1043 Rockville PikeRockville, MD 20852

Property Details for 1043 Rockville Pike

Year built

1964

Construction

BRICK

Lot size

2.08 AC

Property size (Sq ft)

35,276 SF

Zone code

MXCD

Property type

Strip malls

Property subtype

Neighborhood centers

APN

04-00148497

APU

400148497

Description

The Talbott Center, located at 1043 Rockville Pike in Rockville, Maryland, 20852, offers exceptional retail space for lease. This multi-tenant commercial property boasts a total of 35,722 square feet, with a variety of unit sizes available. Currently, there is 7,562 square feet of vacant space, offering flexibility for businesses seeking different footprints. Units range from a minimum of 1,266 square feet to a maximum contiguous space of 6,296 square feet, catering to a wide range of retail needs. The property enjoys a highly visible location on Rockville Pike, ensuring excellent exposure to a substantial volume of traffic. The center is zoned MXCD within the City of Rockville, providing opportunities for a diverse range of commercial uses. This prime location offers businesses the chance to establish a strong presence in a thriving Rockville market. The available space presents a unique opportunity for businesses seeking high visibility and convenient access within a well-established commercial center. Interested parties are encouraged to inquire about available unit sizes and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $9,041,260

  6.5%

  $8,345,780

  7%

  $7,749,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,469,700

  Geo Method

  $4,044,580

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,880,500

  Mixed-Use / Specialty

  $8,475,480

  Hospitality / Lodging

  $6,425,780

  Office

  $8,591,200

  Institutional / Educational

  $8,868,060

  Residential Income

  $10,375,600

  Multifamily

  $11,560,000

  Automotive / Energy

  $7,601,200

  Parking / Income-Based Land

  $2,465,550

  Restaurant / Food Service

  $4,748,450

  Healthcare / Senior Housing

  $8,527,930

Location Insight

City

Rockville

County

Montgomery

State

Maryland

Latitude

39.0712

Longitude

-77.1331

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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