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    2 Newgate Rd Rockville, MD 20850

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    For Sale
    $775,000

    Approved lot in Glen Hills area, RE1 zoning.

    Lot size:
    0.92 Acres

    Property Features for 2 Newgate Rd

    General Information

    Lot size
    0.92 Acres
    Source: Corcoran

    Listing Agent: Zhixiong Shi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Glen Hills

    Lot 2 is available for sale as part of an approved four-lot subdivision. The property is situated in the Glen Hills area. It is zoned RE1 and has an area close to an AC (40,216 SQF). The projected recordation timeframe is between August and September.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Clothing Store Pharmacy Accounting Firm Daycare Center Electrical Service Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2029608
    Latitude
    39.0617973

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    FAQs

    What type of property is this?
    Land - Approved lot in Glen Hills area, RE1 zoning.
    Where is this land located?
    The property is located at 2 Newgate Rd Rockville, MD.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Approved lot in a 4-lot subdivision.; - Located in the desirable Glen Hills area.; - Zoned RE1.
    (301) 972-5588
    Request Owner's contact information
    2 Newgate Rd Rockville, MD 20850
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    Rockville, MD 20850
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    Realmo Value Estimation

    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.

    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.

    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
    2 Newgate Rd Rockville, MD 20850
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