Top-Floor Office Condo
For Sale
Contact for pricing
77 S Washington St, Rockville, MD 20850
Two contiguous office condo suites with reception, conference, windowed offices, and shared access in a top-floor setting.
Property Size1,244 SF
Price / SF$225.08
Days on Market711
Property Features for 77 S Washington St
General Information
Standard status
Active
Size
1,244 SF
Total Parking Spaces
7
Property subtype
OFFICE
Financials
Asking Price
$669,999
HOA Fee
$4,005
Additional Details
Floor
Top floor
Public Transit
Yes
Office Units
2
Building Details
Buildings
1
Stories
3
Listing Agency:
Jay Clogg Realty Group, Inc.
(301) 340-9400
Listed By:
Jay Clogg · License #67699
Source:
Moodyscre
Added: Aug 23, 2024
Changed: Jul 29
Last Checked: Aug 3 at 7:11AM
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.
Office condo suite offerings in Rockville, MD at 77 S Washington St, located on the top floor of a 3-story building. Suite 302 offers approximately 1,844 usable SF, and Suite 308 offers approximately 1,244 usable SF. When combined, Suites 302 and 308 total approximately 3,088 usable SF.
Both contiguous office condos feature a reception area, conference room, open work area, and multiple windowed offices. The building is one block to the courthouse and two blocks to METRO, providing convenient access for staff and visiting clients.
If both suites are purchased, seven dedicated underground parking spaces in the garage are included.
Both contiguous office condos feature a reception area, conference room, open work area, and multiple windowed offices. The building is one block to the courthouse and two blocks to METRO, providing convenient access for staff and visiting clients.
If both suites are purchased, seven dedicated underground parking spaces in the garage are included.
Key Highlights
- Suite 302: approx. 1,844 usable SF
- Suite 308: approx. 1,244 usable SF
- Suites 302 & 308 together: approx. 3,088 usable SF
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 | $24.5k | $19.68 |
| − Vacancy | −$4.2k | −$3.38 |
| EGI | $20.3k | $16.30 |
| − OpEx | −$5.1k | −$4.07 |
| NOI | $15.2k | $12.22 |
1,244 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$217.2K
$190.0K – $253.4K
NOI $15,203 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$437.6K
$382.9K – $510.6K
NOI $30,633 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
3,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 20850, MD
51,045
Population
22,468
Households
2.3
Avg Household Size
41
Median Age
67%
College-Educated
94%
High-School Grad
14.1 sq mi
ZIP Area
3,620
Density / Sq Mi
$122,691
Median Household Income
$77,679
Median Earnings
$2,277
Median Rent
$687,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Two contiguous office condo suites with reception, conference, windowed offices, and shared access in a top-floor setting.
Where is this office units located?
The property is located at 77 S Washington St Rockville, MD.
What is the asking price?
The asking price for this property is $279,999.
What are key features of this property?
This property features: Suite 302: approx. 1,844 usable SF; Suite 308: approx. 1,244 usable SF; Suites 302 & 308 together: approx. 3,088 usable SF
