6701 Democracy BlvdBethesda, MD 20817

Property Details for 6701 Democracy Blvd

Year built

1986

Construction

BRICK

Lot size

7.15 AC

Property size (Sq ft)

215,917 SF

Zone code

CR1.5

Property type

Office buildings

APN

04-02747480

APU

402747480

Description

This Class A, 20,031 square foot office building, renovated in 2019, offers a variety of flexible workspace solutions in Bethesda, Maryland. Located at 6701 Democracy Boulevard, Suite 300, in Montgomery County (zip code 20817), this ten-story building boasts eye-catching design and scenic views. The property features 350 suites, with 5,970 square feet currently vacant, offering spaces ranging from 10 square feet minimum to a maximum contiguous space of 1,300 square feet. Tenancy is multiple, catering to diverse business needs. Amenities include elevators, an on-site coffee bar, and an outdoor terrace. The building's location provides easy access to Westfield Montgomery Shopping Centre, and is a short distance from Washington, D.C. Available options include private, fully furnished and equipped offices, customizable spaces, disaster recovery spaces, and day offices. A benefits program with exclusive discounts and procurement support is also offered. This property is ideal for businesses seeking a modern, well-appointed workspace in a vibrant location.

• CAP approach

  CAP return

  Valuation

  6%

  $50,265,012

  6.5%

  $46,398,472

  7%

  $43,084,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,305,882

  Geo Method

  $23,863,554

• Alternative Use

  Use

  Valuation

  Residential

  $57,534,104

  Hospitality

  $52,700,932

  Educational

  $43,846,556

  Medical

  $45,354,508

  Retail

  $68,205,752

Location Insight

City

Bethesda

County

Montgomery

State

Maryland

Latitude

39.0226

Longitude

-77.1364

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].