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    First-Floor Office Sublease Suite Title is generated by Realmo AI

    1700 Rockville Pike, Rockville, MD 20852

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    First-floor office suite in a six-story building with fitness, conference space, and on-site management, near transit.

    Type:Office
    Property size:
    1,000 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:48 am

    Property Features for 1700 Rockville Pike

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 1700 Rockville Pike Contact us

    We can help!

    Listing Contact
    John Olson
    John Olson

    Listing agent John Olson

    Listing office Lincoln Property Company | Washington DC

    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 | Washington DC

    HighLights

    • First‑floor office space for sublease in a six‑story office building on Rockville Pike
    • On‑site property management and attached to the Hilton Hotel with dining and conferencing options
    • Tenant amenities include fitness, conference space, and restrooms
    • Ample parking and easy access to nearby highways
    • Adjacent to Twinbrook Metro and surrounded by retail and dining along busy Rockville Pike
    • Nearby new Wegmans mixed‑use development

    Overview

    Available for sublease, this 1st-floor office space is located within a six-story office building along Rockville Pike. The offering includes access to a full amenity set, with brand new tenant amenities such as fitness, conference facilities, and restrooms, supported by on-site property management. With its first-floor location, the space is well suited for teams that value straightforward day-to-day access.

    The building is prominently positioned on Rockville Pike, surrounded by retail and dining options on a busy corridor. Tenants benefit from ample parking and easy access to nearby highways, along with proximity to regional airports. The property is attached to the Hilton Hotel, providing additional dining and conferencing options, and it is adjacent to Twinbrook Metro. A new Wegmans mixed-use development is also part of the surrounding area.

    This suite can work well for professional groups seeking an office base with built-in services and shared workplace amenities. The combination of on-site management, conference support, and convenient access to transit and major routes makes it practical for both established operators and growing teams that want fewer operational overhead items.
    Location Intelligence

    Current Use by Public Records

    United Development USA ... (Bike/Boat/Book/etc) Store Dovel Technologies (Bike/Boat/Book/etc) Store National Minority Manufacturing ... Industrial Manufacturer Abbott Laboratories Medical Laboratory Business Law Associates, ... Law Firm

    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
    -77.1226429
    Latitude
    39.0619302

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    FAQs

    What type of property is this?
    Office units - First-floor office suite in a six-story building with fitness, conference space, and on-site management, near transit.
    Where is this office units located?
    The property is located at 1700 Rockville Pike Rockville, MD.
    What are key features of this property?
    This property features: First‑floor office space for sublease in a six‑story office building on Rockville Pike; On‑site property management and attached to the Hilton Hotel with dining and conferencing options; Tenant amenities include fitness, conference space, and restrooms
    (202) 513-6700
    We can help!
    Listing Contact
    John Olson
    John Olson
    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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    1700 Rockville Pike, Rockville, MD 20852
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