Germantown Medical/Office Condos For
For Sale
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12800 and 12850 Middlebrook Road, Darnestown, MD 20874
Professional medical and office condos for sale in Germantown.
Property Size861 SF
Price / SF$275
Days on Market1420
Property Features for 12800 and 12850 Middlebrook Road
General Information
Standard status
Active
Size
861 SF
Class
A
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1989
Year Renovated
2019
Buildings
2
Stories
4
Tenancy
Multi
Listing Agency:
ROSSI Commercial Real Estate
Listed By:
Brian Rossi · License #MD 515851
Source:
Crexi
Added: Nov 15, 2022
Changed: Sep 14
Last Checked: Oct 5 at 3:36PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,541
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,820
$270.8K
Cap Rate 7%
$193,443
$193.4K
Cap Rate 9%
$150,456
$150.5K
Market Conditions
NOI Build-Up for 861 SF
Gross rent
$27.8K $32.28/SF
− Vacancy
−$5.2K −$6.07/SF
EGI
$22.6K $26.21/SF
− OpEx
−$9.0K −$10.48/SF
NOI
$13.5K $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 Rate 5%
$270,820
Cap Rate 7%
$193,443
Cap Rate 9%
$150,456
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20874, MD
62,908
Population
23,081
Households
2.7
Avg Household Size
37
Median Age
49%
College-Educated
90%
High-School Grad
22.7 sq mi
ZIP Area
2,771
Density / Sq Mi
$109,648
Median Household Income
$57,436
Median Earnings
$1,938
Median Rent
$385,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
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.
