1043 Rockville PikeRockville, MD 20852
- Retail properties
- 35,276 SF
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
- Retail properties
- Property subtype
- Strip malls
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,071,900
- 6.5%
- $11,143,292
- 7%
- $10,347,343
-
Comparable approach
- Method
- Valuation
- Relative Method
- $10,830,435
- Geo Method
- $9,800,331
-
Alternative Use
- Use
- Valuation
- Residential
- $9,399,784
- Hospitality
- $8,610,151
- Educational
- $7,163,545
- Medical
- $7,409,910
- Retail
- $11,143,292
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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