200 Professional DrGaithersburg, MD 20879

Property Details for 200 Professional Dr

Year built

1982

Construction

BRICK

Lot size

3.70 AC

Property size (Sq ft)

63,101 SF

Zone code

MXD

Property type

Office properties

Property subtype

Office buildings

APN

09-02214732

APU

902214732

Description

This exceptional four-story Class B office building, located at 200 Professional Drive, Suite 300, Gaithersburg, MD 20879, presents a unique investment or owner-occupier opportunity. The property boasts a total of 63,000 square feet, with 35,000 square feet currently vacant, offering significant potential. Situated on a 3.7-acre lot, the building benefits from convenient access to Route 355 and the new I-270 interchange, ensuring excellent visibility and accessibility. The building underwent renovations in 2024, and features include elevators. The property is suitable for a variety of uses, including executive office space, medical office space, and biotech companies. The single-tenant occupancy allows for flexibility and control. This is a rare opportunity to acquire a substantial office building in a thriving Maryland location. The building's size and location make it ideal for a large company seeking to establish a significant presence in the area or for an investor looking for a strong return. The ample vacant space provides the opportunity for immediate occupancy or lease-up potential. Don't miss this chance to own a prime piece of commercial real estate in Gaithersburg.

• CAP approach

  CAP return

  Valuation

  6%

  $15,686,647

  6.5%

  $14,479,982

  7%

  $13,445,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,478,414

  Geo Method

  $12,616,414

• Alternative Use

  Use

  Valuation

  Residential

  $17,955,178

  Hospitality

  $16,446,846

  Educational

  $13,683,583

  Medical

  $14,154,182

  Retail

  $21,285,574

Location Insight

City

Gaithersburg

County

Montgomery

State

Maryland

Latitude

39.1632

Longitude

-77.2286

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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