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    77 Washington St Rockville, MD 20850

    For Sale
    $699,000

    Prime Rockville location, two suites, 3088 SF.

    Property size:
    3,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents two contiguous office condos totaling approximately 3,088 usable square feet, situated on the top floor of a three-story building in desirable Rockville, Maryland. The property, located at 77 S. Washington Street, zip code 20850, comprises two suites: Suite 302 (approximately 1,844 square feet) and Suite 308 (approximately 1,244 square feet). Both must be purchased together. The space boasts a well-designed layout including a reception area, a dedicated conference room, a spacious open work area perfect for collaborative work, and several private offices with ample natural light. Its prime location offers unparalleled convenience, being just one block from the courthouse and two blocks from the METRO. The purchase includes the right to rent seven parking spaces in a nearby garage, adding significant value and convenience for employees and clients. Furthermore, the condo fee covers a comprehensive range of services, including all utilities, HVAC repair and replacement, structural insurance, janitorial services, and professional management, minimizing operational overhead. Annual real estate taxes (July 1, 2023 - June 30, 2024) are estimated at $11,520.32. This turnkey solution presents a rare opportunity to acquire a well-maintained, highly functional office space in a thriving location. The asking price for this exceptional property is $699,000, reflecting a price per square foot of $226.36.

    Property Features for 77 Washington St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,088 SF

    HighLights

    • 3,088 square feet of usable space, comprised of two contiguous office condos (Suite 302: 1,844 SF, Suite 308: 1,244 SF), sold together.
    • Top‑floor location in a three‑story building.
    • Features include reception area, conference room, large open workspace, and multiple private offices.
    • One block from the courthouse and two blocks from the Metro.
    • Seven assigned parking spaces included.
    • Condo fee covers all utilities, HVAC, structural insurance, janitorial services, and professional management.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kaplan Co Accountant Maryland Bail Bond ... Bail Bonds Service Rockville Parking Garage Parking Garage Dental Implant Center ... Oral Surgeon Rockville Dental Center Dentist

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.153048626283
    Latitude
    39.083613695964

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Rockville location, two suites, 3088 SF.
    Where is this office property / space located?
    The property is located at 77 Washington St Rockville, MD.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 3,088 square feet of usable space, comprised of two contiguous office condos (Suite 302: 1,844 SF, Suite 308: 1,244 SF), sold together.; Top-floor location in a three-story building.; Features include reception area, conference room, large open workspace, and multiple private offices.
    (301) 340-9400
    Request Owner's contact information
    77 Washington St Rockville, MD 20850
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    Rockville, MD 20850
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    Realmo Value Estimation

    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.

    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.

    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
    77 Washington St Rockville, MD 20850
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