Rockville Office Space For
For Sale
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131 Mt Vernon Pl, Rockville, MD
Second floor office space near shopping and METRO.
Property Size1,007 SF
Lot Size1.64 Acres
Price / SF$267.13
Days on Market507
Property Features for 131 Mt Vernon Pl
General Information
Standard status
Active
Size
1,007 SF
Lot size
1.64 Acres
Property subtype
OFFICE
Properties For Sale
at 131 Mt Vernon Pl Contact us- Floor
- 1
- Size
- 1,007 SF
- Type
- OFFICE
- Lease Type
- PLUS_ELECTRIC
- Availability
- AVAILABLE, Now
- Sublease
- No
751 Rockville Pike
- 2nd Floor office space - 1 flight of steps up.
- Combine both units to form 2,014...
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Listing Agency:
Jay Clogg Realty Group, Inc.
(301) 340-9400
Listed By:
Jay Clogg · License #67699
Source:
Moodyscre
Added: May 5, 2025
Changed: Sep 10
Last Checked: Sep 22 at 8:44PM
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.
Investment Insights
Based on property information with market context.
This is a second-floor office space, accessible by one flight of steps. The unit is located in Barristers Place condominiums, adjacent to Marlo Furniture. The location provides close proximity to food, shopping, and the METRO. The property offers tenant-controlled heating and air conditioning, allowing for 24-hour use. Abundant free parking is available in a private lot. The property has a size of 1007 square feet. Two units can be combined to create a 2,014 square foot space.
Key Highlights
- Convenient location: Very close to food, shopping, and METRO.
- Abundant free parking in private lot.
- Tenant controlled heating & air conditioning for 24 hour use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,307
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,140
$246.1K
Cap Rate 7%
$175,814
$175.8K
Cap Rate 9%
$136,744
$136.7K
Market Conditions
NOI Build-Up for 1,007 SF
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.
Gross rent
$19.8K $19.68/SF
− Vacancy
−$3.4K −$3.38/SF
EGI
$16.4K $16.30/SF
− OpEx
−$4.1K −$4.07/SF
NOI
$12.3K $12.22/SF
Area
Montgomery County, MD
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,140
Cap Rate 7%
$175,814
Cap Rate 9%
$136,744
Alternative Uses
Best Use
Office B
$175.8K
$153.8K – $205.1K
NOI $12,307 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$354.2K
$310.0K – $413.3K
NOI $24,797 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,857
Businesses Nearby
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Business Placement
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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?
Office units - Second floor office space near shopping and METRO.
Where is this office units located?
The property is located at 131 Mt Vernon Pl Rockville, MD.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Convenient location: Very close to food, shopping, and METRO.; Abundant free parking in private lot.; Tenant controlled heating & air conditioning for 24 hour use.
