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    Rockville Pike & Edmonston Dr Rockville, MD 20851
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    Rockville Pike & Edmonston Dr, Rockville, MD 20851

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    • Retail properties & Spaces
    • 9,338 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Rockville Pike & Edmonston Dr

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    Wintergreen Plaza, located at the prominent intersection of Rockville Pike and Edmonston Drive in Rockville, Maryland (zip code 20851), offers exceptional retail space for lease. This multi-tenant property boasts a total of 9,338 square feet, encompassing six individual suites. Currently, there are multiple spaces available, ranging in size from a minimum of 994 square feet to a maximum contiguous space of 12,104 square feet. The property is classified as retail, specifically shops, and is situated in Montgomery County. The flexible space options make Wintergreen Plaza ideal for a variety of retail businesses seeking a high-visibility location. The address provides excellent access and exposure to significant vehicular and pedestrian traffic. Businesses seeking a space within a well-maintained property in a thriving commercial area will find Wintergreen Plaza an attractive opportunity. The property's strategic location in Rockville, MD, offers easy access to major transportation routes and a dense population base, ensuring high potential for customer reach. Interested parties are encouraged to inquire about the available spaces and lease terms. The total vacant square footage is 28,689 square feet, indicating significant leasing potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1329
    Latitude
    39.0718

    Comparable in this City

    • Value Estimation
      $1,900,000
      2,400 SF

      13251 Atlantic Ave

      CONVENIENCE STORE
      13251 Atlantic Ave, Rockville, MD 20851-1921
      View Details
    • Value Estimation
      $790,000
      5,370 SF

      2131 Veirs Ml Rd

      LAUNDROMAT (SELF-SERVICE)
      2131 Veirs Ml Rd, Rockville, MD 20851-1826
      View Details
    • Value Estimation
      $7,375,000
      37,195 SF

      1902 Veirs Ml Rd

      GROCERY, SUPERMARKET
      1902 Veirs Ml Rd, Rockville, MD 20851-1821
      View Details
    • Value Estimation
      $1,845,000
      83,330 SF

      2000 Veirs Ml Rd

      MINI-MALL
      2000 Veirs Ml Rd, Rockville, MD 20851-1801
      View Details
    • Value Estimation
      $645,000
      18,700 SF

      802 Baltimore Rd

      SHOPPING CENTER, STRIP CENTER
      802 Baltimore Rd, Rockville, MD 20851
      View Details
    • Value Estimation
      $985,000
      3,657 SF

      2101 Veirs Ml Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      2101 Veirs Ml Rd, Rockville, MD 20851-1826
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,000 SF

      Retail Space in Rockville Center

      Retail spaces available in grocery anchored shopping center.
      2000-2232 Veirs Mill Rd, Rockville, MD 20851
      View Details
    • Contact for pricing
      4,950 SF

      Industrial Warehouse Space For Rent

      4,950 square foot warehouse space available for lease.
      5951 Halpine Rd, Rockville, MD 20851
      View Details
    • Contact for pricing
      3,360 SF

      Rockville Flex Space For Rent

      Flex building near Twinbrook Metro with drive-in loading.
      12712 Rock Creek Mill Rd, Rockville, MD 20851
      View Details
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    Rockville, MD 20851
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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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    Rockville Pike & Edmonston Dr, Rockville, MD, 20851
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