Office Suite for
For Sale
$242,500
847 Quince Orchard Boulevard H-3, Gaithersburg, MD 20878
For-sale office suite in Gaithersburg, Maryland, suited for professional users seeking dedicated space.
Property Size1,215 SF
Price / SF$199.59
Days on Market75
Property Features for 847 Quince Orchard Boulevard H-3
General Information
Standard status
Active
Size
1,215 SF
Building Details
Year Built
1990
Listing Agency:
NGA, LLC
(301) 977-9444
Listed By:
Nazre G Adum
Source:
Kandorre
Added: Jun 11
Changed: Aug 23
Last Checked: Aug 24 at 10:01AM
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 NGA, LLC
Investment Insights
Based on property information with market context.
This offering consists of an office suite identified as Unit #H-3 within 847 Quince Orchard Blvd. The property is presented for sale and is positioned for office-related use by tenant businesses and professional operators.
The address is located in Montgomery County, Maryland. Access directions provided indicate taking I-270 north to Exit 10, turning onto W. Diamond Ave, then left on Fieldcrest Rd, staying to the right onto Quince Orchard Blvd.
As a dedicated office suite, Unit #H-3 can serve organizations looking for a contained workspace for administrative and professional operations. The fit will depend on each user’s layout and buildout preferences, as the listing information provided focuses on the suite availability rather than specific interior improvements or configurations.
The address is located in Montgomery County, Maryland. Access directions provided indicate taking I-270 north to Exit 10, turning onto W. Diamond Ave, then left on Fieldcrest Rd, staying to the right onto Quince Orchard Blvd.
As a dedicated office suite, Unit #H-3 can serve organizations looking for a contained workspace for administrative and professional operations. The fit will depend on each user’s layout and buildout preferences, as the listing information provided focuses on the suite availability rather than specific interior improvements or configurations.
Key Highlights
- Office suite located in Gaithersburg, Maryland (Montgomery County).
- Central air conditioning.
- Electric heating.
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
$14,849
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
6.12%
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%
$296,980
$297.0K
Cap Rate 7%
$212,129
$212.1K
Cap Rate 9%
$164,989
$165.0K
Market Conditions
NOI Build-Up for 1,215 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
$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 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%
$296,980
Cap Rate 7%
$212,129
Cap Rate 9%
$164,989
Alternative Uses
Best Use
Office B
$212.1K
$185.6K – $247.5K
NOI $14,849 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$427.4K
$374.0K – $498.7K
NOI $29,919 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Office building - For-sale office suite in Gaithersburg, Maryland, suited for professional users seeking dedicated space.
Where is this office building located?
The property is located at 847 Quince Orchard Boulevard H-3 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $242,500.
What are key features of this property?
This property features: Office suite located in Gaithersburg, Maryland (Montgomery County).; Central air conditioning.; Electric heating.
