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    Freestanding Flex & Warehouse Building Title is generated by Realmo AI

    981 Rollins Avenue, Rockville, MD 20852

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    Freestanding office-and-warehouse building with loading dock, drive-in access, and ample on-site parking for mixed operations.

    Type:Office
    Property size:
    13,241 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:51 am

    Property Features for 981 Rollins Avenue

    General Information

    Standard status
    Active
    Size
    13,241 SF
    Property subtype
    Office

    Properties For Sale

    at 981 Rollins Avenue Contact us

    We can help!

    Listing Contact
    Ethan Bernardi

    Listing agent Ethan Bernardi

    Listing office

    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 Ethan Bernardi

    HighLights

    • Freestanding office‑and‑warehouse building in Rockville, MD
    • Office and warehouse space with loading dock and drive‑in access capability
    • Located within 1/2 mile to Twinbrook Metro Station
    • 48 on‑site surface parking spaces
    • Suitable for office, medical, and life sciences & bio uses

    Overview

    This freestanding building combines office space with warehouse capabilities, designed for tenants that need both work space and functional logistics under one roof. The property includes loading dock and drive-in access capability, supporting receiving, movement, and day-to-day operations. In addition, there are 48 surface parking spots to accommodate staff and visitors, making it practical for office-heavy uses alongside warehouse activity. The offering has appeal for office-oriented users including medical, life sciences, and bio-related operations.

    Located at 981 Rollins Avenue in Rockville, Maryland, the building is positioned about one-half mile from Twinbrook Metro Station. That proximity can be useful for organizations and teams that want convenient public transportation access while still operating a facility with warehouse and dock support.

    For buyers or operators seeking a rare, self-contained headquarters-style location, this layout is well-suited to a regional or local presence that blends office and light warehouse needs. The combination of dedicated office space and warehouse functionality offers flexibility for firms looking to run a coordinated operation without relying on a shared building footprint.
    Location Intelligence

    Current Use by Public Records

    Interfaith Works Administrative ... Charitable Organization Oas Physician Department of Health and Human ... Public Health Department Stephen Wiggins Pediatrician MobileMed Rockville Clinic Community Health Centre

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Home Style Catering — 917 Montrose Rd, Rockville, MD 20852
    • Rock and roll Catering, LLC — 178 rollins ave, rockville, md 20852
    • Rock Catering, LLC — 170 rollins ave, rockville, md 20852
    • Rock and roll Catering LLC — 178 rollins ave, rockville, md 20852
    • MEDINA CUISINE — 6301 Montrose Rd, Rockville, MD 20852

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1166747
    Latitude
    39.0582098

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    FAQs

    What type of property is this?
    Flex space - Freestanding office-and-warehouse building with loading dock, drive-in access, and ample on-site parking for mixed operations.
    Where is this flex space located?
    The property is located at 981 Rollins Avenue Rockville, MD.
    What are key features of this property?
    This property features: Freestanding office‑and‑warehouse building in Rockville, MD; Office and warehouse space with loading dock and drive‑in access capability; Located within 1/2 mile to Twinbrook Metro Station
    (301) 304-8397
    We can help!
    Listing Contact
    Ethan Bernardi
    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.

    More about this property
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