Flex Condominium with Drive-In
For Sale
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7895 CESSNA AVENUE #P, Gaithersburg, MD 20879
Well-appointed flex unit combining reception and private offices with a warehouse featuring a drive-in overhead door and mezzanine storage.
Property Size3,784 SF
Price / SF$1.45
Days on Market101
Property Features for 7895 CESSNA AVENUE #P
General Information
Standard status
Active
Size
3,784 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Listing Agency:
Metro Homes DMV LLC
(703) 784-0012
Listed By:
Gustavo Jose Semidey · License #0225225478
(240) 383-9198
Source:
Cummingsrealtors
Added: Jul 13
Changed: Oct 21
Last Checked: Oct 20 at 10:58PM
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 Metro Homes DMV LLC
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Investment Insights
Based on property information with market context.
This well-maintained flex condominium offers a blend of professional office space and practical warehouse area, totaling 3,784 SF. The office includes a reception area, multiple private offices, a conference room, kitchenette, and restroom. The warehouse provides approximately 20-foot clear ceiling height, mezzanine storage, and flexible open space for inventory, equipment, or light industrial operations, along with a 12' x 10' drive-in overhead door.
Located at 7895 Cessna Avenue #P in Gaithersburg, Maryland, the property is positioned in the Montgomery Airpark business district with quick access to I-270, MD-355, and the Intercounty Connector (MD-200). It also serves users who want connectivity to surrounding Montgomery County business corridors.
The space is described as suitable for a range of commercial uses, including office, contractor operations, warehouse, distribution, showroom, wholesale, technology, and light assembly, subject to zoning and condominium association approval.
Located at 7895 Cessna Avenue #P in Gaithersburg, Maryland, the property is positioned in the Montgomery Airpark business district with quick access to I-270, MD-355, and the Intercounty Connector (MD-200). It also serves users who want connectivity to surrounding Montgomery County business corridors.
The space is described as suitable for a range of commercial uses, including office, contractor operations, warehouse, distribution, showroom, wholesale, technology, and light assembly, subject to zoning and condominium association approval.
Key Highlights
- 3,784 SF flex condominium built in 2005 in the Montgomery Airpark business district
- Office area includes reception, multiple private offices, conference room, kitchenette, and restroom
- Warehouse features approx. 20‑foot clear ceiling height and a 12' x 10' drive‑in overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,951
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,020
$739.0K
Cap Rate 7%
$527,871
$527.9K
Cap Rate 9%
$410,567
$410.6K
Market Conditions
NOI Build-Up for 3,784 SF
Gross rent
$56.8K $15.00/SF
− Vacancy
−$4.0K −$1.05/SF
EGI
$52.8K $13.95/SF
− OpEx
−$15.8K −$4.19/SF
NOI
$37.0K $9.76/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,020
Cap Rate 7%
$527,871
Cap Rate 9%
$410,567
Alternative Uses
Best Use
Flex RnD
$745.9K
$652.7K – $870.2K
NOI $52,214 @ 7.0% cap · market cap 949.35%
Second Best
Warehouse
$685.7K
$600.0K – $800.0K
NOI $47,997 @ 7.0% cap · market cap 872.67%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,179 @ 7.0% cap · market cap 1,694.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20879, MD
26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Delicious Gourmet — 7840 Beechcraft Ave, Gaithersburg, MD 20879
- NY Gourmet Catering, LLC — 7237 antares dr, gaithersburg, md 20879
- My Cup Runneth Over Southern Cuisine LLC (Carry-Out) — 8405 Snouffer School Rd, Gaithersburg, MD 20879
- Spilled Milk Catering — 18911 Premiere Ct, Gaithersburg, MD 20879
- Catering & Chocolate — 18911 Premiere Ct, Gaithersburg, MD 20879
Frequently Asked Questions
What type of property is this?
Flex space - Well-appointed flex unit combining reception and private offices with a warehouse featuring a drive-in overhead door and mezzanine storage.
Where is this flex space located?
The property is located at 7895 CESSNA AVENUE #P Gaithersburg, MD.
What are key features of this property?
This property features: 3,784 SF flex condominium built in 2005 in the Montgomery Airpark business district; Office area includes reception, multiple private offices, conference room, kitchenette, and restroom; Warehouse features approx. 20‑foot clear ceiling height and a 12' x 10' drive‑in overhead door
