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 Market864
Property Features for 20 Courthouse Sq
General Information
Standard status
Size
Property subtype
Listing Agency:
Jay Clogg Realty Group, Inc.
(301) 340-9400
Listed By:
Neil Draddy · License #517997
(301) 509-8820
Source:
Moodyscre
Added: Jun 28, 2024
Changed: Nov 5
Last Checked: Nov 8 at 3:45AM
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.
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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
Estimated NOI and Cap Rate
NOI / Yr
$18,601
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,020
$372.0K
Cap Rate 7%
$265,729
$265.7K
Cap Rate 9%
$206,678
$206.7K
Market Conditions
NOI Build-Up for 1,522 SF
Gross rent
$30.0K $19.68/SF
− Vacancy
−$5.2K −$3.38/SF
EGI
$24.8K $16.30/SF
− OpEx
−$6.2K −$4.07/SF
NOI
$18.6K $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%
$372,020
Cap Rate 7%
$265,729
Cap Rate 9%
$206,678
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,289
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
$687,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Professional office suites for sale with multiple unit sizes, ready for occupancy across from the Montgomery County Courthouse.
Where is this office unit 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
