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    4600 Park Ave Germantown, MD 20815

    Sponsored
    For Sale
    $650,000

    1,465 SF Office, 3 Parking Spots

    Property size:
    1,465 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1,465-square-foot Class B office condo in Chevy Chase, Maryland, presents a unique owner-user or investment opportunity. Located at 4600 N Park Ave, Suite 1S, Germantown, MD 20815, this vacant unit boasts a flexible layout ideal for various office uses. The space features a large open area, three private offices, a sizable bathroom, and a kitchenette. Abundant natural light streams in from windows on all sides, complemented by a private balcony. The condo is situated in a four-story garden-style building with an open courtyard and sitting area, fully ADA compliant with recently installed elevators. Three deeded parking spaces are included, currently generating $300/month in rental income. Additionally, a separate private office within the unit is leased month-to-month for $1,500. The buyer has the option to continue these leases or assume possession of a vacant unit. The low condo fee of $715 per month is a significant advantage. The property benefits from a prime location within walking distance of restaurants, shops, and the Friendship Heights metro station, surrounded by a high-income demographic with strong daytime employee population. The asking price is $650,000 ($443.69/sq ft). The building was constructed in 1991 and is zoned CBD1. Fee simple ownership is offered.

    Property Features for 4600 Park Ave

    General Information

    Property type
    Medical offices
    Square Feet
    1,465 SF
    Class
    B

    Building Details

    Year Built
    1991
    Buildings
    1
    Stories
    4

    HighLights

    • Prime downtown location, minutes from shops and Metro access.
    • High‑traffic, high‑income neighborhood.
    • Bright unit with abundant natural light, balcony, and outdoor space.
    • Generating $1800 monthly income from three parking spaces ($300) and a private office ($1500) on a month‑to‑month lease; buyer can assume leases or take possession vacant at closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anh Boesch, RLAH ... Real Estate Agent Stacy Berman, RLAH ... Real Estate Agent Doyle Sells Homes Real Estate Agent Jenny Dodd Realtor Real Estate Agent Guy Kabwenge, Samson ... Real Estate Agent

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Germantown
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0912956
    Latitude
    38.9631472

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    FAQs

    What type of property is this?
    Medical office - 1,465 SF Office, 3 Parking Spots
    Where is this medical office located?
    The property is located at 4600 Park Ave Germantown, MD.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime downtown location, minutes from shops and Metro access.; High-traffic, high-income neighborhood.; Bright unit with abundant natural light, balcony, and outdoor space.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4600 Park Ave Germantown, MD 20815
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