Property profile

77 Washington St 100 Rockville, MD 20850

OFF-MARKET
Office Spaces
Property ID
US40-0981314
2,042 SF 0.07 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents two contiguous office condos totaling approximately 3,088 usable square feet, situated on the top floor of a three-story building in desirable Rockville, Maryland. The property, located at 77 S. Washington Street, zip code 20850, comprises two suites: Suite 302 (approximately 1,844 square feet) and Suite 308 (approximately 1,244 square feet). Both must be purchased together. The space boasts a well-designed layout including a reception area, a dedicated conference room, a spacious open work area perfect for collaborative work, and several private offices with ample natural light. Its prime location offers unparalleled convenience, being just one block from the courthouse and two blocks from the METRO. The purchase includes the right to rent seven parking spaces in a nearby garage, adding significant value and convenience for employees and clients. Furthermore, the condo fee covers a comprehensive range of services, including all utilities, HVAC repair and replacement, structural insurance, janitorial services, and professional management, minimizing operational overhead. Annual real estate taxes (July 1, 2023 - June 30, 2024) are estimated at $11,520.32. This turnkey solution presents a rare opportunity to acquire a well-maintained, highly functional office space in a thriving location. The asking price for this exceptional property is $699,000, reflecting a price per square foot of $226.36.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Construction BRICK
Total area 2,042 SF
Lot 0.07 ac (2,837 SF)
Zoning code TC01
APN 04-02927421
UPID US40-0981314

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Accounting Firm Tax Preparation
  • Law Firm
  • Parking Lot & Garage
  • Dental Office
  • Dental Office

Location

77 Washington St, Unit 100 Rockville, MD 20850-2335
Rockville metro Census 700901 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2019
1 recorded transaction
2019
$575,000

Zoning & alternative use

TC01 · Rockville, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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