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 Market63
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
(301) 340-9400
Listed By:
Jay Clogg · License #MD 67699
Source:
Crexi
Added: Jul 1
Changed: Aug 31
Last Checked: Aug 31 at 8:17PM
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
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 = 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
$16,702
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
7.63%
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%
$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
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
$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 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%
$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.
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
Questions? Ask Rey
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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
