Professional Office
For Sale
Contact for pricing
20 Courthouse Sq, Rockville, MD 20850
Office units ready for occupancy across from the Montgomery County Courthouse with METRO access three blocks away.
Property Size2,101 SF
Price / SF$225
Days on Market767
Property Features for 20 Courthouse Sq
General Information
Standard status
Active
Size
2,101 SF
Property subtype
OFFICE
Additional Details
Asking Price
$736,200
Public Transit
Yes
Listing Agency:
Jay Clogg Realty Group, Inc.
(301) 340-9400
Listed By:
Neil Draddy · License #84024
Source:
Moodyscre
Added: Jun 28, 2024
Changed: Jul 31
Last Checked: Aug 3 at 11:32AM
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.
Professional office units are ready for occupancy at 20 Courthouse Sq in Rockville. Available units range from approximately 1,324 SF to 3,272 SF, with Units 203 and 206 capable of being combined into a 3,272 SF configuration.
The property is located across from the Montgomery County Courthouse and three blocks from the METRO, providing a courthouse-oriented setting with nearby transit access.
The property is located across from the Montgomery County Courthouse and three blocks from the METRO, providing a courthouse-oriented setting with nearby transit access.
Key Highlights
- Units available from approximately 1,324 SF to 3,272 SF
- Units 203 and 206 may be combined to form 3,272 SF
- Across from the Montgomery County Courthouse
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 | $41.3k | $19.68 |
| − Vacancy | −$7.1k | −$3.38 |
| EGI | $34.2k | $16.30 |
| − OpEx | −$8.6k | −$4.07 |
| NOI | $25.7k | $12.22 |
2,101 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$366.8K
$321.0K – $428.0K
NOI $25,677 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$739.1K
$646.7K – $862.3K
NOI $51,736 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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Frequently Asked Questions
What type of property is this?
Office units - Office units ready for occupancy across from the Montgomery County Courthouse with METRO access three blocks away.
Where is this office units located?
The property is located at 20 Courthouse Sq Rockville, MD.
What is the asking price?
The asking price for this property is $472,725.
What are key features of this property?
This property features: Units available from approximately 1,324 SF to 3,272 SF; Units 203 and 206 may be combined to form 3,272 SF; Across from the Montgomery County Courthouse
