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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1020 Rockville Pike Rockville, MD 20852-1404

    • Strip malls
    • 35,631 SF
    • 2.69 lot acres
    OFF-MARKET
    Value Estimations
    $1,940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0834689
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CS New York Pizza / Restaurant

    Property Details for 1020 Rockville Pike

    Year built
    1964
    Construction
    BRICK
    Lot size
    2.69 lot acres
    Property size
    35,631 SF
    Zone code
    MXCD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    04-02254737
    APU
    402254737

    Description

    Edmonston Crossing, located at 1020 Rockville Pike in Rockville, Maryland, presents a unique opportunity for retail businesses. This property, boasting a newly renovated facade, offers a single available space totaling 3,240 square feet. The building itself comprises 35,513 square feet, with the minimum divisible space being 3,240 square feet, and the maximum contiguous space also at 3,240 square feet. This means the entire available space is a single unit, perfect for a business seeking a prominent location. The property is zoned MXCD, reflecting its suitability for a variety of commercial uses. Ample surface and deck parking is available for customers and employees, enhancing the convenience and appeal of this location. Situated in the vibrant city of Rockville, Maryland, zip code 20852, this retail space benefits from excellent visibility and accessibility. This is the last remaining space in the building, making it a highly sought-after opportunity. Don't miss out on this chance to establish your business in a prime Rockville location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,162,000
      Market price range: $763k - $2.27M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,385,000
      Current use
      MEDICAL BUILDING
      $2,365,000
      Change: +71% Conversion: Difficult
      RETAIL STORES
      $2,270,000
      Change: +64% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1335
    Latitude
    39.073
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $222,730
    $4,075,300
    $12,024,700
    $16,100,000
    -
    $4,075,300
    $12,024,700
    $16,100,000

    Comparable in this City

    • Value Estimation
      $615,000
      13,860 SF

      11560 Rockville Pike

      SHOPPING CENTER, STRIP CENTER • 13,860 SF
      11560 Rockville Pike, Rockville, MD 20852-2702
      View Details
    • Value Estimation
      $875,000
      20,450 SF

      1331 Rockville Pike

      SHOPPING CENTER, STRIP CENTER • 20,450 SF
      1331 Rockville Pike, Rockville, MD 20852-1444
      View Details
    • Value Estimation
      $1,245,000
      56,082 SF

      4820 Boiling Brk Pkwy

      SHOPPING CENTER, STRIP CENTER • 56,082 SF
      4820 Boiling Brk Pkwy, Rockville, MD 20852-2360
      View Details
    • Value Estimation
      $3,725,000
      93,219 SF

      12055 Rockville Pikelu1

      SHOPPING CENTER, STRIP CENTER • 93,219 SF
      12055 Rockville Pikelu1, Rockville, MD 20852-1603
      View Details
    • Value Estimation
      $1,580,000
      52,140 SF

      11520 Rockville Pike

      SHOPPING CENTER, STRIP CENTER • 52,140 SF
      11520 Rockville Pike, Rockville, MD 20852-2750
      View Details
    • Value Estimation
      $1,500,000
      35,276 SF

      1043 Rockville Pike

      SHOPPING CENTER, STRIP CENTER • 35,276 SF
      1043 Rockville Pike, Rockville, MD 20852-1403
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Rockville Parking Space For Sale

      Separately deeded parking space; ownership requires unit in building.
      10500 Rockville Pik P-161, Rockville, MD 20852
      View Details
    • $195,000

      Ice Cream, Coffee & Bakery

      Ice Cream, Coffee & Bakery Shop in Rockville, Maryland.
      1066 Rockville Pike, Rockville, MD 20852
      View Details
    • $1,790,000
      2,000 SF

      North Bethesda Retail Investment Opportunity

      Four-Unit Retail Building, High Traffic Area
      12312 Wilkins Ave, North Bethesda, MD 20852
      View Details
    • $475,000
      1,110 SF

      Custom Condo in North Bethesda

      Unique 2-bed, 2-bath condo near Pike & Rose and Metro.
      5802 Nicholson Ln, North Bethesda, MD 20852
      View Details
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      875 SF

      Fallswood Condo with Sunset Views

      Rare one-bedroom condo with updated features and prime location.
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      North Bethesda Specialty Property

      Specialty property available for sale in North Bethesda.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,112 SF

      Dominant Retail Center on Rockville

      Community shopping center in Montgomery County, Maryland, for lease.
      12103-12147 Rockville Pike, Rockville, MD 20852
      View Details
    • Contact for pricing
      1,062 SF

      Retail Space Near White Flint Metro

      Retail space available near White Flint Metro Station in Rockville.
      11520 Rockville Pike, Rockville, MD 20852
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Federal Plaza

      Retail space available within a shopping center.
      12266-12270 Rockville Pike, Rockville, MD 20852
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on Rockville Pike

      Retail spaces with high visibility and direct access.
      815-845 Rockville Pike, Rockville, MD 20852
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Randolph Hills

      Retail space for lease in established shopping center.
      4818-4890 Boiling Brook Pl, Rockville, MD 20852
      View Details
    • Contact for pricing
      18,293 SF

      Retail Space in NoBe Market

      Retail property in North Bethesda's vibrant NoBe Market.
      11418 Rockville Pike, North Bethesda, MD 20852
      View Details
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    Rockville, MD 20852-1404
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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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