Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1043 Rockville Pike Rockville, MD 20852-1403
    Back to Search
    Property profile & analytics

    1043 Rockville Pike Rockville, MD 20852-1403

    View on Map
    • Strip malls
    • 35,276 SF
    • 2.08 lot acres
    Off-Market
    Property ID
    US40-1123168
    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.
    Value Estimations
    $1,500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Temari Cafe / Restaurant
    • Bank of America ATM / Atm

    Property Details for 1043 Rockville Pike

    Year built
    1964
    Construction
    BRICK
    Lot size
    2.08 lot acres
    Property size
    35,276 SF
    Zone code
    MXCD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    04-00148497
    APU
    400148497

    Description

    The Talbott Center, located at 1043 Rockville Pike in Rockville, Maryland, 20852, offers exceptional retail space for lease. This multi-tenant commercial property boasts a total of 35,722 square feet, with a variety of unit sizes available. Currently, there is 7,562 square feet of vacant space, offering flexibility for businesses seeking different footprints. Units range from a minimum of 1,266 square feet to a maximum contiguous space of 6,296 square feet, catering to a wide range of retail needs. The property enjoys a highly visible location on Rockville Pike, ensuring excellent exposure to a substantial volume of traffic. The center is zoned MXCD within the City of Rockville, providing opportunities for a diverse range of commercial uses. This prime location offers businesses the chance to establish a strong presence in a thriving Rockville market. The available space presents a unique opportunity for businesses seeking high visibility and convenient access within a well-established commercial center. Interested parties are encouraged to inquire about available unit sizes and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,687,000
      Market price range: $755k - $2.25M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,370,000
      Current use
      MEDICAL BUILDING
      $2,340,000
      Change: +71% Conversion: Difficult
      RETAIL STORES
      $2,250,000
      Change: +64% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1331
    Latitude
    39.0712
    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
    $168,272
    $3,145,400
    $9,416,700
    $12,562,100
    -
    $3,145,400
    $9,416,700
    $12,562,100

    Comparable in this City

    • 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
      $1,940,000
      35,631 SF

      1020 Rockville Pike

      SHOPPING CENTER, STRIP CENTER • 35,631 SF
      1020 Rockville Pike, Rockville, MD 20852-1404
      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
      $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

    Similar Nearby for Sale

    • Contact for pricing
      99,463 SF

      Retail Center in Prime Location

      High-performing retail center in Rockville, Maryland, 100% leased.
      1765 Rockville Pike, Rockville, MD 20852
      View Details
    • Contact for pricing

      Rockville Retail Space Available

      Retail space for sale in Rockville, Maryland.
      178 Rollins Ave, Rockville, MD 20852
      View Details
    • $350,000

      Rockville Retail Rehab Opportunity

      Distressed retail property near Rockville Pike, ideal for investors.
      131 Rollins Ave #3, Rockville, MD 20852
      View Details
    • Contact for pricing
      11,192 SF

      Rockville Flex Space Available

      Versatile space suitable for office, retail, or flex use.
      12231 Parklawn Dr, Rockville, MD 20852
      View Details
    • Contact for pricing
      0.05 Acres

      Rockville Medical Office Space for Lease

      Four Rooms or Entire Suite Available
      5948 Hubbard Dr, Rockville, MD 20852
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 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

      Retail Space in Montrose Crossing

      Retail spaces for lease in Rockville's Montrose Crossing.
      12055 Rockville Pike, Rockville, MD 20852
      View Details
    • Contact for pricing
      1,981 SF

      Retail Space in Federal Plaza

      Retail space available within a large shopping center complex.
      1776 E Jefferson St, Rockville, MD 20852
      View Details
    • Contact for pricing
      3,616 SF

      Retail Space in Federal Plaza

      Retail space available in Rockville's Federal Plaza shopping center.
      12274 Rockville Pike, Rockville, MD 20852
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1043 Rockville Pike
    Rockville, MD 20852-1403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1043 Rockville Pike, Rockville, MD, 20852
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!