Top-Floor Office Condo
For Sale
$445,000
77 S Washington St # 306, Rockville, MD 20850
Bright, top-floor office condo with flexible layout and included parking near Rockville Metro and the courthouse.
Property Size2,057 SF
Days on Market127
Property Features for 77 S Washington St # 306
General Information
Standard status
Active
Size
2,057 SF
Total Parking Spaces
4
Property subtype
Office
Additional Details
Office Units
1
Building Details
Building Size
2,057 SF
Buildings
1
Tenancy
Single
Listed By:
Nathan Bortnick
(301) 304-8392
Source:
Lpc
Added: Jun 2
Changed: Oct 3
Last Checked: Oct 5 at 5:02PM
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 Nathan Bortnick
Investment Insights
Based on property information with market context.
Located at 77 S Washington St, this top-floor office condo suite offers a bright, professional environment with abundant high windows and natural light. The interior is thoughtfully designed for professional service firms, with a flexible layout that supports a smooth move-in and immediate occupancy. The building is described as well-maintained with professional management.
The suite is positioned in the heart of downtown Rockville, offering strong visibility into S Washington Street views. It is approximately one block from the courthouse and about two blocks from Rockville Metro (Red Line), with easy access to major roadways. Dining and retail options are also nearby, supporting day-to-day convenience for employees and clients.
With its flexible floor plan, this space is well suited to businesses that value a bright, efficient work setting and the ability to tailor the layout to their operations. Included parking features four dedicated spaces, with additional spaces available for rent, making the suite practical for tenant teams and client visits.
The suite is positioned in the heart of downtown Rockville, offering strong visibility into S Washington Street views. It is approximately one block from the courthouse and about two blocks from Rockville Metro (Red Line), with easy access to major roadways. Dining and retail options are also nearby, supporting day-to-day convenience for employees and clients.
With its flexible floor plan, this space is well suited to businesses that value a bright, efficient work setting and the ability to tailor the layout to their operations. Included parking features four dedicated spaces, with additional spaces available for rent, making the suite practical for tenant teams and client visits.
Key Highlights
- Top‑floor office condo at 77 S Washington St in downtown Rockville
- Abundant large windows bring ample natural light and provide views of S Washington Street
- Parking included: 4 dedicated spaces, with additional spaces available for rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,139
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,780
$502.8K
Cap Rate 7%
$359,129
$359.1K
Cap Rate 9%
$279,322
$279.3K
Market Conditions
NOI Build-Up for 2,057 SF
Gross rent
$40.5K $19.68/SF
− Vacancy
−$7.0K −$3.38/SF
EGI
$33.5K $16.30/SF
− OpEx
−$8.4K −$4.07/SF
NOI
$25.1K $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%
$502,780
Cap Rate 7%
$359,129
Cap Rate 9%
$279,322
Alternative Uses
Best Use
Office B
$359.1K
$314.2K – $419.0K
NOI $25,139 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$723.6K
$633.2K – $844.2K
NOI $50,652 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 20850, MD
51,045
Population
22,468
Households
2.3
Avg Household Size
41
Median Age
67%
College-Educated
94%
High-School Grad
14.1 sq mi
ZIP Area
3,620
Density / Sq Mi
$122,691
Median Household Income
$77,679
Median Earnings
$2,277
Median Rent
$687,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Bright, top-floor office condo with flexible layout and included parking near Rockville Metro and the courthouse.
Where is this office units located?
The property is located at 77 S Washington St # 306 Rockville, MD.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Top‑floor office condo at 77 S Washington St in downtown Rockville; Abundant large windows bring ample natural light and provide views of S Washington Street; Parking included: 4 dedicated spaces, with additional spaces available for rent
