Updated End-Unit Office
For Sale
$565,000
8937 SHADY GROVE COURT #26A, Gaithersburg, MD 20877
Two-level office layout with private workrooms, meeting space, kitchenette, laundry, storage, and reception facilities.
Property Size1,632 SF
Price / SF$346.20
Days on Market51
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Property Features for 8937 SHADY GROVE COURT #26A
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Year Built
1996
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
Prostage Realty, LLC
(240) 398-8102
Listed By:
Min Zhang · License #677880
(917) 628-6179
Source:
Cummingsrealtors
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 15 at 12:31AM
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
Investment Insights
Based on property information with market context.
This 1632 SF office condo is configured across two levels with five private offices, a conference room, reception area, built-in reception desk, kitchenette, laundry, and dedicated storage. Each level includes a powder room. Interior improvements include custom trim and built-in wall file systems, providing a finished professional setting within an end-unit configuration.
The property is located in Shady Grove Professional Park with access to I-270, ICC/Rte 200, and I-495. Abundant parking is available for staff and visitors. The office is currently occupied by a tenant who wishes to remain, with lease terms subject to negotiation. Built in 1996, the property is offered for sale by appointment only.
The property is located in Shady Grove Professional Park with access to I-270, ICC/Rte 200, and I-495. Abundant parking is available for staff and visitors. The office is currently occupied by a tenant who wishes to remain, with lease terms subject to negotiation. Built in 1996, the property is offered for sale by appointment only.
Key Highlights
- 1632 SF office condo built in 1996
- Five private offices plus a conference room
- Reception area with built‑in desk, kitchenette, laundry, and storage
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Two-level office layout with private workrooms, meeting space, kitchenette, laundry, storage, and reception facilities.
Where is this office units 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: 1632 SF office condo built in 1996; Five private offices plus a conference room; Reception area with built‑in desk, kitchenette, laundry, and storage
