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    Multi-Building Office Campus with Atriums Title is generated by Realmo AI

    9200 Corporate Boulevard, Rockville, MD 20850

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    Move-in-ready office suites in a five-building campus with upscale lobbies, polished finishes, and extensive on-site amenities.

    Type:Office
    Property size:
    21,364 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:59 am

    Property Features for 9200 Corporate Boulevard

    General Information

    Standard status
    Active
    Size
    21,364 SF
    Property subtype
    Office

    Spaces For Lease

    at 9200 Corporate Boulevard Contact us

    We can help!

    Listing Contact
    Paul
    Paul "Rocky" Kern

    Listing agent Paul "Rocky" Kern

    Listing office Lincoln Property Company | Rockville

    Listing date Jun 2, 2026

    Source Lpc

    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

    HighLights

    • The Grove 270 is a five‑building business park at 9200 Corporate Boulevard in Rockville, offering over 575,000 SF of office space.
    • Move‑in‑ready office suites with customization options, with on‑site property management.
    • Atriums, polished granite floors, sophisticated window lines, and upgraded lobby finishes across the campus.
    • Amenities include a full‑service deli, two fitness centers, and four conference centers.
    • Free park‑wide Wi‑Fi plus ample free surface and covered parking.
    • Convenient access to Rockville and Shady Grove Metrorail stations (Red Line).

    Overview

    The Grove 270 is a premium, multi-building office campus offering move-in-ready suites that can be customized to fit tenant needs. The property features five buildings with 4-story atriums, polished granite floors, sophisticated window lines, and refined lobby finishes designed for a professional daily experience. The owner also offers the opportunity to convert available office space into life science uses, supporting a range of operational requirements.

    Located at 9200 Corporate Boulevard in the heart of Montgomery County, The Grove 270 is positioned near Rockville and Shady Grove Metrorail Stations on the Red Line. The park includes on-site property management and offers free park-wide Wi-Fi, along with ample free surface and covered parking. Tenants also benefit from nearby retail and dining options, including Rio Washingtonian Center and Downtown Crown.

    This setting is well-suited for corporate headquarters and satellite office teams seeking a campus environment with strong presentation and day-to-day convenience. With dedicated conference facilities, fitness centers, and a full-service deli on site, the property supports both client-facing work and team collaboration, while the potential for office-to-life-science conversion broadens the tenant opportunity.
    Location Intelligence

    Current Use by Public Records

    Guardian Life Insurance ... Insurance Agency Institute For Advanced Clinical ... Charitable Organization Machfu (Bike/Boat/Book/etc) Store StarCompliance (Bike/Boat/Book/etc) Store Leverege (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop 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
    -77.1907416
    Latitude
    39.1072684

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    FAQs

    What type of property is this?
    Office building - Move-in-ready office suites in a five-building campus with upscale lobbies, polished finishes, and extensive on-site amenities.
    Where is this office building located?
    The property is located at 9200 Corporate Boulevard Rockville, MD.
    What are key features of this property?
    This property features: The Grove 270 is a five‑building business park at 9200 Corporate Boulevard in Rockville, offering over 575,000 SF of office space.; Move‑in‑ready office suites with customization options, with on‑site property management.; Atriums, polished granite floors, sophisticated window lines, and upgraded lobby finishes across the campus.
    (301) 304-8300
    We can help!
    Listing Contact
    Paul
    Paul "Rocky" Kern
    Learn More
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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.

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