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    Brand-New Office Spec Suite Title is generated by Realmo AI

    11 N Washington Street, Rockville, MD 20850

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    Brand-new office suite in an upgraded building with on-site management, shower facilities, and future conference lounge amenities.

    Type:Office
    Property size:
    41,276 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:43 am

    Property Features for 11 N Washington Street

    General Information

    Standard status
    Active
    Size
    41,276 SF
    Property subtype
    Office

    Spaces For Lease

    at 11 N Washington Street Contact us

    We can help!

    Listing Contact
    Ethan Bernardi
    Ethan Bernardi

    Listing agent Ethan Bernardi

    Listing office Lincoln Property Company | Rockville

    Listing date Jun 2, 2026

    Source Lpc

    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 Lincoln Property Company | Rockville

    HighLights

    • Full‑floor office opportunity on the 7th floor: 14,555 SF
    • Suite 470 is brand new, with a high‑end spec suite coming soon
    • Upgraded building planned with lobby enhancements and a future conference facility and tenant lounge
    • On‑site property management and exterior building signage available for full‑floor tenant
    • Convenient amenities: on‑site shower facilities and free Gold’s Gym membership for tenants
    • Location near major routes: I‑270 (1.5 mi), I‑370 (3.0 mi), and ICC (4.6 mi), with minutes to MARC and Rockville Metro

    Overview

    Suite 470 offers a brand-new, high-end spec office configuration and positions your team in a building that’s actively upgrading common areas. Building improvements are forthcoming, including lobby enhancements, along with a future conference facility and tenant lounge designed to support everyday work and visiting meetings. The building also features on-site property management and on-site shower facilities, and tenants may receive a free Gold’s Gym membership. Exterior building signage is available for a full-floor tenant.

    Located at 11 N Washington Street in Rockville, the property is set up for straightforward commuting and client access. It provides seamless access to major highways and is minutes from MARC and Rockville Metro Station. The property is also within walking distance to Rockville Town Square, with proximity to I-270, ICC, and I-370.

    This space should fit tenants who want a move-in-ready suite with an operator on-site and practical amenities for staff. For users considering scale, there is a full-floor opportunity on the 7th floor, offering a larger footprint option within the same upgraded office environment.
    Location Intelligence

    Current Use by Public Records

    Alan Schultz-U.S. Bank ... Loan Service PBMares, LLP Accounting Firm Law Offices of Sandra ... Law Firm Sandler Law LLC Law Firm Camilla O. McRory, ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store 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
    -77.1525917
    Latitude
    39.0846937

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    FAQs

    What type of property is this?
    Office units - Brand-new office suite in an upgraded building with on-site management, shower facilities, and future conference lounge amenities.
    Where is this office units located?
    The property is located at 11 N Washington Street Rockville, MD.
    What are key features of this property?
    This property features: Full‑floor office opportunity on the 7th floor: 14,555 SF; Suite 470 is brand new, with a high‑end spec suite coming soon; Upgraded building planned with lobby enhancements and a future conference facility and tenant lounge
    (301) 304-8300
    We can help!
    Listing Contact
    Ethan Bernardi
    Ethan Bernardi
    Learn More
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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.

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