First-Floor Office
9043-9069 Shady Grove Ct, Gaithersburg, MD 20877
For Sale
Contact for pricing
Accessible office condominium with an open work area, two windowed offices, and abundant free parking.
Property Size932 SF
Price / SF$348.71
Days on Market179
Property Features for 9043-9069 Shady Grove Ct
General Information
Standard status
Size
Property subtype
Additional Details
Floor
HOA Fee
Listing Agency:
Jay Clogg Realty Group, Inc.
(301) 340-9400
Listed By:
John Arensmeyer · License #84024
(301) 370-6081
Source:
Moodyscre
Added: May 13
Changed: Nov 3
Last Checked: Nov 6 at 11:57AM
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.
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Investment Insights
Based on property information with market context.
This first-floor office condo offers 932 square feet with no-step access. The current layout includes a large open work area and two windowed offices, providing a practical configuration for office operations.
The property includes abundant free parking. Real estate taxes are $3,808.02 for the period from 7/1/25 through 6/30/26, and the condo fee is $323 per month, paid quarterly.
The property includes abundant free parking. Real estate taxes are $3,808.02 for the period from 7/1/25 through 6/30/26, and the condo fee is $323 per month, paid quarterly.
Key Highlights
- First‑floor office condo with no‑step access
- 932 square feet of office space
- Large open work area plus 2 windowed offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,390
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,800
$227.8K
Cap Rate 7%
$162,714
$162.7K
Cap Rate 9%
$126,556
$126.6K
Market Conditions
NOI Build-Up for 932 SF
Gross rent
$18.3K $19.68/SF
− Vacancy
−$3.2K −$3.38/SF
EGI
$15.2K $16.30/SF
− OpEx
−$3.8K −$4.07/SF
NOI
$11.4K $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%
$227,800
Cap Rate 7%
$162,714
Cap Rate 9%
$126,556
Alternative Uses
Best Use
Office B
$162.7K
$142.4K – $189.8K
NOI $11,390 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
$462,500
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Gaithersburg, MD
Properties on Market for Office Units in Gaithersburg
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Accessible office condominium with an open work area, two windowed offices, and abundant free parking.
Where is this office unit located?
The property is located at 9043-9069 Shady Grove Ct Gaithersburg, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: First‑floor office condo with no‑step access; 932 square feet of office space; Large open work area plus 2 windowed offices
