Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11921 Rockville Pike Rockville, MD 20852

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Centrally located office space with recent renovations and modern amenities.

    Property size:
    7,854 SF
    Lot size:
    1.66 Acres

    Property Features for 11921 Rockville Pike

    General Information

    Size
    7,854 SF
    Lot size
    1.66 Acres

    We can help!

    Listing Contact
    Robert Bob Dickman
    Robert Bob Dickman
    Source: Moodyscre

    Listing Agency: Avison Young | Suburban Maryland Listing Agent: Robert Bob Dickman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Office Space in Rockville

    Montrose Metro I, located at the interchange of Rockville Pike and Montrose Parkway in North Bethesda, offers office space with recent substantial capital improvements. The building has undergone renovations to the main lobby, elevators, and common areas, and features a new monument sign and garage upgrades. Building amenities include a fitness center and an outdoor seating area, with a shared conference center upcoming. The property is situated across from Pike and Rose, which provides dining, shopping, and entertainment options. The available space is 2180 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WomanPlace, Inc. Midwife North Bethesda Periodontal ... Dental Office Goldbaum & Rosenberg Dentistry Dental Office Bethesda Dental Dental Office Lawrence Goldbaum, DDS Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1148294
    Latitude
    39.0518046

    Nearby Similar for Lease

    • $2,995 /Mo
      6,534 SF

      Renovated Rockville Office Space Available

      Furnished office condo with upgrades, near Pike & Rose.
      6183 Executive Blvd, Rockville, MD 20852
      View Details
    • $795 /Mo
      3,920 SF

      Therapist Offices For Lease

      Furnished therapist offices available for lease in Rockville, MD.
      6175 Executive Blvd, Rockville, MD 20852
      View Details
    • $399 /Mo
      3,920 SF

      Therapist Offices for Lease

      Furnished therapist offices available for lease in Rockville, MD.
      6175 Executive Blvd, Rockville, MD 20852
      View Details
    • $650 /Mo
      3,920 SF

      Therapist Offices for Lease

      Furnished therapist offices available for lease in Rockville, MD.
      6175 Executive Blvd, Rockville, MD 20852
      View Details
    • $4,900 /Mo
      2,178 SF

      Medical Office Space For Rent

      Medical office space available for rent in Rockville, Maryland.
      5948 Hubbard Dr, Rockville, MD 20852
      View Details
    • $2,995 /Mo

      Renovated Office Condo with Furnishings

      Furnished office condo with upgrades, storage, and convenient location.
      6183 Executive Blvd, Rockville, MD 20852
      View Details
    • $399 /Mo

      Therapist Offices for Lease

      Furnished therapist offices available for lease in Rockville, MD.
      6175 Executive Blvd, Rockville, MD 20852
      View Details
    • Sponsored
      Contact for pricing

      MD, Rockville - Montgomery Ave

      Flexible workspace in MD, Rockville - Montgomery Ave
      199 Montgomery Ave, Rockville, MD 20850
      View Details
    • $3,096 /Mo

      Well-Configured Office Suite in Rockville

      Office suite near Rockville Courthouse, Metro, and Town Center.
      401 E Jefferson St, Rockville, MD 20850
      View Details
    • $4,828 /Mo

      Two-Level Office Suite in Rockville

      Well-appointed office suite near Rockville Courthouse and Metro.
      401 Jefferson St E 208, Rockville, MD 20850
      View Details
    • $3,924 /Mo

      Functional Wellness Studio Space

      Serene Rockville office suite ideal for yoga or wellness studio.
      401 Jefferson St E 108, Rockville, MD 20850
      View Details
    • $3,500 /Mo

      Rockville Office Townhouse For Rent

      Spacious Rockville townhouse ideal for legal, professional, or executive use.
      200 N Adams St, Rockville, MD 20850
      View Details

    FAQs

    What type of property is this?
    Office units - Centrally located office space with recent renovations and modern amenities.
    Where is this office units located?
    The property is located at 11921 Rockville Pike Rockville, MD.
    What are key features of this property?
    This property features: - Prime location at Rockville Pike and Montrose Parkway in North Bethesda.; - Directly across from Pike and Rose, offering dining, shopping, and entertainment.; - Recent renovations to the main lobby, elevator, common areas, monument sign, and garage.
    (301) 948-9870 Call to check price and availability
    Request Owner's contact information
    11921 Rockville Pike Rockville, MD 20852
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11921 Rockville Pike
    Rockville, MD 20852
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11921 Rockville Pike Rockville, MD 20852
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robert Bob Dickman
    Robert Bob Dickman
    (301) 948-9870 (301) 417-1091
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!