Downtown Office
For Sale
Contact for pricing
77 S Washington St, Rockville, MD 20850
Top-floor office condo with large windows, ample natural light, and four dedicated parking spaces included.
Property Size2,057 SF
Price / SF$235.78
Days on Market547
Property Features for 77 S Washington St
General Information
Standard status
Active
Size
2,057 SF
Total Parking Spaces
4
Property subtype
OFFICE
Listing Agency:
Lincoln Property Company | Rockville
(301) 304-8300
Listed By:
Nathan Bortnick
(301) 728-2331
Source:
Moodyscre
Added: May 7, 2025
Changed: Oct 25
Last Checked: Nov 3 at 9:10AM
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 Lincoln Property Company | Rockville
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Investment Insights
Based on property information with market context.
This well-maintained office condo is located in a high-end office building in downtown Rockville. The top-floor suite includes large windows that provide ample natural light and offers a flexible layout that can be customized to fit a variety of office needs. Professional management is in place, and the unit is presented as office space with an emphasis on daylit, view-oriented work areas.
The building is positioned near major downtown destinations, with the courthouse about one block away and Rockville Metro (Red Line) roughly two blocks away.
Parking is included with four dedicated spaces, and additional spaces may be available for rent. The suite’s combination of dedicated parking, natural light, and flexible interior layout makes it well suited for an office tenant seeking an updated downtown setting.
The building is positioned near major downtown destinations, with the courthouse about one block away and Rockville Metro (Red Line) roughly two blocks away.
Parking is included with four dedicated spaces, and additional spaces may be available for rent. The suite’s combination of dedicated parking, natural light, and flexible interior layout makes it well suited for an office tenant seeking an updated downtown setting.
Key Highlights
- Top‑floor office condo with large windows for ample natural light and bright interior
- Flexible layout that can be customized to fit your needs
- 4 dedicated parking spaces included, with additional spaces available for rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,139
Cap Rate
5.18%
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 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$723.6K
$633.2K – $844.2K
NOI $50,652 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,179
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office unit - Top-floor office condo with large windows, ample natural light, and four dedicated parking spaces included.
Where is this office unit located?
The property is located at 77 S Washington St Rockville, MD.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Top‑floor office condo with large windows for ample natural light and bright interior; Flexible layout that can be customized to fit your needs; 4 dedicated parking spaces included, with additional spaces available for rent
