Contiguous Office Condos Near
77 S Washington Street Rockville, MD 20850
77 S Washington Street, Rockville, MD, 20850
Contact for pricing
For Sale
Contact for pricing
Two contiguous office condos available, near courthouse and METRO.
Property Size3,088 SF
Price / SF$190.74
Days on Market1042
Property Features for 77 S Washington Street
General Information
- Standard status
- Active
- Size
- 3,088 SF
- Property subtype
- Office
Listing agency
Jay Clogg Realty Group Inc
(301) 340-9400
Listed by
Jay Clogg · License #MD 67699
Source
Crexi
Added: Sep 14, 2023 Updated: Jul 10 at 11:20AM Checked: Jul 21 at 6:14AM
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.
Two contiguous office condos are available for purchase, either individually or combined. Located on the top floor of a 3-story building, Suite 302 offers approximately 1,844 usable square feet for $399,999, while Suite 308 provides approximately 1,244 usable square feet for $279,999. Combined, Suites 302 and 308 offer approximately 3,088 usable square feet for $620,000. Each suite includes a reception area, conference room, open work area, and multiple windowed offices. The condo fee covers all utilities, HVAC repair and replacement, structural insurance, janitorial service of common areas, and professional management. Real estate taxes for the period of 7/1/25-6/30/26 are $12,147.09 for both units, or $7,191.41 for Suite 302 and $4,955.68 for Suite 308. The property is situated one block from the courthouse and two blocks from the METRO. Purchasing both suites includes 7 dedicated underground parking spaces in the garage.
Key Highlights
- Option to purchase one or two contiguous office condos (Suite 302 and/or Suite 308).
- Excellent location: one block to courthouse and two blocks to METRO.
- Condo fee includes all utilities, HVAC repair/replacement, structural insurance, janitorial service of common areas, and professional management.
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 | $60.8k | $19.68 |
| − Vacancy | −$10.5k | −$3.38 |
| EGI | $50.3k | $16.30 |
| − OpEx | −$12.6k | −$4.07 |
| NOI | $37.7k | $12.22 |
3,088 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$539.1K
$471.7K – $629.0K
NOI $37,739 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.09M
$950.5K – $1.27M
NOI $76,040 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kaplan Co
Accounting Firm
Maryland Bail Bond ...
Law Firm
Rockville Parking Garage
Parking Lot & Garage
Dental Implant Center ...
Dental Office
Rockville Dental Center
Dental Office
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FAQs
What type of property is this?
Office units - Two contiguous office condos available, near courthouse and METRO.
Where is this office units located?
The property is located at 77 S Washington Street Rockville, MD.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Option to purchase one or two contiguous office condos (Suite 302 and/or Suite 308).; Excellent location: one block to courthouse and two blocks to METRO.; Condo fee includes all utilities, HVAC repair/replacement, structural insurance, janitorial service of common areas, and professional management.
