First-Floor Office
For Sale
Contact for pricing
9043-9069 Shady Grove Ct, Gaithersburg, MD 20877
Accessible office condominium with an open work area, two windowed offices, and abundant free parking.
Property Size932 SF
Price / SF$348.71
Days on Market80
Property Features for 9043-9069 Shady Grove Ct
General Information
Standard status
Active
Size
932 SF
Property subtype
OFFICE
Additional Details
Floor
First floor
HOA Fee
$323
Listing Agency:
Jay Clogg Realty Group, Inc.
(301) 340-9400
Listed By:
John Arensmeyer · License #84024
Source:
Moodyscre
Added: May 13
Changed: Jul 31
Last Checked: Jul 31 at 10:03AM
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 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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.3k | $19.68 |
| − Vacancy | −$3.2k | −$3.38 |
| EGI | $15.2k | $16.30 |
| − OpEx | −$3.8k | −$4.07 |
| NOI | $11.4k | $12.22 |
932 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
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.
Property Analytics
Current Use
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
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 - Accessible office condominium with an open work area, two windowed offices, and abundant free parking.
Where is this office units 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
