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    6183 Executive Blvd, Unit 2-B Rockville, MD 20852

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    For Lease
    $2,995 /Mo

    Furnished office condo with upgrades, storage, and convenient location.

    Lot size:
    0.15 Acres

    Property Features for 6183 Executive Blvd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.15 Acres

    Building Details

    Year built
    1981

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    Listing Contact
    Robert G Epstein
    Source: Elliman

    Listing Agency: Paradise Realty Inc Listing Agent: Robert G Epstein

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

    Learn more

    Overview

    Renovated Office Condo with Furnishings

    This renovated two-story office condo offers between 1,000 and 2,220 square feet of space, along with extra storage capacity. The property features high ceilings and a spacious, furnished reception area. A kitchenette includes custom cabinets and granite countertops. The layout incorporates a conference room and private bathrooms. There are seven offices, with three on the main level and four on the upper level. The offices are fully furnished with desks, tables, and chairs. The upper offices are glass-enclosed. Upgraded energy-efficient lighting and ceiling tiles are installed throughout. Oversized windows provide natural light and can be opened for fresh air. HVAC systems with multiple zones allow for temperature control. A large storage area and a security system are in place. The property is located in a professional office park with a landscaped exterior courtyard entrance and free parking. It is within walking distance of the Pike and Rose Retail Center, the North Bethesda Metro Station, and the Montgomery County Conference Center. The current tenant is downsizing and willing to subsidize rent for a new tenant for the remainder of the lease term.
    Location Intelligence

    Current Use by Public Records

    Alliance Consulting Business Management Consultant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1247253
    Latitude
    39.0492546

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    FAQs

    What type of property is this?
    Office units - Furnished office condo with upgrades, storage, and convenient location.
    Where is this office units located?
    The property is located at 6183 Executive Blvd, Unit 2-B Rockville, MD.
    What is the lease rate?
    The lease rate is $2,995 /Mo.
    What are key features of this property?
    This property features: - Below Market Rent with Tenant Subsidization: Benefit from reduced rental costs.; - Prime Location: Excellent location within walking distance to Pike and Rose Retail Center, North Bethesda Metro Station, and Montgomery County Conference Center.; - Fully Furnished & Move-In Ready: Includes desks, tables, chairs, and a furnished reception area.
    (561) 990-9020
    Request Owner's contact information
    6183 Executive Blvd, Unit 2-B Rockville, MD 20852
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    Rockville, MD 20852
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    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
    6183 Executive Blvd, Unit 2-B Rockville, MD 20852
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    We can help!
    Listing Contact
    Robert G Epstein
    Real Estate License ID: 85719
    (561) 990-9020 (301) 367-5996
    Learn more
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