50 Montgomery AveRockville, MD 20850

Property Details for 50 Montgomery Ave

Year built

1979

Construction

BRICK

Lot size

0.82 AC

Property size (Sq ft)

23,078 SF

Zone code

MXNC

Property type

Office buildings

APN

04-00148976

APU

400148976

Description

This exceptional executive office space at 50 W. Montgomery Ave. in Rockville, Maryland, offers 5,476 square feet of total building area, with 5,440 square feet currently vacant and available for lease. The property is ideally situated in downtown Rockville, boasting a highly convenient location just half a block from the courthouse and two blocks from the Metro station, providing unparalleled accessibility for tenants and clients. The building offers multiple tenancy options, with suites ranging from a minimum of 751 square feet to a maximum contiguous space of 2,045 square feet, allowing for flexibility to accommodate various business needs and sizes. Four individual spaces are currently available. This full-service offering includes all utilities and janitorial services within the monthly rent, eliminating the hassle of managing these expenses separately. Ample free parking is also provided for tenants and their guests. The property is located in Montgomery County, Maryland, with a zip code of 20850. This presents a rare opportunity to secure premium office space in a vibrant and accessible location. Inquire today to learn more about leasing options and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $5,372,508

  6.5%

  $4,959,238

  7%

  $4,605,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,811,669

  Geo Method

  $4,614,216

• Alternative Use

  Use

  Valuation

  Residential

  $6,149,456

  Hospitality

  $5,632,868

  Educational

  $4,686,480

  Medical

  $4,847,656

  Retail

  $7,290,081

Location Insight

City

Rockville

County

Montgomery

State

Maryland

Latitude

39.0838

Longitude

-77.1541

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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