Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    77 Washington St Ste, Unit 208 Rockville, MD 20850-2356

    • Commercial real estate
    • 1,210 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Nov 17, 2022
    $670,000
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    3.9%
    Commercial real estate
    Location Intelligence
    Property ID
    US40-0414413
    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

    • Commercial real estate

    Property Details for 77 Washington St Ste

    Lot size
    0.04 lot acres
    Property size
    1,210 SF
    Zone code
    TC01
    Property type
    Commercial real estate
    APN
    04-02969516
    APU
    402969516

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $415,000
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $333,000
      Market price range: $177k - $431k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $710,000
      Current use
      RETAIL STORES
      $770,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1534
    Latitude
    39.0836
    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
    $4,450
    $98,000
    $228,700
    $326,700
    -
    $98,000
    $228,700
    $326,700

    Comparable in this City

    • Value Estimation by Request
      562 SF

      1684 Gude Dr Ste, Unit 303

      COMMERCIAL (GENERAL) • 562 SF
      1684 Gude Dr Ste, Rockville, MD 20850-5339
      View Details
    • Value Estimation by Request
      0.71 Acres

      Key W Ave

      COMMERCIAL (GENERAL) • 0.71 Acres
      Key W Ave, Rockville, MD 20850
      View Details
    • Value Estimation by Request
      3.08 Acres

      Blackwell Rd

      COMMERCIAL (GENERAL) • 3.08 Acres
      Blackwell Rd, Rockville, MD 20850
      View Details
    • Value Estimation by Request

      2nd Westmore Rd

      COMMERCIAL CONDOMINUIM
      2nd Westmore Rd, Rockville, MD 20850
      View Details
    • Value Estimation by Request
      2,104 SF

      20 Courthouse Sq, Unit 309

      COMMERCIAL (GENERAL) • 2,104 SF
      20 Courthouse Sq, Rockville, MD 20850-2336
      View Details
    • Value Estimation
      $21,330,000
      118,002 SF

      3 Research Ct

      COMMERCIAL (GENERAL) • 118,002 SF
      3 Research Ct, Rockville, MD 20850-3211
      View Details

    Similar Nearby for Sale

    • $429,900
      1,500 SF

      Rockville Office Condo - Great Location

      1500 sq ft Office, Low Condo Fees
      966 Hungerford Dr, Rockville, MD 20850
      View Details
    • $150,000

      Rockville Grocery Store Business Opportunity

      Indian and Pakistani grocery store business for sale in Rockville.
      15110 Frederick Rd, Rockville, MD 20850
      View Details
    • $275,000
      625 SF

      Bright Condo in Rockville Center

      Comfortable 1-bedroom condo in the heart of Rockville Town Center.
      24 Courthouse Sq, Rockville, MD 20850
      View Details
    • $675,000

      Martins Square Property For Sale

      Specialty property available in Rockville, MD.
      10 Martins Square Ln, Rockville, MD 20850
      View Details
    • $800,000

      Rockville Specialty Property For Sale

      Specialty property available for purchase in Rockville, Maryland.
      2892 Balmoral Dr, Rockville, MD 20850
      View Details
    • $230,000

      Updated Condo in Rockville Town

      Updated one-bedroom condo with amenities and convenient Rockville Town location.
      24 Courthouse Sq, Rockville, MD 20850
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      King Farm Office Space

      Office space for lease in King Farm mixed-use development.
      700 King Farm Blvd, Rockville, MD 20850
      View Details
    • $87,302

      Retail Space in Rockville, MD

      Retail property available for lease in Rockville, Maryland.
      9736 Traville Gateway Dr, Rockville, MD 20850
      View Details
    • $42 SF/Yr
      2,065 SF

      Retail Space on Hungerford Drive

      Retail space with high visibility near Giant Food.
      751-773 Hungerford Dr, Rockville, MD 20850
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in King Farm

      Grocery-anchored shopping center in Rockville, Maryland for lease.
      801 Pleasant Dr, Rockville, MD 20850
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space Near Trader Joe's

      Recently redeveloped retail space near affluent communities and commercial area.
      10048-10066 Darnestown Rd, Rockville, MD 20850
      View Details
    • Contact for pricing
      10,534 SF

      Rockville Office Space for Rent

      Office space in Shady Grove market with easy access.
      15201 Diamondback Dr, Rockville, MD 20850
      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.
    77 Washington St Ste, Unit 208
    Rockville, MD 20850-2356
    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

    Google sign-in failed. Please try again or use another login method.