Medical Office
For Sale
Contact for pricing
847-D Quince Orchard Boulevard, Gaithersburg, MD 20878
Condominium office space designated for medical office use.
Property Size1,062 SF
Price / SF$206.21
Days on Market111
Property Features for 847-D Quince Orchard Boulevard
General Information
Standard status
Active
Size
1,062 SF
Property subtype
Office
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Jay Clogg Realty Group Inc
Listed By:
Jay Clogg · License #MD 67699
(301) 340-9400
Source:
Crexi
Added: Jul 1
Changed: Oct 10
Last Checked: Oct 16 at 8:10AM
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 Jay Clogg Realty Group Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office condominium offers approximately 1,062 saleable square feet within an office park setting. The property is located at 847-D Quince Orchard Boulevard in Gaithersburg, Maryland.
Key Highlights
- Approximately 1,062 saleable square feet
- Medical office condominium
- Located at 847‑D Quince Orchard Boulevard, Gaithersburg, MD 20878
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,702
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,040
$334.0K
Cap Rate 7%
$238,600
$238.6K
Cap Rate 9%
$185,578
$185.6K
Market Conditions
NOI Build-Up for 1,062 SF
Gross rent
$34.3K $32.28/SF
− Vacancy
−$6.4K −$6.07/SF
EGI
$27.8K $26.21/SF
− OpEx
−$11.1K −$10.48/SF
NOI
$16.7K $15.73/SF
Area
Montgomery County, MD
Vacancy
18.80%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,040
Cap Rate 7%
$238,600
Cap Rate 9%
$185,578
Alternative Uses
Best Use
Healthcare Medical
$238.6K
$208.8K – $278.4K
NOI $16,702 @ 7.0% cap · market cap 7.63%
Second Best
Office B
$185.4K
$162.2K – $216.3K
NOI $12,979 @ 7.0% cap · market cap 5.93%
Theoretical Best
Specialty Retail
$373.6K
$326.9K – $435.9K
NOI $26,151 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20878, MD
65,990
Population
25,297
Households
2.6
Avg Household Size
40
Median Age
70%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
3,235
Density / Sq Mi
$142,062
Median Household Income
$76,026
Median Earnings
$2,188
Median Rent
$675,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Bonnie J Hileman DVM Llc — 17 Firstfield Rd # 100, Gaithersburg, MD 20878, United States
- Gaithersburg Veterinary Clinic — 17 Firstfield Rd # 100, Gaithersburg, MD 20878
Frequently Asked Questions
What type of property is this?
Medical Office Space - Condominium office space designated for medical office use.
Where is this medical office space located?
The property is located at 847-D Quince Orchard Boulevard Gaithersburg, MD.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Approximately 1,062 saleable square feet; Medical office condominium; Located at 847‑D Quince Orchard Boulevard, Gaithersburg, MD 20878
