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 Market456
Property Features for 131 Mt Vernon Pl
General Information
Standard status
Active
Size
1,007 SF
Lot size
1.64 Acres
Property subtype
OFFICE
Listing Agency:
Jay Clogg Realty Group, Inc.
(301) 340-9400
Listed By:
Jay Clogg · License #67699
Source:
Moodyscre
Added: May 5, 2025
Changed: Jul 10
Last Checked: Jul 21 at 4:47AM
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 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 | $19.8k | $19.68 |
| − Vacancy | −$3.4k | −$3.38 |
| EGI | $16.4k | $16.30 |
| − OpEx | −$4.1k | −$4.07 |
| NOI | $12.3k | $12.22 |
1,007 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,121
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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.
