Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1688 E GUDE Dr 204 Rockville, MD 20850

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $219,000

    Office condo with storage area, easily accessible and great location.

    Type:Commercial
    Added:
    Apr 14, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 14 at 6:53 am

    Property Features for 1688 E GUDE Dr 204

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Mingfei Ha

    Listing agent Mingfei Ha License #SP98379551

    Listing office CAPSTAR PROPERTIES

    Listing date Apr 14, 2026

    Source Elliman

    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 CAPSTAR PROPERTIES

    Overview

    Accessible Office Condo with Storage

    This office condo offers convenient accessibility and includes a storage area. The property backs onto a golf course and is situated in a location that is considered very walkable, with a walk score of 74. The area is also bikeable, indicated by a bike score of 61. Public transportation is readily available, reflected in a transit score of 50.
    Location Intelligence

    Current Use by Public Records

    Mirbagheri & Smith LLP Law Firm Environmental Management Services, ... Social Service Agency NALC Advocacy Group Henning Associates Inc Acoustical Consultant Deorsey & Thompson Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1298968
    Latitude
    39.0927869

    Nearby Similar for Sale

    • $482,995

      Renovated Rockville Office Condo For Sale

      Renovated office condo with long-term medical tenant near Pike & Rose.
      6181 EXECUTIVE Boulevard, ROCKVILLE, MD 20852
      View Details
    • $1,495,000
      4,736 SF

      Iconic Rockville Office Building

      Rare opportunity near Maryland District Court and Rockville District Courthouse.
      101 S WASHINGTON St, Rockville, MD 20850
      View Details
    • $650,000

      Medical Office in Rockville, MD

      Medical office for sale or rent in Rockville, Maryland.
      5948 HUBBARD Drive, ROCKVILLE, MD 20852
      View Details
    • $1,900,000
      6,142 SF

      Versatile Commercial Units in Rockville

      First-floor units suitable for office, medical, retail, or service uses.
      14801 PHYSICIANS Ln 171-B&C, Rockville, MD 20850
      View Details
    • $1,495,000
      4,160 SF

      Iconic Rockville Office Building For Sale

      Rare opportunity to own the iconic Lamar House.
      101 S Washington St, ROCKVILLE, MD 20850
      View Details
    • $350,000

      Rockville Rehab Opportunity Near Pike

      Distressed Rockville property near Rockville Pike and I-270.
      131 Rollins Ave 3 & 3A, Rockville, MD 20852
      View Details
    • $150,000

      Rockville Grocery Store Business Opportunity

      Indian and Pakistani grocery store business for sale in Rockville.
      15110 FREDERICK RD, ROCKVILLE, MD 20850
      View Details
    • $219,000
      654 SF

      Rockville Office Condo For Sale

      Well-maintained office condo with functional layout, convenient location, ample parking.
      15825 CRABBS BRANCH Way 9-A, Rockville, MD 20855
      View Details
    • $1,900,000
      6,142 SF

      Versatile Commercial Units For Sale

      First-floor commercial units suitable for office, medical, retail uses.
      14801 Physicians Ln #171-b&c, ROCKVILLE, MD 20850
      View Details
    • $1,900,000
      12,284 SF

      Medical/Office Space in Rockville

      Located in the I-270 Life Sciences and Medical District.
      14801 Physicians Ln #171-B&C, Rockville, MD 20850
      View Details
    • $350,000

      Rockville Retail Rehab Opportunity

      Distressed retail property near Rockville Pike, ideal for investors.
      131 Rollins Ave #3 & 3a, ROCKVILLE, MD 20852
      View Details
    • $37

      Rockville Retail Space Available

      Retail space for sale in Rockville, Maryland.
      178 Rollins Ave - Retail, Rockville, MD 20852
      View Details

    FAQs

    What type of property is this?
    Office units - Office condo with storage area, easily accessible and great location.
    Where is this office units located?
    The property is located at 1688 E GUDE Dr 204 Rockville, MD.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: Great location; Backs to Golf Course; Easily accessible office condo with storage area
    (301) 741-8567
    We can help!
    Listing Contact
    Mingfei Ha
    Real Estate License ID: SP98379551
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!