1 Choice Hotels CirRockville, MD 20850

Property Details for 1 Choice Hotels Cir

Year built

2013

Lot size

1.09 AC

Property size (Sq ft)

190,907 SF

Zone code

PD-MC

Property type

Office buildings

APN

04-03698692

APU

403698692

Description

Rockville Metro Plaza II offers 203,726 square feet of Class A office space in a prime Rockville location. This eleven-story, 2013-built LEED Platinum building boasts luxurious finishes including high ceilings, glass offices, stone accent walls, and floor-to-ceiling windows. Suites range from 2,531 to a maximum contiguous 183,704 square feet, accommodating various tenant needs. An additional 5,673 square feet of ground-level space is also available, including a 3,142 square foot space with signage opportunity and a 2,531 square foot unfinished shell space. The building features 460 parking spaces (a 2.0/1,000 SF ratio) across four levels in an attached garage and is conveniently located near Rockville Pike (Rte 355) and East Middle Lane, adjacent to Rockville Town Square. This vibrant area offers numerous dining, retail, and fitness options, anchored by the Fenestra Apartments and Palladian Condominiums. The Rockville Metro Station (Red Line) and MARC Rail Station are within walking distance. The building has received numerous awards recognizing its design and construction excellence, including the 2014 ABC Greener Tomorrow Award, the 2014 WBC Craftsmanship Award for Interior Stone and Marble Masonry, and the 2014 IREM BEAM Award. Its strategic location in the heart of Rockville Town Center, a highly desirable area, makes it an exceptional opportunity for businesses seeking a prestigious address.

• CAP approach

  CAP return

  Valuation

  6%

  $44,442,736

  6.5%

  $41,024,064

  7%

  $38,093,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,258,830

  Geo Method

  $38,169,944

• Alternative Use

  Use

  Valuation

  Residential

  $50,869,840

  Hospitality

  $46,596,500

  Educational

  $38,767,740

  Medical

  $40,101,024

  Retail

  $60,305,376

Location Insight

City

Rockville

County

Montgomery

State

Maryland

Latitude

39.0857

Longitude

-77.1491

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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