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    11820 Parklawn Dr Rockville, MD 20852
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    Property profile & analytics

    11820 Parklawn Dr, Rockville, MD 20852

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    • Office buildings
    • 62,160 SF
    • 1.93 lot acres
    For Lease
    $1,865,000
    View Listing →
    Rockville Office Space for Rent For Lease
    $1,865,000
    1,987 SF

    Rockville Office Space for Rent

    Office space with ample parking and convenient transportation access.

    11820 Parklawn Dr, Rockville, MD
    View Listing
    Property ID
    US40-0925924
    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
    $1,865,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lee & Paik / Accounting Firm / Tax Preparation
    • Dr. Andrea D. Abati, MD / Physician
    • American Income Life: Kyle Wrobel / Insurance Agency
    • Metro Montessori / High School / Daycare Center
    • Fitness 55 Health & Wellness / Gym & Fitness Center

    Property Details for 11820 Parklawn Dr

    Year built
    1978
    Construction
    BRICK
    Lot size
    1.93 lot acres
    Property size
    62,160 SF
    Zone code
    EOF0.
    Property type
    Office buildings
    APN
    04-01781005
    APU
    401781005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,055,000
      Market price range: $1.23M - $12.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1037
    Latitude
    39.0499
    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
    2024
    $54,456
    $0.00
    $0.00
    $4,037,967
    -
    $1,700,000
    $2,613,900
    $4,313,900

    Comparable in this City

    • Value Estimation
      $19,310,000
      83,962 SF

      11800 Grand Park Ave, Unit 2

      OFFICE BUILDING • 83,962 SF
      11800 Grand Park Ave, North Bethesda, MD 20852-8675
      View Details
    • Value Estimation
      $6,530,000
      53,128 SF

      121 Congressional Ln

      OFFICE BUILDING • 53,128 SF
      121 Congressional Ln, Rockville, MD 20852-1542
      View Details
    • Value Estimation by Request
      364,000 SF

      11545 Rockville Pike

      OFFICE BUILDING • 364,000 SF
      11545 Rockville Pike, Rockville, MD 20852-2746
      View Details
    • Value Estimation
      $860,000
      5,940 SF

      172 Rollins Ave

      OFFICE BUILDING • 5,940 SF
      172 Rollins Ave, Rockville, MD 20852-4005
      View Details
    • Value Estimation by Request
      1,311 SF

      11555 Old Georgetown Rd, Unit LU2

      OFFICE BUILDING • 1,311 SF
      11555 Old Georgetown Rd, Rockville, MD 20852-2706
      View Details
    • Value Estimation
      $24,620,000
      203,000 SF

      6001 Executive Blvd, Unit 1A

      OFFICE BUILDING • 203,000 SF
      6001 Executive Blvd, Rockville, MD 20852-3831
      View Details

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      2,999 SF

      Rockville Office Building For Sale

      Two-story office building with 2,999 square feet available for sale.
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      0.05 Acres

      Rockville Medical Office Space for Lease

      Four Rooms or Entire Suite Available
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      View Details
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      2.48 Acres

      Rockville Office Space for Lease

      Modern Office, Abundant Parking, Metro Access
      11400 Rockville Pik, Rockville, MD 20852
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      1,007 SF

      Rockville Office Space For Sale

      Second floor office space near shopping and METRO.
      131 Mount Vernon Pl, Rockville, MD 20852
      View Details
    • $1,759,000

      Versatile Commercial Units For Sale

      Multiple units with parking, bathrooms, conference rooms, and warehouse space.
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    Similar Nearby for Lease

    • $35 SF/Yr
      7,854 SF

      Rockville Pike Office Space

      7,854 SF office space available for lease on Rockville Pike.
      11921 Rockville Pike, Rockville, MD 20852
      View Details
    • $29 SF/Yr
      1,781 SF

      Class A Office Space Available

      Class A office space near Twinbrook Metro station for rent.
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      View Details
    • Contact for pricing
      28,438 SF

      Two-Story Office Building Near Metro

      Well-maintained office building near Twinbrook Metro and amenities.
      5630 Fishers Ln, Rockville, MD 20852
      View Details
    • Contact for pricing
      29,166 SF

      Rockville Office Space for Lease

      Office space available at 1750 Chapman Ave, Rockville, MD.
      1750 Chapman Ave, Rockville, MD 20852
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    • $40 SF/Yr
      10,000 SF

      LEED Gold Certified Office Building

      Class A office building with I-270 visibility for rent.
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      View Details
    • $400 /Mo

      Rockville Medical and Office Space

      Medical and office spaces available for lease in Rockville, Maryland.
      3202 Tower Oaks Blvd, Rockville, MD 20852
      View Details
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    Rockville, MD 20852
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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.

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