Office Suite with Convenient
For Sale
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804 Pershing Drive Suite 204, Silver Spring, MD 20910
Well-positioned office suite with easy access to major roads and Metro for day-to-day business operations.
Property Size2,760 SF
Price / SF$398.55
Days on Market51
Property Features for 804 Pershing Drive Suite 204
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Office
Zoning
CR
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
AMR Commercial LLC
(301) 961-9696
Listed By:
Zach Dubin · License #MD 618473
Source:
Crexi
Added: Jul 2
Changed: Aug 8
Last Checked: Aug 21 at 11:35AM
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 AMR Commercial LLC
Investment Insights
Based on property information with market context.
This for-sale office suite is located in a building at 804 Pershing Drive, Suite 204, and offers a compact commercial layout suited for professional office use. The property is marketed as Office Units/Office Spaces within the available commercial real estate inventory.
The location is described as having excellent access to Metro, Georgia Avenue, and Colesville Road, along with nearby Downtown Silver Spring amenities. That combination supports straightforward commuting and customer access for office tenants.
For prospective buyers or tenants seeking a manageable office space, this suite can fit organizations that want a dedicated suite configuration and efficient access to regional transit and key thoroughfares. The property’s positioning near Downtown Silver Spring amenities may help support day-to-day needs for staff and visiting clients.
The location is described as having excellent access to Metro, Georgia Avenue, and Colesville Road, along with nearby Downtown Silver Spring amenities. That combination supports straightforward commuting and customer access for office tenants.
For prospective buyers or tenants seeking a manageable office space, this suite can fit organizations that want a dedicated suite configuration and efficient access to regional transit and key thoroughfares. The property’s positioning near Downtown Silver Spring amenities may help support day-to-day needs for staff and visiting clients.
Key Highlights
- Well‑positioned office suite
- Easy access to major roads including Georgia Avenue and Colesville Road
- Excellent access to Metro
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
$33,731
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
3.07%
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%
$674,620
$674.6K
Cap Rate 7%
$481,871
$481.9K
Cap Rate 9%
$374,789
$374.8K
Market Conditions
NOI Build-Up for 2,760 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
$54.3K $19.68/SF
− Vacancy
−$9.3K −$3.38/SF
EGI
$45.0K $16.30/SF
− OpEx
−$11.2K −$4.07/SF
NOI
$33.7K $12.22/SF
Area
Montgomery County, MD
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
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%
$674,620
Cap Rate 7%
$481,871
Cap Rate 9%
$374,789
Alternative Uses
Best Use
Office B
$481.9K
$421.6K – $562.2K
NOI $33,731 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$970.9K
$849.5K – $1.13M
NOI $67,963 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,483
Businesses Nearby
Explore this area
Business Placement
Demographics for 20910, MD
45,610
Population
23,209
Households
2
Avg Household Size
36
Median Age
74%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
9,915
Density / Sq Mi
$107,994
Median Household Income
$70,022
Median Earnings
$1,992
Median Rent
$690,900
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?
Office units - Well-positioned office suite with easy access to major roads and Metro for day-to-day business operations.
Where is this office units located?
The property is located at 804 Pershing Drive Suite 204 Silver Spring, MD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Well‑positioned office suite; Easy access to major roads including Georgia Avenue and Colesville Road; Excellent access to Metro
