Updated End-Unit Office
For Sale
$565,000
8937 Shady Grove Court 26a, Gaithersburg, MD 20877
Turnkey professional office with private workrooms, meeting space, reception, kitchenette, storage, and parking.
Property Size1,632 SF
Price / SF$346.20
Days on Market54
Property Features for 8937 Shady Grove Court 26a
General Information
Standard status
Active
Size
1,632 SF
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Year Built
1996
Tenancy
Single
Owner Occupied
No
Listing Agency:
Prostage Realty, LLC
Listed By:
Min Zhang · License #677880
(917) 628-6179
Source:
Gklegacygroup
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 7 at 2:45PM
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 Prostage Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,632-square-foot office condo occupies an end unit in Shady Grove Professional Park. Built in 1996 and updated with custom trim and integrated wall file storage, the two-level layout includes five private offices, a conference room, reception with built-in desk, kitchenette, laundry area, storage, and a powder room on each level.
The property is positioned for convenient regional access near I-270, ICC/Rte 200, and I-495, with parking available for staff and visitors. It is currently occupied by a tenant who wishes to remain, with lease terms negotiable. Showings are available by appointment.
The property is positioned for convenient regional access near I-270, ICC/Rte 200, and I-495, with parking available for staff and visitors. It is currently occupied by a tenant who wishes to remain, with lease terms negotiable. Showings are available by appointment.
Key Highlights
- 1,632‑square‑foot end‑unit office condo in Shady Grove Professional Park
- Five private offices plus a conference room and reception area
- Two‑level layout with a powder room on each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,945
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,900
$398.9K
Cap Rate 7%
$284,929
$284.9K
Cap Rate 9%
$221,611
$221.6K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$32.1K $19.68/SF
− Vacancy
−$5.5K −$3.38/SF
EGI
$26.6K $16.30/SF
− OpEx
−$6.6K −$4.07/SF
NOI
$19.9K $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%
$398,900
Cap Rate 7%
$284,929
Cap Rate 9%
$221,611
Alternative Uses
Best Use
Office B
$284.9K
$249.3K – $332.4K
NOI $19,945 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$574.1K
$502.3K – $669.8K
NOI $40,187 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Turnkey professional office with private workrooms, meeting space, reception, kitchenette, storage, and parking.
Where is this office unit located?
The property is located at 8937 Shady Grove Court 26a Gaithersburg, MD.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1,632‑square‑foot end‑unit office condo in Shady Grove Professional Park; Five private offices plus a conference room and reception area; Two‑level layout with a powder room on each level
