Ready-to-Occupy Professional Office
20 Courthouse Sq Rockville, MD 20850
For Sale
Contact for pricing
Professional office suites for sale with multiple unit sizes, ready for occupancy across from the Montgomery County Courthouse.
Property Size1,522 SF
Price / SF$225
Days on Market762
Property Features for 20 Courthouse Sq
General Information
Standard status
Active
Size
1,522 SF
Property subtype
OFFICE
Listing Agency:
Jay Clogg Realty Group, Inc.
(301) 340-9400
Listed By:
Neil Draddy · License #84024
Source:
Moodyscre
Added: Jun 28, 2024
Changed: Jul 25
Last Checked: Jul 29 at 12:34PM
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 Jay Clogg Realty Group, Inc.
Investment Insights
Based on property information with market context.
Professional office suites are available for sale, with unit sizes reported at approximately 1,324 SF up to 3,272 SF. The spaces are described as professional offices ready for occupancy.
The property is located across from the Montgomery County Courthouse and is just three blocks from the METRO.
Pricing and terms are presented with flexibility, including a possible lease price of $22.50/SF net of taxes, utilities and cleaning, along with an option to purchase. The lease price is noted as AS IS.
The property is located across from the Montgomery County Courthouse and is just three blocks from the METRO.
Pricing and terms are presented with flexibility, including a possible lease price of $22.50/SF net of taxes, utilities and cleaning, along with an option to purchase. The lease price is noted as AS IS.
Key Highlights
- Professional office suites with unit sizes from approx. 1,324 SF up to 3,272 SF
- Across from the Montgomery County Courthouse
- Just three blocks from METRO
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 | $30.0k | $19.68 |
| − Vacancy | −$5.2k | −$3.38 |
| EGI | $24.8k | $16.30 |
| − OpEx | −$6.2k | −$4.07 |
| NOI | $18.6k | $12.22 |
1,522 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$265.7K
$232.5K – $310.0K
NOI $18,601 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$535.4K
$468.5K – $624.6K
NOI $37,478 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Professional office suites for sale with multiple unit sizes, ready for occupancy across from the Montgomery County Courthouse.
Where is this office units located?
The property is located at 20 Courthouse Sq Rockville, MD.
What is the asking price?
The asking price for this property is $342,450.
What are key features of this property?
This property features: Professional office suites with unit sizes from approx. 1,324 SF up to 3,272 SF; Across from the Montgomery County Courthouse; Just three blocks from METRO
