Medical Office
For Sale
$765,000
7625 MAPLE LAWN BOULEVARD #50, Fulton, MD 20759
Two condominium medical office units offer a combination of existing occupancy and owner-user availability.
Property Size2,286 SF
Price / SF$334.65
Days on Market8
Property Features for 7625 MAPLE LAWN BOULEVARD #50
General Information
Standard status
Active
Size
2,286 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Building Details
Year Built
2008
Buildings
1
Listing Agency:
CapStar Properties
(301) 738-7777
Listed By:
John P. Lin · License #0225214760
(240) 813-2088
Source:
Cummingsrealtors
Added: Sep 15
Changed: Sep 21
Last Checked: Sep 21 at 5:17AM
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
Investment Insights
Based on property information with market context.
The offering includes two medical office condominiums within the Midtown Medical Arts Building, a professionally maintained property completed in 2008. One unit is occupied by a healthcare operator, while the second is vacant and available for an owner-user or new occupancy. The units may be acquired together, combining an occupied medical office with adjacent space available for use.
The property is located at 7625 Maple Lawn Boulevard in Fulton, within Maple Lawn, a mixed-use community in Howard County. The surrounding area includes residential, retail, dining, and professional office uses. Access to the Route 29 corridor is provided via MD-216, also known as Scaggsville Road, with the property positioned between Columbia and northern Montgomery County.
The property is located at 7625 Maple Lawn Boulevard in Fulton, within Maple Lawn, a mixed-use community in Howard County. The surrounding area includes residential, retail, dining, and professional office uses. Access to the Route 29 corridor is provided via MD-216, also known as Scaggsville Road, with the property positioned between Columbia and northern Montgomery County.
Key Highlights
- Two medical office condominiums offered within the Midtown Medical Arts Building
- One unit is occupied by a healthcare operator
- Second unit is vacant for owner‑user occupancy or new tenancy
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
$27,668
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
3.62%
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%
$553,360
$553.4K
Cap Rate 7%
$395,257
$395.3K
Cap Rate 9%
$307,422
$307.4K
Market Conditions
NOI Build-Up for 2,286 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
$56.2K $24.60/SF
− Vacancy
−$10.1K −$4.43/SF
EGI
$46.1K $20.17/SF
− OpEx
−$18.4K −$8.07/SF
NOI
$27.7K $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 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%
$553,360
Cap Rate 7%
$395,257
Cap Rate 9%
$307,422
Alternative Uses
Best Use
Healthcare Medical
$395.3K
$345.9K – $461.1K
NOI $27,668 @ 7.0% cap · market cap 3.62%
Second Best
Office B
$229.0K
$200.3K – $267.1K
NOI $16,027 @ 7.0% cap · market cap 2.10%
Theoretical Best
Office A
$847.8K
$741.8K – $989.1K
NOI $59,344 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two condominium medical office units offer a combination of existing occupancy and owner-user availability.
Where is this medical office space located?
The property is located at 7625 MAPLE LAWN BOULEVARD #50 Fulton, MD.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Two medical office condominiums offered within the Midtown Medical Arts Building; One unit is occupied by a healthcare operator; Second unit is vacant for owner‑user occupancy or new tenancy
