Single-Story Office
For Sale
Contact for pricing
900 Wind River Lane, Gaithersburg, MD 20878
Single-story office suites offer direct entry from a parking lot and separate heating and cooling for 24-hour use.
Property Size2,597 SF
Price / SF$330.77
Days on Market51
Property Features for 900 Wind River Lane
General Information
Standard status
Active
Size
2,597 SF
Property subtype
Office
Building Details
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Jay Clogg Realty Group Inc
(301) 340-9400
Listed By:
Jay Clogg · License #MD 67699
Source:
Crexi
Added: Jul 6
Changed: Aug 21
Last Checked: Aug 24 at 7:01PM
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 Jay Clogg Realty Group Inc
Investment Insights
Based on property information with market context.
This single-story office condominium building is offered for sale as two suites with no steps and abundant free parking with direct entry from the parking lot. The interior features luxury vinyl tile flooring and a reception area with four windowed offices, plus a conference/training room, open work areas, file room, and storage room. Two restrooms and a kitchen with sink, counter, cabinets, and kitchenaid appliances are included. Separate heating and cooling systems support 24-hour use for each suite. Furniture is included if desired by the purchaser.
The property is located just off Quince Orchard Road at a signalized intersection, with one traffic light from the Kentlands and numerous nearby food and shopping options.
Condo fees cover water/sewer, structural fire insurance, property management, snow plowing, grass cutting and landscaping, trash dumpsters, and HVAC preventive maintenance, among other items. Real estate taxes for 7/1/25–6/30/26 are listed for both suites.
The property is located just off Quince Orchard Road at a signalized intersection, with one traffic light from the Kentlands and numerous nearby food and shopping options.
Condo fees cover water/sewer, structural fire insurance, property management, snow plowing, grass cutting and landscaping, trash dumpsters, and HVAC preventive maintenance, among other items. Real estate taxes for 7/1/25–6/30/26 are listed for both suites.
Key Highlights
- Single‑story office building with NO steps and direct entry from the parking lot for convenient access
- Separate heating and cooling systems for each space allow for 24‑hour use
- Finished interiors include luxury vinyl tile flooring, reception area, 4 windowed offices, conference/training room, open work areas, file and storage rooms
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
$31,739
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
3.69%
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%
$634,780
$634.8K
Cap Rate 7%
$453,414
$453.4K
Cap Rate 9%
$352,656
$352.7K
Market Conditions
NOI Build-Up for 2,597 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
$51.1K $19.68/SF
− Vacancy
−$8.8K −$3.38/SF
EGI
$42.3K $16.30/SF
− OpEx
−$10.6K −$4.07/SF
NOI
$31.7K $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%
$634,780
Cap Rate 7%
$453,414
Cap Rate 9%
$352,656
Alternative Uses
Best Use
Office B
$453.4K
$396.7K – $529.0K
NOI $31,739 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$913.6K
$799.4K – $1.07M
NOI $63,949 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
774
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 units - Single-story office suites offer direct entry from a parking lot and separate heating and cooling for 24-hour use.
Where is this office units located?
The property is located at 900 Wind River Lane Gaithersburg, MD.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Single‑story office building with NO steps and direct entry from the parking lot for convenient access; Separate heating and cooling systems for each space allow for 24‑hour use; Finished interiors include luxury vinyl tile flooring, reception area, 4 windowed offices, conference/training room, open work areas, file and storage rooms
