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    20 Courthouse Sq Rockville, MD 20850

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    For Sale
    Contact for pricing

    Prime Rockville location, flexible suites.

    Property size:
    1,268 SF

    Property Features for 20 Courthouse Sq

    General Information

    Property type
    Lifestyle centers
    Square Feet
    1,268 SF

    We can help!

    Listing Contact
    Jay Clogg
    Jay Clogg

    Listing Agency: Jay Clogg Realty Group Inc Listing Agent: Jay Clogg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property at 20 Courthouse Square in Rockville, Maryland, offers a unique blend of retail and office spaces, ideal for a variety of businesses. Located in the heart of Rockville, this property boasts unparalleled convenience and high visibility. The building features multiple units ranging in size from approximately 1,268 to 3,507 square feet, providing flexibility for businesses of all sizes. The asking price per square foot is $225. The property's prime location directly across from the Montgomery County Courthouse and just three blocks from the METRO station ensures high foot traffic and easy accessibility for both employees and clients. Its proximity to Rockville Town Center further enhances its desirability. The professional office spaces are ready for immediate occupancy, offering a move-in-ready solution for businesses seeking a prestigious address. This is a rare opportunity to secure a highly sought-after commercial space in one of Maryland's most vibrant and thriving communities. The property is classified as a shopping center and offers executive office suites, making it suitable for a diverse range of commercial enterprises. The address is 20 Courthouse Square, Rockville, MD 20850. This property presents a compelling investment opportunity in a dynamic and rapidly growing market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pacific Produce Big Box & Wholesale Store Rockville Smiles Dental Office Josam International Division Plumbing Service Law Office Of Daniel ... Law Firm Abney At Law, P.C. Law Firm

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1520608
    Latitude
    39.0841896

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Rockville location, flexible suites.
    Where is this lifestyle center located?
    The property is located at 20 Courthouse Sq Rockville, MD.
    What are key features of this property?
    This property features: Units ranging from 1,324 to 3,272 square feet.; Prime location directly across from the Montgomery County Courthouse.; Conveniently located three blocks from the METRO station.
    (301) 340-9400 Call to check price and availability
    Request Owner's contact information
    20 Courthouse Sq Rockville, MD 20850
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 Courthouse Sq Rockville, MD 20850
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jay Clogg
    Jay Clogg
    Real Estate License ID: 67699
    (301) 340-9400
    Learn more
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