Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18522 Office Park Dr Montgomery Village, MD 20886
    Back to Search
    Property profile & analytics

    18522 Office Park Dr Montgomery Village, MD 20886

    View on Map
    • Office Spaces
    • 1,221 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 18522 Office Park Dr

    Property size
    1,221 SF
    Property type
    Office Spaces

    Description

    This exceptional 1,221 square foot executive office condominium is ideally located in Montgomery Village, Maryland, at 18522 Office Park Drive, zip code 20886. Situated on the second floor (one flight of stairs), this unit offers a desirable blend of open workspace and private offices, all enhanced by abundant natural light from its windowed offices. Currently leased until March 31, 2022, this presents a strong investment opportunity. The condo boasts a monthly fee of $230, encompassing trash and water services. Real estate taxes for the period of July 1, 2021, to June 30, 2022, totaled $2,465.50. The asking price for this turnkey office space is $205,000. This property is perfect for a business seeking a well-maintained, functional space with a mix of open and private areas, promoting both collaboration and individual focus. The convenient location in Montgomery Village offers easy access to major transportation routes and amenities. This is a rare opportunity to acquire a well-priced executive office suite in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery Village
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2028
    Latitude
    39.1609

    Comparable in this City

    • Value Estimation by Request
      1,039 SF

      15862 Office Park Dr

      Office Spaces • 1,039 SF
      15862 Office Park Dr, Montgomery Village, MD 20886
      View Details
    • Value Estimation by Request
      196,564 SF

      19142 Montgomery Village Ave

      Office Spaces • 196,564 SF
      19142 Montgomery Village Ave, Montgomery Village, MD 20886
      View Details
    • Value Estimation by Request
      1,048 SF

      18516 Office Park Dr

      Office Spaces • 1,048 SF
      18516 Office Park Dr, Montgomery Village, MD 20886
      View Details
    • Value Estimation
      $895,000
      3,400 SF

      9921 Stedwick Rd

      OFFICE BUILDING • 3,400 SF
      9921 Stedwick Rd, Montgomery Village, MD 20886-3709
      View Details
    • Value Estimation
      $3,245,000
      33,688 SF

      19650 Clb House Rd

      OFFICE BUILDING • 33,688 SF
      19650 Clb House Rd, Gaithersburg, MD 20886-3003
      View Details
    • Value Estimation
      $4,515,000
      27,972 SF

      19110 Montgomery Vlg Ave

      OFFICE BUILDING • 27,972 SF
      19110 Montgomery Vlg Ave, Gaithersburg, MD 20886-3702
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,221 SF

      Office Condominium For Sale

      Second floor office condominium with open plan and private offices.
      18522 Office Park Dr, Montgomery Village, MD 20886
      View Details
    • Contact for pricing
      1,225 SF

      Office Condo in Office Park

      Second-floor office condo suitable for medical or professional use.
      18504 2Nd St, Gaithersburg, MD 20886
      View Details
    • Contact for pricing
      1,029 SF

      Second Floor Office End Unit

      Office space with natural light and free parking available for sale.
      19614-19620 Club House Rd, Montgomery Village, MD 20886
      View Details
    • Contact for pricing
      1,495 SF

      Finished Office Unit For Sale

      Highly finished office unit with great visibility and free parking.
      19390-19394 Montgomery Village Ave, Montgomery Village, MD 20886
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Multi-Use Shopping Center For Rent

      Multi-use shopping center serving the surrounding residential area.
      19142 Montgomery Village Ave, Montgomery Village, MD 20886
      View Details
    • Contact for pricing
      2,881 SF

      Gaithersburg Office Space Available

      Office space for rent in Gaithersburg, Maryland.
      19630-19644 Club House Rd, Gaithersburg, MD 20886
      View Details
    • $1,000 /Mo

      Versatile Office Space Available

      Office space with ample room and abundant natural light.
      19650 Club House Rd, Gaithersburg, MD 20886
      View Details
    • Contact for pricing

      Versatile Office Space Available

      Office space suitable for various professional uses, convenient location.
      19650 Club House Rd, Gaithersburg, MD 20886
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Gaithersburg, MD

      Giant-anchored shopping center with high traffic and income demographics.
      20044 Goshen Rd, Montgomery Village, MD 20886
      View Details
    • Contact for pricing
      1,506 SF

      Gaithersburg Shopping Center For Rent

      169,000 SF shopping center in Montgomery County.
      19150-19235 Montgomery Village Ave, Gaithersburg, MD 20886
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18522 Office Park Dr
    Montgomery Village, MD 20886
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18522 Office Park Dr, Montgomery Village, MD, 20886
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!