966 Hungerford Dr Rockville, MD 20850
- Commercial real estate
- 1,364 SF
- 0.08 lot acres
Current Use by Public Records
- Atlantic Technology Group / Electronics Engineer / Office Equipment Rental Service
- Roembke James E / Psychologist
- Poirier Joseph G PhD / Psychologist
- Mary L. Lyon, MA / Psychologist
- Highlife Studios Rockville / Recording Studio / Music Management And Promotion
Property Details for 966 Hungerford Dr
- Lot size
- 0.08 lot acres
- Property size
- 1,364 SF
- Zone code
- C2
- Property type
- Commercial real estate
- APN
- 04-02014782
- APU
- 402014782
Description
This exceptional 1500-square-foot office condo is ideally situated in Rockville, Maryland, at 966 Hungerford Drive, Unit A-10. The property boasts a prime location, offering unparalleled convenience and accessibility. Its front unit position ensures high visibility and easy access. A significant advantage is the low condo fee, making this an attractive investment opportunity. The unit is currently subject to existing leases, providing immediate income potential for investors. The property's proximity to Montgomery College is a key benefit, providing a large pool of potential clients and employees. This location offers excellent visibility and accessibility, making it an ideal space for a variety of businesses. The building's design and layout are conducive to a professional office environment. The unit's size is well-suited for a range of business needs, from small startups to established companies. The low condo fee contributes to the overall affordability and strong return on investment potential. This property presents a rare opportunity to acquire a well-located, income-producing office condo in a thriving area of Rockville. The existing leases provide a stable income stream, while the prime location and low condo fees offer significant long-term value. Serious inquiries are encouraged to explore this exceptional investment opportunity further. The property is offered at $429,900. The land area associated with this condo is zero acres.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $240,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $305,000
- 6.5%
- $285,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $390,000
Market price range: $200k - $486k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rockville
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.1549
- Latitude
- 39.0997
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA