973-975 Russell Ave, Gaithersburg, MD
1,267 SF office suite with private entrance for sale.
- Added:
- May 10, 2024
- Days on Market:
- 771
- Last Refresh:
- May 20 at 9:51 pm
Property Features for 973-975 Russell Ave
General Information
- Standard status
- Active
- Size
- 1,267 SF
- Lot size
- 4.05 Acres
- Property subtype
- OFFICE
Properties For Sale
at 973-975 Russell Ave Contact usListing agent Jay Clogg License #67699
Listing office Jay Clogg Realty Group, Inc. (301) 340-9400
Listing date May 10, 2024
Source Moodyscre
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.
HighLights
- Private second‑floor suite with no shared entrance.
- Functional layout includes reception, conference room, 2 private offices, open work area, kitchenette, and 2 restrooms.
- Convenient location off I‑270 and Route 355, behind Costco.
- Ample free parking.
- Approximately 1,267 saleable SF.
- RE Taxes (7/1/24‑6/30/25): $3,844.92.
Overview
Local 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 | $24.9k | $19.68 |
| − Vacancy | −$4.3k | −$3.38 |
| EGI | $20.6k | $16.30 |
| − OpEx | −$5.2k | −$4.07 |
| NOI | $15.5k | $12.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gaithersburg
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.2148
- Latitude
- 39.1596