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

    706 Rockville Pike Rockville, MD 20852

    • Office buildings
    • 5,661 SF
    • 0.73 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimations
    $1,010,000
    Cap Rate Potential
    10%
    Office buildings
    Location Intelligence
    Property ID
    US40-2105119
    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

    • FedEx Office Print & Ship Center / Courier Service / Postal Service
    • Rush My Passport / Travel Agency
    • FedEx Drop Box / Postal Service / Courier Service
    • Ursus Lifesavers & Aquatics / Training Center / Vocational School
    • Greg's Driving School of Rockville / Training Center / Vocational School

    Property Details for 706 Rockville Pike

    Year built
    1979
    Construction
    BRICK
    Lot size
    0.73 lot acres
    Property size
    5,661 SF
    Zone code
    MXCD
    Property type
    Office buildings
    APN
    04-00155722
    APU
    400155722

    Description

    This exceptional 1,280 square foot executive office suite is located at 706 Rockville Pike #300 in Rockville, Maryland, within Montgomery County (zip code 20852). The entire third floor of this freestanding building is available for lease, presenting a unique opportunity for a business seeking high visibility and prominent signage directly facing the main road. The property is classified as both retail and office space, and the suite itself is categorized as an executive office. The building offers multiple tenancies, but this particular space is entirely vacant and ready for immediate occupancy. The property's prime location in Rockville offers excellent access to major transportation routes and a thriving business community. This is an ideal space for a company seeking a high-profile presence in a desirable location. The spacious layout provides ample room for various office configurations, catering to the needs of a growing business. With its prominent street-facing location, this suite offers unparalleled exposure to potential clients and customers. Interested parties are encouraged to inquire further to explore the possibilities this exceptional space offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $735,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,230,000
      6.5%
      $1,135,000
      7%
      $1,055,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,152,000
      Market price range: $112k - $1.15M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1425
    Latitude
    39.08
    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
    $52,379
    $1,281,400
    $2,497,200
    $3,778,600
    -
    $1,281,400
    $2,497,200
    $3,778,600

    Comparable in this City

    • Value Estimation
      $11,340,000
      83,500 SF

      12530 Parklawn Dr

      OFFICE BUILDING • 83,500 SF
      12530 Parklawn Dr, Rockville, MD 20852-1761
      View Details
    • Value Estimation
      $21,955,000
      200,000 SF

      2000 Tower Oaks Blvd

      OFFICE BUILDING • 200,000 SF
      2000 Tower Oaks Blvd, Rockville, MD 20852-4282
      View Details
    • Value Estimation by Request
      2,140 SF

      5510 Edson Ln

      OFFICE BUILDING • 2,140 SF
      5510 Edson Ln, Rockville, MD 20852-3135
      View Details
    • Value Estimation
      $12,825,000
      100,126 SF

      6010 Executive Blvd

      OFFICE BUILDING • 100,126 SF
      6010 Executive Blvd, Rockville, MD 20852-3809
      View Details
    • Value Estimation
      $18,505,000
      170,400 SF

      6003 Executive Blvd, Unit 3

      OFFICE BUILDING • 170,400 SF
      6003 Executive Blvd, Rockville, MD 20852-3823
      View Details
    • Value Estimation
      $3,300,000
      32,458 SF

      5040 Boiling Brk Pkwy

      OFFICE BUILDING • 32,458 SF
      5040 Boiling Brk Pkwy, Rockville, MD 20852-2307
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $989,670
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      Rockville Office Building For Sale

      Two-story office building with 2,999 square feet available for sale.
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    • $990,000

      Top Floor Rockville Office Condo

      6,320 SF office condo in Tower Oaks Professional Park.
      3200 Tower Oaks Blvd, Rockville, MD 20852
      View Details
    • $599,000
      1,872 SF

      Rockville Office Space: 1872 sq ft

      Prime Rockville office, two units, immediate occupancy potential.
      6261 Executive Blvd, Rockville, MD 20852
      View Details
    • $650,000

      Medical Office in Rockville, MD

      Medical office for sale or rent in Rockville, Maryland.
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    • $482,995

      Renovated Rockville Office Condo For Sale

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    Similar Nearby for Lease

    • $40 SF/Yr
      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
    • $29 SF/Yr
      3,323 SF

      Class A Office Space Available

      Class A office space near Twinbrook Metro station for rent.
      1401 Rockville Pike, Rockville, MD 20852
      View Details
    • Contact for pricing

      Distinctive Office Building in Rockville

      11-story office building in a high-profile Rockville location.
      5515 Security Ln, Rockville, MD 20852
      View Details
    • Contact for pricing
      13,241 SF

      Free-Standing Building Near Metro

      Office and warehouse space near Twinbrook Metro Station.
      981 Rollins Ave, Rockville, MD 20852
      View Details
    • $4,900 /Mo
      2,178 SF

      Medical Office Space For Rent

      Medical office space available for rent in Rockville, Maryland.
      5948 Hubbard Dr, Rockville, MD 20852
      View Details
    • $3,400 /Mo

      Renovated Private Offices For Rent

      Private office suites available in Rockville's Tower Oaks Professional Park.
      3202 Tower Oaks Blvd, Rockville, MD 20852
      View Details
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    706 Rockville Pike
    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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