20 Courthouse Sq, Rockville, MD
Office units available near Montgomery County Courthouse and METRO.
- Added:
- Jun 28, 2024
- Days on Market:
- 714
- Last Refresh:
- May 20 at 9:47 pm
Property Features for 20 Courthouse Sq
General Information
- Standard status
- Active
- Size
- 1,522 SF
- Lot size
- 1.54 Acres
- Property subtype
- OFFICE
Properties For Sale
at 20 Courthouse Sq Contact us
Listing agent Neil Draddy License #84024
Listing office Jay Clogg Realty Group, Inc. (301) 340-9400
Listing date Jun 28, 2024
Source Moodyscre
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.
HighLights
- Professional offices ready for occupancy.
- Units available from approx. 1,324 SF up to 3,272 SF.
- Across from the Montgomery County Courthouse.
- Just three blocks from the METRO.
- Possible option to purchase.
- Lease Price: $22.50/SF net of taxes, utilities and cleaning.
Overview
Local 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 | $30.0k | $19.68 |
| − Vacancy | −$5.2k | −$3.38 |
| EGI | $24.8k | $16.30 |
| − OpEx | −$6.2k | −$4.07 |
| NOI | $18.6k | $12.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockville
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.1519
- Latitude
- 39.0848
