Germantown Medical/Office Condos For
12800 and 12850 Middlebrook Road, Darnestown, MD 20874
Professional medical and office condos for sale in Germantown.
Type:Office
Property size:
861 SFPrice / SF:
$275/SF- Added:
- Nov 15, 2022
- Days on Market:
- 1329
- Last Refresh:
- Jul 4 at 7:50 am
Property Features for 12800 and 12850 Middlebrook Road
General Information
- Standard status
- Active
- Size
- 861 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing office ROSSI Commercial Real Estate
Listing date Nov 15, 2022
Source Crexi
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 ROSSI Commercial Real Estate
HighLights
- $30 Per Square Foot seller credit at settlement.
- Excellent location in the heart of Germantown Town Center, near Holy Cross Hospital, Dept. of Energy, and Montgomery College Germantown Campus.
- Multiple size options available, ranging from 535 SF up to 15,020 SF.
- Free and generous parking ratio, higher than average.
- Renovated building (12850 Middlebrook Road) with new lobby, elevators, and restrooms (renovated in 2019).
- Close proximity to walkable shopping centers, restaurants, banks, amenities, recreational parks, residential areas, and the Germantown MARC Train Station.
Overview
Professional medical and office condos are available for sale in a two-building campus located at 12800 and 12850 Middlebrook Road in Germantown, MD. Multiple size options are available, ranging from 535 square feet up to 15,020 square feet. The property is situated in the heart of Germantown Town Center, near Holy Cross Hospital, the Department of Energy, and Montgomery College Germantown Campus, with numerous retail amenities nearby. A $30 per square foot seller credit is offered at settlement. Trevion Corporate Park consists of two four-story buildings. The building at 12850 Middlebrook Road was renovated in 2019, featuring a new lobby, elevators, and restrooms with updated finishes and an open atrium lobby. The property is located at the intersection of Middlebrook Road and Germantown Road, close to the new Germantown Holy Cross Hospital. Free parking is available with a higher-than-average parking ratio. Walkable shopping centers offer a variety of restaurants, banks, shopping, recreational parks and facilities, residential areas, the Germantown MARC Train Station, the Department of Energy, and Montgomery College, Germantown Campus.
Local Financial Insights For Healthcare Medical
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 | $27.8k | $32.28 |
| − Vacancy | −$5.2k | −$6.07 |
| EGI | $22.6k | $26.21 |
| − OpEx | −$9.0k | −$10.48 |
| NOI | $13.5k | $15.73 |
861 SF · lease $32.28/SF/yr · vacancy 18.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$193.4K
$169.3K – $225.7K
NOI $13,541 @ 7.0% cap · market cap 5.72%
Second Best
Office B
$150.3K
$131.5K – $175.4K
NOI $10,523 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$302.9K
$265.0K – $353.4K
NOI $21,202 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Map
- City
- Darnestown
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.2953
- Latitude
- 39.1292
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Professional medical and office condos for sale in Germantown.
Where is this medical office space located?
The property is located at 12800 and 12850 Middlebrook Road Darnestown, MD.
What is the asking price?
The asking price for this property is $236,775.
What are key features of this property?
This property features: $30 Per Square Foot seller credit at settlement.; Excellent location in the heart of Germantown Town Center, near Holy Cross Hospital, Dept. of Energy, and Montgomery College Germantown Campus.; Multiple size options available, ranging from 535 SF up to 15,020 SF.
