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    Property profile & analytics

    4110 Aspen Hill Rd Rockville, MD 20853

    • Office buildings
    • 31,833 SF
    • 0.53 lot acres
    For Lease
    View listing
    Last Sale
    Mar 06, 2025
    $3,500,000
    Value Estimations
    $4,830,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1236262
    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

    • Bender Gregory N MD / Physician / Medical Clinic
    • Dr. Howard Budner & Associates Optometrists / Physician
    • Pion Sidney J MD / Physician / Medical Clinic
    • Mccabe James M MD / Physician / Medical Clinic
    • Das Mukul K MD / Physician

    Property Details for 4110 Aspen Hill Rd

    Year built
    1968
    Construction
    BRICK
    Lot size
    0.53 lot acres
    Property size
    31,833 SF
    Zone code
    EOF1.
    Property type
    Office buildings
    APN
    13-01281850
    APU
    1301281850

    Description

    This exceptional executive office property, located at 4110 Aspen Hill Road in Rockville, Maryland, offers a total of 13,674 square feet of prime office space within Montgomery County. Currently, the entire building is available for lease, presenting a unique opportunity for a single tenant or multiple tenants seeking contiguous space. The property features two suites, with a minimum divisible space of 4,536 square feet and a maximum contiguous space of 9,138 square feet. This flexible layout caters to businesses of varying sizes and needs. The building's address is 4110 Aspen Hill Road, zip code 20853, providing convenient access to major transportation routes and amenities within Rockville. The property is classified as an Executive Office building, reflecting its high-quality construction and finishes. This is an excellent opportunity to secure a prominent location in a thriving business community. The property's location in Montgomery County, Maryland, offers access to a skilled workforce and a robust business infrastructure. The entire 13,674 square feet is currently vacant, allowing for immediate occupancy and customization to suit a tenant's specific requirements. Interested parties are encouraged to inquire about lease terms and conditions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,695,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,915,000
      6.5%
      $6,385,000
      7%
      $5,930,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,073,000
      Market price range: $5.03M - $17.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0818
    Latitude
    39.0798
    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
    $45,060
    $0.00
    $0.00
    $3,808,733
    -
    $997,200
    $2,811,900
    $3,809,100

    Comparable in this City

    • Value Estimation
      $1,780,000
      6,606 SF

      4413 Muncaster Ml Rd

      HOMES (RETIRED, NURSING) • 6,606 SF
      4413 Muncaster Ml Rd, Rockville, MD 20853-1434
      View Details
    • Value Estimation by Request
      1,568 SF

      4101 Aspen Hl Rd

      AUTO REPAIR, GARAGE • 1,568 SF
      4101 Aspen Hl Rd, Rockville, MD 20853-2803
      View Details
    • Value Estimation
      $5,500,000
      8,146 SF

      4007 Norbeck Rd

      SHOPPING CENTER, STRIP CENTER • 8,146 SF
      4007 Norbeck Rd, Rockville, MD 20853-1847
      View Details
    • Value Estimation by Request
      0.97 Acres

      Brookville Rd

      INDUSTRIAL (GENERAL) • 0.97 Acres
      Brookville Rd, Silver Spring, MD 20853
      View Details
    • Value Estimation
      $1,985,000
      11,007 SF

      14701 Avery Rd

      HOMES (RETIRED, NURSING) • 11,007 SF
      14701 Avery Rd, Rockville, MD 20853-3605
      View Details
    • Value Estimation by Request
      0.12 Acres

      Aspen Hl Rd

      VACANT COMMERCIAL LAND • 0.12 Acres
      Aspen Hl Rd, Rockville, MD 20853
      View Details

    Similar Nearby for Sale

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      Specialty property available for purchase.
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      Land in Olney Acres, Rockville

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    • $475,000

      Rockville Specialty Property for Sale

      Specialty property available in Rockville, Maryland.
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      Specialty property available in Rockville, Maryland.
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      Specialty property available in Rockville, Maryland.
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    4110 Aspen Hill Rd
    Rockville, MD 20853
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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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