Renovated Medical Office
For Sale
$335,000
9025 SHADY GROVE CT #6B 6B, Gaithersburg, MD 20877
First-floor condominium office with examination rooms, private offices, an ADA restroom, and convenient on-site parking.
Property Size969 SF
Price / SF$345.72
Days on Market38
Property Features for 9025 SHADY GROVE CT #6B 6B
General Information
Standard status
Active
Size
969 SF
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
1
Office Units
1
Listing Agency:
Rory S. Coakley Realty, Inc.
(240) 422-0765
Listed By:
Kathleen C Meyer
(240) 422-0765
Source:
Cathyshometeam
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 30 at 5:39PM
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 Rory S. Coakley Realty, Inc.
Investment Insights
Based on property information with market context.
This renovated medical office condominium provides approximately 969 SF on one level within Shady Grove Professional Park. The layout includes a reception area, four private offices, a separate work area for administrative staff, a break room, and an ADA-compliant bathroom. Two offices are fitted with sinks for examination use, while another offers a larger footprint for flexible office functions.
The suite offers step-free entry and on-site parking. Its Gaithersburg setting provides access to Shady Grove Hospital, nearby retail and dining, Shady Grove Metro, Rockville Pike, Route 200, and I-270. The combination of medical-oriented improvements, accessible entry, and a multi-room configuration supports continued professional office use.
The suite offers step-free entry and on-site parking. Its Gaithersburg setting provides access to Shady Grove Hospital, nearby retail and dining, Shady Grove Metro, Rockville Pike, Route 200, and I-270. The combination of medical-oriented improvements, accessible entry, and a multi-room configuration supports continued professional office use.
Key Highlights
- Approximately 969 SF of first‑floor medical office space
- Four private offices, including two examination rooms with sinks
- Reception area, administrative work area, break room, and ADA bathroom
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
$15,239
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
4.55%
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%
$304,780
$304.8K
Cap Rate 7%
$217,700
$217.7K
Cap Rate 9%
$169,322
$169.3K
Market Conditions
NOI Build-Up for 969 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
$31.3K $32.28/SF
− Vacancy
−$5.9K −$6.07/SF
EGI
$25.4K $26.21/SF
− OpEx
−$10.2K −$10.48/SF
NOI
$15.2K $15.73/SF
Area
Montgomery County, MD
Vacancy
18.80%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
40.00%
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%
$304,780
Cap Rate 7%
$217,700
Cap Rate 9%
$169,322
Alternative Uses
Best Use
Healthcare Medical
$217.7K
$190.5K – $254.0K
NOI $15,239 @ 7.0% cap · market cap 4.55%
Second Best
Office B
$169.2K
$148.0K – $197.4K
NOI $11,842 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$340.9K
$298.3K – $397.7K
NOI $23,861 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Under-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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor condominium office with examination rooms, private offices, an ADA restroom, and convenient on-site parking.
Where is this medical office space located?
The property is located at 9025 SHADY GROVE CT #6B 6B Gaithersburg, MD.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Approximately 969 SF of first‑floor medical office space; Four private offices, including two examination rooms with sinks; Reception area, administrative work area, break room, and ADA bathroom
