Medical Office Condominium
7625 MAPLE LAWN BOULEVARD Unit 60, Fulton, MD 20759
For Sale
$455,000
Two units provide an established healthcare tenancy alongside space available for owner occupancy.
Property Size1,358 SF
Days on Market54
Property Features for 7625 MAPLE LAWN BOULEVARD Unit 60
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
CapStar Properties
Listed By:
John P. Lin · License #3681
(240) 813-2088
Source:
Thehulsmangroup
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 6 at 5:10PM
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 CapStar Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes two medical office condominium units within the Midtown Medical Arts Building. One unit is occupied by an established healthcare operator, while the second is vacant and available for an owner-user. The building was completed in 2008 and is professionally maintained.
Located at 7625 Maple Lawn Boulevard in Fulton, the property is within Maple Lawn, a mixed-use community combining residential, retail, dining, and professional office uses. Access is provided from the Route 29 corridor via MD-216, also known as Scaggsville Road, with Columbia and northern Montgomery County nearby. The combination of an in-place healthcare tenancy and available medical office space supports both an owner-occupant structure and continued investment ownership.
Located at 7625 Maple Lawn Boulevard in Fulton, the property is within Maple Lawn, a mixed-use community combining residential, retail, dining, and professional office uses. Access is provided from the Route 29 corridor via MD-216, also known as Scaggsville Road, with Columbia and northern Montgomery County nearby. The combination of an in-place healthcare tenancy and available medical office space supports both an owner-occupant structure and continued investment ownership.
Key Highlights
- Two medical office condominium units are included in the offering
- One unit is occupied by an established healthcare operator
- Second unit is vacant and available for owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,436
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,720
$328.7K
Cap Rate 7%
$234,800
$234.8K
Cap Rate 9%
$182,622
$182.6K
Market Conditions
NOI Build-Up for 1,358 SF
Gross rent
$33.4K $24.60/SF
− Vacancy
−$6.0K −$4.43/SF
EGI
$27.4K $20.17/SF
− OpEx
−$11.0K −$8.07/SF
NOI
$16.4K $12.10/SF
Area
Howard County, MD
Vacancy
18.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,720
Cap Rate 7%
$234,800
Cap Rate 9%
$182,622
Alternative Uses
Best Use
Healthcare Medical
$234.8K
$205.5K – $273.9K
NOI $16,436 @ 7.0% cap · market cap 3.61%
Second Best
Office B
$136.0K
$119.0K – $158.7K
NOI $9,521 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$503.6K
$440.7K – $587.6K
NOI $35,253 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20759, MD
6,562
Population
2,031
Households
3.2
Avg Household Size
39
Median Age
84%
College-Educated
98%
High-School Grad
6.3 sq mi
ZIP Area
1,042
Density / Sq Mi
$250,001
Median Household Income
$127,287
Median Earnings
$3,501
Median Rent
$888,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Patuxent Valley Animal Hospital — 11200 Scaggsville Rd # 132, Laurel, MD 20723
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two units provide an established healthcare tenancy alongside space available for owner occupancy.
Where is this medical office space located?
The property is located at 7625 MAPLE LAWN BOULEVARD Unit 60 Fulton, MD.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Two medical office condominium units are included in the offering; One unit is occupied by an established healthcare operator; Second unit is vacant and available for owner occupancy
