Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sunny Chevy Chase Office Unit Title is generated by Realmo AI

    4515 WILLARD Avenue, Chevy Chase, MD 20815

    View on Map
    Claim this Listing
    New
    For Lease
    $2,350/Mo $31 SF/Yr (calc)

    LAND - Contemporary - CHEVY CHASE, MD

    Property size:
    904 SF
    Added:
    May 28, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 1 at 8:06 pm

    Property Features for 4515 WILLARD Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Rooms
    Dining Room
    Parking
    1
    Parking features
    Garage - Attached
    Interior features
    Combination Dining/Living, Floor Plan - Open, Wood Floors
    Appliances
    Built-In Microwave, Dishwasher, Disposal, Oven - Single, Oven/Range - Electric, Refrigerator, Stove
    Standard status
    Active
    Size
    904 SF

    Building Details

    Year built
    1968
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Ramona A Greene
    Ramona A Greene

    Listing agent Ramona A Greene License #98839

    Listing office RLAH @properties 4600 N Park Avenue unit: 100, Chevy Chase, MD

    Listing date May 28, 2026

    MLS# MDMC2237408 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Chevy Chase location close to metro, buses, shopping, and restaurants.
    • Amenities include a rooftop pool, roof deck, community room, exercise room, and lounge.
    • Includes one‑car garage parking.
    • Features nearby storage.
    • Unit has wood floors and an open floor plan.
    • Appliances include a built‑in microwave, dishwasher, and refrigerator.

    Overview

    This 904-square-foot unit is located in Chevy Chase, Maryland. The property features nearby storage and one-car garage parking. Residents have access to a rooftop pool, roof deck, community room, exercise room, lounge, and convenience store. The Willoughby is located close to the metro, buses, shopping, and restaurants. Smoking and pets are prohibited.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chevy Chase
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.08969
    Latitude
    38.96261

    Nearby Similar for Lease

    • Sponsored
      $129-$33,591/Mo
      11-1,567 SF

      Spaces Chase Tower

      4445 Willard Ave, Chevy Chase, MD 20815
      View Details
    • Contact for pricing
      10,262 SF

      Retail Space in Chevy Chase

      Retail space available in Chevy Chase's upscale shopping district.
      5471 Wisconsin Avenue, Chevy Chase, MD, 20815
      View Details
    • Contact for pricing
      744 SF

      Retail Space in Chevy Chase

      Retail space available in affluent Chevy Chase neighborhood.
      5481 Wisconsin Ave, Chevy Chase, MD
      View Details
    • Contact for pricing
      3,319 SF

      Class A Office Space

      Class A office building in Chevy Chase, Maryland for lease.
      4445 Willard Ave, Chevy Chase, MD
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent at 5425 Wisconsin Avenue.
      5425 Wisconsin Avenue, Chevy Chase, MD, 20815
      View Details
    • Contact for pricing
      1,300 SF

      Prime Chevy Chase Flagship Location

      Office space in prime Chevy Chase location near Friendship Heights.
      5416 Wisconsin Ave, Chevy Chase, MD
      View Details
    • Contact for pricing
      1,961 SF

      Retail Space Available For Rent

      Retail space available for rent with 1,961 square feet.
      5415 Friendship Blvd, Chevy Chase, MD 20815
      View Details
    • Contact for pricing
      2,186 SF

      Chevy Chase Office Space Available

      Office space for lease in Chevy Chase, Maryland.
      5530 Wisconsin Ave, Chevy Chase, MD
      View Details

    FAQs

    What type of property is this?
    Office units - Office unit in Chevy Chase near transportation and amenities.
    Where is this office units located?
    The property is located at 4515 WILLARD Avenue Chevy Chase, MD.
    What is the lease rate?
    The lease rate is $2,350 /Mo.
    What are key features of this property?
    This property features: Prime Chevy Chase location close to metro, buses, shopping, and restaurants.; Amenities include a rooftop pool, roof deck, community room, exercise room, and lounge.; Includes one‑car garage parking.
    (202) 494-2557
    We can help!
    Listing Contact
    Ramona A Greene
    Ramona A Greene
    Real Estate License ID: 98839
    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
    4515 WILLARD Avenue, CHEVY CHASE, MD 20815
    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!