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Iconic Rockville Office Building

101 S WASHINGTON St Rockville, MD 20850

101 S WASHINGTON St, Rockville, MD, 20850
$1,495,000
For Sale
$1,495,000

Rare opportunity near Maryland District Court and Rockville District Courthouse.

Property Size4,736 SF
Price / SF$315.67
Days on Market90

Property Features for 101 S WASHINGTON St

General Information

Standard status
Active
Size
4,736 SF
Property subtype
Commercial

Building Details

Year Built
1902
Listing agency Rory S. Coakley Realty, Inc.
Listed by Rory S Coakley
Source Elliman
Added: Apr 24 Updated: Jul 10 at 1:19PM Checked: Jul 21 at 8:33AM

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 Rory S. Coakley Realty, Inc.


Investment Insights

Based on property information with market context.

This commercial property, also known as the Washington Building, presents a rare opportunity to own the iconic Lamar House. Located at 101 S Washington Street in downtown Rockville, it is situated just a block from the Maryland District Court and the Rockville District Courthouse. The Metro location provides convenient access to I-270, I-495, Rockville Pike, and the various restaurants, shops, and amenities of Rockville Town. Originally constructed as a single-family residence, this stately Georgian Revival Colonial was thoughtfully converted into an office building in the 1950s, with a rear addition added around 1980. The property has been updated and well maintained. It features an estimated 4,160 square feet on the first and second levels, along with a bonus third floor level of approximately 576 square feet and a lower level offering ample storage space. The recently renovated first floor includes high ceilings, hardwood floors, wood trim, a vestibule, a reception room, a large conference room (or additional office), four nice-sized offices, an open work area, and two powder rooms. The second level offers six additional offices, a second large open work area, and two more powder rooms. The building features a slate roof, an attractive front porch, and a covered back entrance. A large parking lot can accommodate approximately 13 cars. The location has a bike score of 66, indicating it is bikeable, a walk score of 82, indicating it is very walkable, and a transit score of 69, indicating good transit options.

Key Highlights

  • Prime Location: One block from Maryland District Court and Rockville District Courthouse in downtown Rockville, with easy access to I‑270, I‑495, Rockville Pike, and Rockville Town Center amenities.
  • Substantial Square Footage: Approximately 4,160 SF on the first and second levels, plus a bonus 576 SF third floor and ample storage in the lower level.
  • Ample Parking: Large parking lot accommodating approximately 13 cars.

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 $93.2k $19.68
− Vacancy −$16.0k −$3.38
EGI $77.2k $16.30
− OpEx −$19.3k −$4.07
NOI $57.9k $12.22
4,736 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$826.9K
$723.5K – $964.7K (±1% cap)
NOI $57,880 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.94M (±1% cap)
NOI $116,621 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Brault Graham Scott ... Law Firm Brault Graham Law Firm Montgomery County Courthouse ... Tour Operator Roegge Bradford J Law Firm Brault Albert D Law Firm

Suggested Use

Building Supply Big Box & Wholesale Store Auto Parts Store Pharmacy Electrical Service Hotel & Motel Nail Salon Hair Salon (Bike/Boat/Book/etc) Store Dental Office

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

FAQs

What type of property is this?
Office building - Rare opportunity near Maryland District Court and Rockville District Courthouse.
Where is this office building located?
The property is located at 101 S WASHINGTON St Rockville, MD.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Prime Location: One block from Maryland District Court and Rockville District Courthouse in downtown Rockville, with easy access to I‑270, I‑495, Rockville Pike, and Rockville Town Center amenities.; Substantial Square Footage: Approximately 4,160 SF on the first and second levels, plus a bonus 576 SF third floor and ample storage in the lower level.; Ample Parking: Large parking lot accommodating approximately 13 cars.
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