Lot size
    44.16 Acres

    We can help!

    Listing Contact
    M. John Meyer
    Source: Moodyscre

    Listing Agency: KLNB - Baltimore Listing Agent: M. John Meyer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space on Route 355

    Ground lease and small shop building leases are available at this location in Gaithersburg, Maryland. A pad opportunity and small shop space are available directly on Route 355. The property is located directly off of I-270, fronting Route 355, at a signalized intersection with direct access to Route 355. It is situated just south of the new Watkins Mill interchange at I-270. The site plan is approved. The property size is 10125 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2013705
    Latitude
    39.1434406

    Nearby Similar for Lease

    • $1,959 /Mo

      Gaithersburg Retail/Office Space Available

      Professional retail/office space with utilities included in CAM charges.
      312 Main St, Gaithersburg, MD 20878
      View Details
    • $2,400 /Mo
      2,178 SF

      Gaithersburg Office Space for Lease

      Well-maintained 880 SF office suite in Russell Office Park.
      945 Russell Ave, Gaithersburg, MD 20879
      View Details
    • Sponsored
      New
      Contact for pricing

      Washingtonian Boulevard

      Discover many ways to work your way in Washingtonian Boulevard
      9711 Washingtonian Blvd, Gaithersburg, MD 20878
      View Details
    • $1,700 /Mo

      Medical Office Shared Space Available

      Shared medical office space available in a convenient location.
      604 S Frederick Ave, Gaithersburg, MD 20877
      View Details
    • $4,000 /Mo

      Gaithersburg Airpark Industrial Space

      2,793 SF industrial space with drive-in door and offices.
      8192 Beechcraft Ave, Gaithersburg, MD 20879
      View Details
    • $6,900 /Mo

      Gaithersburg Flex Space Available

      Flex space suitable for office, retail, or warehouse use.
      411 E Diamond Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      5,050 SF

      Mixed-Use Destination in Gaithersburg, MD

      Energetic mixed-use destination with nationally recognized brands and unique shops.
      113 Ellington Blvd, Gaithersburg, MD 20877
      View Details
    • Contact for pricing

      Class A Office Tower

      Landmark office tower with lakefront views and modern amenities.
      9801 Washingtonian Blvd, Gaithersburg, MD 20878
      View Details
    • $2,100 /Mo

      Professional Office Space Available

      Professional office space with waiting area and private bathroom.
      2 Professional Dr, Gaithersburg, MD 20879
      View Details
    • $23 SF/Yr
      24,323 SF

      Plug and Play Office Sublease

      Full floor office sublease with abundant natural light and furniture.
      9711 Washingtonian Blvd, Gaithersburg, MD 20878
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail spaces available on Route 355 in Gaithersburg, MD.
    Where is this strip mall located?
    The property is located at 725 Progress Way Gaithersburg, MD.
    What are key features of this property?
    This property features: - Pad opportunity and small shop space directly on RT 355; - Located directly off of I-270 fronting RT 355; - Signalized intersection with direct access to RT 355
    (410) 321-0100 Call to check price and availability
    Request Owner's contact information
    725 Progress Way Gaithersburg, MD
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    725 Progress Way
    Gaithersburg, MD
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    725 Progress Way Gaithersburg, MD
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    M. John Meyer
    (410) 321-0100 (443) 632-2052
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!