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    4701 Randolph Rd Rockville, MD 20852
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    Property profile & analytics

    4701 Randolph Rd Rockville, MD 20852

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    • Medical Office Space
    • 45,963 SF
    • 2.90 lot acres
    For Lease
    $33 SF/Yr
    View Listing →
    Rockville Office Space For Rent For Lease
    $33 SF/Yr
    1,922 SF

    Rockville Office Space For Rent

    1922 square feet of office space available for lease.

    4701 Randolph Rd, Rockville, MD
    View Listing
    Property ID
    US40-2278683
    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
    $6,190,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Randolph Medical Center / Medical Clinic
    • Dr. Domkowski / Dental Office
    • Barber Sanford a DDS / Dental Office
    • Shin Orthodontics / Dental Office
    • Boston Dental Group / Dental Office

    Property Details for 4701 Randolph Rd

    Year built
    1975
    Construction
    BRICK
    Lot size
    2.90 lot acres
    Property size
    45,963 SF
    Zone code
    R60
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    04-00082352
    APU
    400082352

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,520,000
      ML approach
      $6,750,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $10,120,000
      RESTAURANT
      $9,535,000
      WAREHOUSE, STORAGE
      $5,235,000
      OFFICE BUILDING
      $5,065,000
      AUTO REPAIR, GARAGE
      $4,475,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0947
    Latitude
    39.0544
    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
    $74,631
    $1,708,500
    $4,336,100
    $6,044,600
    -
    $1,708,500
    $4,336,100
    $6,044,600

    Comparable in this City

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      47,522 SF

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    • Value Estimation
      $7,375,000
      5,256 SF

      750 Rockville Pike

      MEDICAL BUILDING • 5,256 SF
      750 Rockville Pike, Rockville, MD 20852-1133
      View Details
    • Value Estimation
      $3,205,000
      65,067 SF

      6111 Executive Blvd

      MEDICAL BUILDING • 65,067 SF
      6111 Executive Blvd, Rockville, MD 20852-3911
      View Details
    • Value Estimation
      $775,000
      30,150 SF

      12111 Parklawn Dr

      MEDICAL BUILDING • 30,150 SF
      12111 Parklawn Dr, Rockville, MD 20852-1707
      View Details
    • Value Estimation
      $845,000
      11,861 SF

      11404 Old Georgetown Rd

      MEDICAL BUILDING • 11,861 SF
      11404 Old Georgetown Rd, Rockville, MD 20852-2892
      View Details
    • Value Estimation
      $1,080,000
      13,800 SF

      3203 Tower Oaks Blvd

      MEDICAL BUILDING • 13,800 SF
      3203 Tower Oaks Blvd, Rockville, MD 20852-4258
      View Details

    Similar Nearby for Sale

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    • $482,995

      Renovated Rockville Office Condo For Sale

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      Rockville Rehab Opportunity Near Pike

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    • Contact for pricing
      2,999 SF

      Rockville Office Building For Sale

      Two-story office building with 2,999 square feet available for sale.
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    • Contact for pricing
      2.48 Acres

      Rockville Office Space for Lease

      Modern Office, Abundant Parking, Metro Access
      11400 Rockville Pik, Rockville, MD 20852
      View Details

    Similar Nearby for Lease

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      2,226 SF

      Medical Office Space 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
    • Contact for pricing
      1,593 SF

      Medical Office in Rockville, MD

      1,593 SF medical office space for lease.
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      View Details
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      26,773 SF

      Rockville Lab Space for Lease

      26,773 SF lab space available for lease in Rockville.
      12441 Parklawn Dr, Rockville, MD 20852
      View Details
    • Contact for pricing
      6,817 SF

      LEED Gold Certified Office Space

      Class A office building with I-270 visibility for rent.
      1101 Wootton Pkwy, Rockville, MD 20852
      View Details
    View Listing
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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.

    More about this property
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