224 Adams StRockville, MD 20850

Property Details for 224 Adams St

Construction

BRICK

Lot size

0.12 AC

Property size (Sq ft)

1,176 SF

Zone code

MXT

Property type

Office buildings

APN

04-00149275

APU

400149275

Description

This exceptional office property, located at 224-226 N Adams St in Rockville, Maryland's vibrant Rockville Town Center submarket, offers 596 square feet of versatile space ideal for a variety of businesses. The property, built in 1986, comprises two buildings with two stories each, boasting an impressive 8-foot ceiling height. The space is currently available for lease as a single unit and features ten individual office rooms, three full bathrooms, and ample basement storage, including a kitchen. The property is classified as Class C and offers convenient off-street parking for eleven or more vehicles. Utilities are included in the monthly lease rate, which ranges from $375 to $550 per month, depending on the specific space. The property is ready for immediate occupancy, making it an excellent opportunity for businesses seeking a move-in ready solution. The building's multiple subtypes, including traditional office, executive office, coworking, and creative office spaces, provide flexibility for various business needs. This location in Montgomery County, zip code 20850, provides easy access to the area's amenities and transportation networks. A reception station/desk is also available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $273,770

  6.5%

  $252,711

  7%

  $234,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $143,276

  Geo Method

  $235,129

• Alternative Use

  Use

  Valuation

  Residential Income

  $313,362

  Hospitality / Lodging

  $287,038

  Institutional / Educational

  $238,812

  Healthcare / Senior Housing

  $247,025

  Retail / Commercial

  $371,485

Location Insight

City

Rockville

County

Montgomery

State

Maryland

Latitude

39.088

Longitude

-77.1553

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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