Upgraded Office Condo in
5836 Hubbard Drive Rockville, MD 20852
5836 Hubbard Drive, Rockville, MD, 20852
Contact for pricing
For Sale
Contact for pricing
Two-level office condo with abundant natural light and custom furniture.
Property Size1,900 SF
Price / SF$420.53
Days on Market65
Property Features for 5836 Hubbard Drive
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- Office
Listing Agency
Jay Clogg Realty Group Inc
(301) 340-9400
Listed by
Jay Clogg · License #MD 67699
Source
Crexi
Added: May 13 Checked: Jul 15 at 10:16 pm
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.
This is an approximately 1,900 saleable square feet, 2-level office condo. The end unit benefits from abundant natural light and features upgrades, including custom-made furniture. The location is in North Bethesda, at the intersection of Rockville Pike and Montrose Road, just north of Pike & Rose. The condo has separate entrances from the exterior for each floor, which are also connected internally. The first floor includes a reception area, two large windowed offices, an open work area suitable for four people, a galley-style kitchenette, a storage closet, and a private restroom. The second floor features a reception area, two large windowed offices, a windowed conference room with parquet wood flooring, an open work area for four, a storage closet, and a private restroom. There is plenty of free parking available. The condo fee is $557 per month, which includes water/sewer, structural fire insurance, and professional management. Real estate taxes for the period of 7/1/25-6/30/26 are $8,351.40.
Key Highlights
- Prime North Bethesda location near Pike & Rose, with easy access from Rockville Pike and Montrose Road.
- Highly upgraded, 2‑level end unit condo with abundant natural light and custom‑made furniture.
- Approximately 1,900 square feet of flexible office space with separate entrances for each floor.
Local 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 | $37.4k | $19.68 |
| − Vacancy | −$6.4k | −$3.38 |
| EGI | $31.0k | $16.30 |
| − OpEx | −$7.7k | −$4.07 |
| NOI | $23.2k | $12.22 |
1,900 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$331.7K
$290.3K – $387.0K
NOI $23,220 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$668.4K
$584.8K – $779.8K
NOI $46,786 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Two-level office condo with abundant natural light and custom furniture.
Where is this office units located?
The property is located at 5836 Hubbard Drive Rockville, MD.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime North Bethesda location near Pike & Rose, with easy access from Rockville Pike and Montrose Road.; Highly upgraded, 2‑level end unit condo with abundant natural light and custom‑made furniture.; Approximately 1,900 square feet of flexible office space with separate entrances for each floor.
