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    Versatile Commercial Flex Space Title is generated by Realmo AI

    4217 HOWARD Ave B, Kensington, MD 20895

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    For Lease
    $2.00 SF/Yr $333/Mo (calc)

    Flex space in Kensington with high ceilings and parking.

    Type:Commercial
    Property size:
    2,000 SF
    Added:
    Mar 31, 2026
    Days on Market:
    63
    Last Refresh:
    Mar 31 at 4:16 am

    Property Features for 4217 HOWARD Ave B

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1964

    We can help!

    Listing Contact
    Sergei A Goumilevski

    Listing agent Sergei A Goumilevski License #576700

    Listing office RE/MAX Realty Services

    Listing date Mar 31, 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 RE/MAX Realty Services

    HighLights

    • Versatile ±2,000 sq ft flex space suitable for office, showroom, warehouse, retail, fitness, or personal services.
    • Excellent location on Howard Avenue in Kensington, with convenient access to I‑495, Rockville Pike, Connecticut Avenue, Veirs Mill Road, and Georgia Avenue.
    • Features include 17‑foot high ceilings, large front‑facing French double doors, and a rear grade‑level garage door.
    • Includes six dedicated parking spaces, plus additional parking in the rear.
    • Interior is finished with clean white‑painted walls, light gray luxury vinyl plank flooring, industrial light fixtures, and ceiling fans, plus full air conditioning.
    • Equipped with a kitchenette with ample cabinetry and a private half bath.

    Overview

    This versatile commercial flex space, totaling approximately 2,000 square feet, is located on Howard Avenue in Kensington, between North Bethesda, Rockville, and Silver Spring. The space benefits from its accessibility to I-495, Rockville Pike, Connecticut Avenue, Veirs Mill Road, and Georgia Avenue. The space features approximately 17-foot high ceilings and an open layout suitable for various uses, including office, showroom, warehouse, retail, fitness, or personal services such as salon, spa, or wellness concepts. The interior includes white-painted walls, light gray luxury vinyl plank flooring, and industrial light fixtures. Three ceiling fans and full air conditioning maintain airflow and comfort. Access is facilitated by front-facing French double doors and a rear grade-level garage door. A kitchenette with cabinetry and a private half bath are included. The property provides six dedicated parking spaces, with additional parking available in the rear. Water is shared among four tenants, and electricity is shared with the adjacent unit. Internet and cable can be shared or set up independently. Ownership is seeking a minimum 2+ year lease term, with flexibility for longer terms, under a NNN lease.
    Location Intelligence

    Current Use by Public Records

    Red Ink Imports Specialty Food Shop Lakay de Renee Interior Design OMM Collection Production Facility Arden & Laine Co Consultant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Best Meals Personal Chef and Catering Service — Plyers Mill and, Connecticut Ave, Kensington, MD 20895
    • First Cousin Catering — 10655 Montrose Ave, Bethesda, MD 20814
    • Barbecue Brazil — 11326 Connecticut Ave, Kensington, MD 20895
    • Butter Bliss — Rear door, behind the taliaz cuisine restaurant, 10560 Metropolitan Ave, Kensington, MD 20895

    Location Insight

    • Map
    • Local Demand
    City
    Kensington
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.082851
    Latitude
    39.0311451

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    FAQs

    What type of property is this?
    Flex space - Flex space in Kensington with high ceilings and parking.
    Where is this flex space located?
    The property is located at 4217 HOWARD Ave B Kensington, MD.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: Versatile ±2,000 sq ft flex space suitable for office, showroom, warehouse, retail, fitness, or personal services.; Excellent location on Howard Avenue in Kensington, with convenient access to I‑495, Rockville Pike, Connecticut Avenue, Veirs Mill Road, and Georgia Avenue.; Features include **17‑foot high ceilings**, **large front‑facing French double doors**, and a rear grade‑level garage door.
    (240) 401-9142
    We can help!
    Listing Contact
    Sergei A Goumilevski
    Real Estate License ID: 576700
    Learn More
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    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
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