13 E DEER PARK 15 E, GAITHERSBURG, MD 20877
DEER PARK · MONTGOMERY County
Key Facts
Description
Deer Park’s three-building campus presents a rare and compelling development opportunity, RB zoning offer a unique range of permitted uses. Specifically this zoning allows foradaptive reuse and a maximum building footprint of 17,847 square feet (30% of the site). A new two-over-two condominium community located within one block of the property is currently selling units starting at $600,000. Subject to City of Gaithersburg approval, the East Deer Park campus has the potential to yield up to 34 similar two-over-two condominium units. The property is currently approximately 60% leased and is projected to reach 80% occupancy within the next 60 days. This asset offers strong appeal to income-focused investors seeking a buy-and-hold opportunity or a stable cash-flow investment. The campus enjoys excellent proximity to the MARC train station, Olde Town Gaithersburg, the Shady Grove Metro, the ICC, and the I-270 corridor. It also benefits from prominent marketing exposure along North Frederick Avenue, with high traffic volumes and exceptional curb visibility.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1970
Living Area
17,445 sq ft
Lot Size
1.36 acres
Parking Spaces
50
Zoning
RB
Days on Market
78
MLS® Listing#
MDMC2228642
Property Features
Appliances
Cooling
Heating
Flooring
Parking
Construction
Roof
Sewer
Water Source
Schools
- High:
- GAITHERSBURG
- District:
- MONTGOMERY COUNTY PUBLIC SCHOOLS
Financial Details
Annual Taxes
$37,595
Tax year 2026
Parcel Number
160903122978
Directions
MD 200 ICC ti N, Freedrick RT355 North to e deer park tuyrn right property on immediate left
Affordability Calculator
$590,000
Estimated monthly payment
$15,701/mo
Principal $2,360,000 · Est. interest $3,292,410 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in GAITHERSBURG, MD
- $543,103
- Median Listing Price
- 43
- Median Days on Market
- 1,996
- Median Sq Ft
- $270
- Median Price / Sq Ft
- 215
- Active Listings
- This home’s price is 443% above the area median.
- Its price per sq ft is 37% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in GAITHERSBURG, MD.
Location
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Points of Interest in GAITHERSBURG, MD
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 16850 OAKMONT AVENUE, GAITHERSBURG, MD | $2,395,500 | — | — | 1,624 |
| 9415 STEWARTOWN ROAD, GAITHERSBURG, MD | $2,700,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in GAITHERSBURG
Listing Courtesy: RE/MAX Realty Centre, Inc. - 3017745900