Rockville Office Space For
131 Mt Vernon Pl, Rockville, MD
For Sale
Contact for pricing
Second floor office space near shopping and METRO.
Property Size1,007 SF
Lot Size1.64 Acres
Price / SF$267.13
Days on Market553
Property Features for 131 Mt Vernon Pl
General Information
Standard status
Size
Lot size
Property subtype
Properties For Sale
at 131 Mt Vernon Pl
751 Rockville Pike
AVAILABLE, Now
Floor
1
Size
1,007 SF
Type
OFFICE
Lease Type
PLUS_ELECTRIC
Sublease
No
- 2nd Floor office space - 1 flight of steps up.
- Combine both units to form 2,014 SF.
- Located in Barristers Place condominiums, adjacent to Marlo Furniture.
- Very close to food, shopping and METRO.
- Tenant controlled heating & air conditioning for 24 hour use.
- Abundant free parking in private lot.
Contact us
Listing Agency:
Jay Clogg Realty Group, Inc.
(301) 340-9400
Listed By:
Jay Clogg · License #67699
Source:
Moodyscre
Added: May 5, 2025
Changed: Oct 25
Last Checked: Nov 6 at 8:07AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a second-floor office space, accessible by one flight of steps. The unit is located in Barristers Place condominiums, adjacent to Marlo Furniture. The location provides close proximity to food, shopping, and the METRO. The property offers tenant-controlled heating and air conditioning, allowing for 24-hour use. Abundant free parking is available in a private lot. The property has a size of 1007 square feet. Two units can be combined to create a 2,014 square foot space.
Key Highlights
- Convenient location: Very close to food, shopping, and METRO.
- Abundant free parking in private lot.
- Tenant controlled heating & air conditioning for 24 hour use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,307
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,140
$246.1K
Cap Rate 7%
$175,814
$175.8K
Cap Rate 9%
$136,744
$136.7K
Market Conditions
NOI Build-Up for 1,007 SF
Gross rent
$19.8K $19.68/SF
− Vacancy
−$3.4K −$3.38/SF
EGI
$16.4K $16.30/SF
− OpEx
−$4.1K −$4.07/SF
NOI
$12.3K $12.22/SF
Area
Montgomery County, MD
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,140
Cap Rate 7%
$175,814
Cap Rate 9%
$136,744
Alternative Uses
Best Use
Office B
$175.8K
$153.8K – $205.1K
NOI $12,307 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$354.2K
$310.0K – $413.3K
NOI $24,797 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,857
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Rockville, MD
Properties on Market for Office Units in Rockville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second floor office space near shopping and METRO.
Where is this office unit located?
The property is located at 131 Mt Vernon Pl Rockville, MD.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Convenient location: Very close to food, shopping, and METRO.; Abundant free parking in private lot.; Tenant controlled heating & air conditioning for 24 hour use.
