Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Rockville Title is generated by Realmo AI

    38 Maryland Ave, Rockville, MD 20850

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available for lease in Rockville, Maryland.

    Type:RETAIL
    Property size:
    6,654 SF
    Added:
    May 14, 2026
    Days on Market:
    19
    Last Refresh:
    May 14 at 9:18 pm

    Property Features for 38 Maryland Ave

    General Information

    Standard status
    Active
    Size
    6,654 SF
    Property subtype
    RETAIL

    Spaces For Lease

    at 38 Maryland Ave Contact us

    We can help!

    Listing Contact
    Mike Howard

    Listing agent Mike Howard

    Listing office Rappaport

    Listing date May 14, 2026

    Source Moodyscre

    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 Rappaport

    HighLights

    • Retail space available for lease
    • Located in Rockville, Maryland

    Overview

    This commercial real estate property offers 6,654 square feet of retail space. Located in Rockville, Maryland, the property is suitable for retail businesses.
    Location Intelligence

    Current Use by Public Records

    Law Office of Alex ... Law Firm Palladian Apartments Apartment Building Palladian Condominiums Condominium Complex Rockville Town Square ... Homeowners' Association

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1507267
    Latitude
    39.0854494

    Nearby Similar for Lease

    • $2,800/Mo
      1,823 SF

      Move-in Ready Rockville Office Space

      Sublet opportunity in a well-established business park with amenities.
      9200 CORPORATE Boulevard, ROCKVILLE, MD 20850
      View Details
    • $129-$4,496/Mo
      11-1,292 SF

      MD, Rockville - 2275 Research Blvd

      2275 Research Blvd, Unit 5TH, Rockville, MD 20850
      View Details
    • Sponsored
      $129-$4,736/Mo
      11-1,292 SF

      MD, Rockville - Montgomery Ave

      199 Montgomery Ave, Rockville, MD 20850
      View Details
    • $2,800/Mo
      1,823 SF

      Move-in-Ready Office Space Available

      Office space for sublease in well-appointed business park.
      330-9200 Corporate Blvd, Rockville, MD
      View Details
    • $2,700/Mo
      1,500 SF

      Rockville Office Space For Rent

      Office space near Montgomery College and courthouse available for rent.
      966 HUNGERFORD Dr 26, Rockville, MD 20850
      View Details
    • $20 SF/Yr
      13,376 SF

      Rockville Mixed-Use Building for Rent

      13,376 SF mixed-use building near Rockville Metro station.
      300 N Stonestreet Ave, Rockville, MD
      View Details
    • $40 SF/Yr
      10,000 SF

      LEED Gold Certified Office Building

      Class A office building with I-270 visibility for rent.
      1101 Wootton Parkway, Rockville, Maryland 20852
      View Details
    • $32 SF/Yr
      7,144 SF

      Renovated Office Space in Rockville

      Modern office space with updated amenities and convenient location.
      2440 Research Blvd, Rockville, MD
      View Details
    • $35 SF/Yr
      7,854 SF

      Rockville Pike Office Space

      7,854 SF office space available for lease on Rockville Pike.
      11921 Rockville Pike, Rockville, Maryland 20852
      View Details
    • $31 SF/Yr
      6,670 SF

      Classic Office Building Near Metro

      Landmark office space with easy access to transportation and amenities.
      11 N Washington St, Rockville, MD
      View Details
    • $2,800/Mo

      Office Space for Rent

      Office space available in Rockville, MD.
      9200 Corporate Blvd #330, Rockville, MD 20850
      View Details
    • Contact for pricing
      15,000 SF

      Freestanding Building on Rockville Pike

      Two-story commercial building with high visibility and convenient access.
      795 Rockville Pike, Rockville, MD 20852
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Rockville, Maryland.
    Where is this retail space located?
    The property is located at 38 Maryland Ave Rockville, MD.
    What are key features of this property?
    This property features: Retail space available for lease; Located in Rockville, Maryland
    (571) 382-1200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Howard
    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

    Thank You for Inquiry
    38 Maryland Ave, Rockville, MD 20850
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!