Office
For Sale
Contact for pricing
847 Quince Orchard Boulevard, Gaithersburg, MD 20878
Existing tenancy supports immediate income within an established commercial corridor near Interstate 270.
Property Size1,213 SF
Price / SF$160.76
Days on Market72
Property Features for 847 Quince Orchard Boulevard
General Information
Standard status
Active
Size
1,213 SF
Property subtype
Office
Zoning
CC
Investment Type
Stabilized
Additional Details
Highway Access
Yes
Building Details
Units
3
Tenancy
Multi
Listing Agency:
Petroleum Property Advisors
Listed By:
David Roman · License #6661245
Source:
Crexi
Added: Jul 27
Changed: Sep 24
Last Checked: Oct 5 at 4:38PM
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 Petroleum Property Advisors
Investment Insights
Based on property information with market context.
This 1,213-square-foot office unit is located at 847 Quince Orchard Boulevard in Gaithersburg, Maryland. Existing tenants provide an in-place operating profile for an owner-user or office-focused purchaser. The property is zoned CC and positioned within an established commercial corridor serving professional office users and surrounding residential communities.
Quince Orchard Boulevard carries approximately 29,000 VPD, providing strong roadway exposure for the property. Interstate 270 offers convenient regional access, while nearby national retailers and other professional businesses contribute to an active commercial setting. The surrounding area also includes established residential communities and ongoing commercial investment, creating a broad base of nearby activity for office users.
Quince Orchard Boulevard carries approximately 29,000 VPD, providing strong roadway exposure for the property. Interstate 270 offers convenient regional access, while nearby national retailers and other professional businesses contribute to an active commercial setting. The surrounding area also includes established residential communities and ongoing commercial investment, creating a broad base of nearby activity for office users.
Key Highlights
- 1,213‑square‑foot office unit at 847 Quince Orchard Boulevard
- Existing tenants provide in‑place income
- CC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,824
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,480
$296.5K
Cap Rate 7%
$211,771
$211.8K
Cap Rate 9%
$164,711
$164.7K
Market Conditions
NOI Build-Up for 1,213 SF
Gross rent
$23.9K $19.68/SF
− Vacancy
−$4.1K −$3.38/SF
EGI
$19.8K $16.30/SF
− OpEx
−$4.9K −$4.07/SF
NOI
$14.8K $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 Rate 5%
$296,480
Cap Rate 7%
$211,771
Cap Rate 9%
$164,711
Alternative Uses
Best Use
Office B
$211.8K
$185.3K – $247.1K
NOI $14,824 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$426.7K
$373.4K – $497.8K
NOI $29,869 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Existing tenancy supports immediate income within an established commercial corridor near Interstate 270.
Where is this office units located?
The property is located at 847 Quince Orchard Boulevard Gaithersburg, MD.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,213‑square‑foot office unit at 847 Quince Orchard Boulevard; Existing tenants provide in‑place income; CC zoning
