Upgraded Office Condo in
For Sale
Contact for pricing
5836 Hubbard Drive, Rockville, MD 20852
Two-level office condo with abundant natural light and custom furniture.
Property Size1,900 SF
Price / SF$420.53
Days on Market156
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Property Features for 5836 Hubbard Drive
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Office
Building Details
Stories
2
Listing Agency:
Jay Clogg Realty Group Inc
Listed By:
Jay Clogg · License #MD 67699
(301) 340-9400
Source:
Crexi
Added: May 13
Changed: Oct 9
Last Checked: Oct 14 at 8:08PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,220
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,400
$464.4K
Cap Rate 7%
$331,714
$331.7K
Cap Rate 9%
$258,000
$258.0K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$37.4K $19.68/SF
− Vacancy
−$6.4K −$3.38/SF
EGI
$31.0K $16.30/SF
− OpEx
−$7.7K −$4.07/SF
NOI
$23.2K $12.22/SF
Area
Montgomery County, MD
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,400
Cap Rate 7%
$331,714
Cap Rate 9%
$258,000
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,783
Businesses Nearby
Explore this area
Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
