Warehouse with Loading
New
For Sale
$2,000,000
8569-73 ATLAS Dr, Gaithersburg, MD 20877
The facility includes updated carpet and HVAC, heavy power, and dedicated loading access.
Property Size9,566 SF
Price / SF$209.07
Days on Market2
Property Features for 8569-73 ATLAS Dr
General Information
Standard status
Active
Size
9,566 SF
Total Parking Spaces
12
Property subtype
Industrial
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
2
Power
400 amps
Three-Phase Power
Yes
Heavy Power
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$16,441
Building Details
Year Built
1982
Listing Agency:
KLNB LLC
(240) 505-9331
Listed By:
Lucas Matthew Glaeser
(240) 505-9331
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 9:03AM
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 KLNB LLC
Investment Insights
Based on property information with market context.
This 9,566-square-foot warehouse at 8569-73 ATLAS Dr features 20-foot ceiling height, two oversized at-grade drive-in loading doors, and a wet sprinkler system. Recent improvements include new carpet and a new HVAC unit. The building also provides 400 AMP 3 Phase heavy power and 12 parking spaces. Built in 1982, the property combines warehouse functionality with updated interior and mechanical elements.
The Gaithersburg location is only minutes from 270, the ICC, and Rt 355. WalkScore is 78, BikeScore is 71, and TransitScore is 57, providing additional context for access to the property.
The Gaithersburg location is only minutes from 270, the ICC, and Rt 355. WalkScore is 78, BikeScore is 71, and TransitScore is 57, providing additional context for access to the property.
Key Highlights
- 9,566 SF warehouse with 20’ ceiling height
- Two oversized at‑grade drive‑in loading doors
- 400 AMP 3 Phase heavy power
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
$121,337
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
6.07%
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%
$2,426,740
$2.4M
Cap Rate 7%
$1,733,386
$1.7M
Cap Rate 9%
$1,348,189
$1.3M
Market Conditions
NOI Build-Up for 9,566 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
$152.7K $15.96/SF
− Vacancy
−$9.9K −$1.04/SF
EGI
$142.7K $14.92/SF
− OpEx
−$21.4K −$2.24/SF
NOI
$121.3K $12.68/SF
Area
Montgomery County, MD
Vacancy
6.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
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%
$2,426,740
Cap Rate 7%
$1,733,386
Cap Rate 9%
$1,348,189
Alternative Uses
Best Use
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,337 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.37M
$2.94M – $3.93M
NOI $235,557 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20877, MD
37,577
Population
13,599
Households
2.8
Avg Household Size
36
Median Age
35%
College-Educated
76%
High-School Grad
5.6 sq mi
ZIP Area
6,710
Density / Sq Mi
$86,103
Median Household Income
$39,341
Median Earnings
$1,862
Median Rent
$462,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Self Storage Plus — 9107 Gaither Rd, Gaithersburg, MD 20877
- Public Storage — 807 S Frederick Ave, Gaithersburg, MD 20877
Frequently Asked Questions
What type of property is this?
Warehouse - The facility includes updated carpet and HVAC, heavy power, and dedicated loading access.
Where is this warehouse located?
The property is located at 8569-73 ATLAS Dr Gaithersburg, MD.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 9,566 SF warehouse with 20’ ceiling height; Two oversized at‑grade drive‑in loading doors; 400 AMP 3 Phase heavy power
