1020 Rockville PikeRockville, MD 20852

Property Details for 1020 Rockville Pike

Year built

1964

Construction

BRICK

Lot size

2.69 AC

Property size (Sq ft)

35,631 SF

Zone code

MXCD

Property type

Strip malls

Property subtype

Neighborhood centers

APN

04-02254737

APU

402254737

Description

Edmonston Crossing, located at 1020 Rockville Pike in Rockville, Maryland, presents a unique opportunity for retail businesses. This property, boasting a newly renovated facade, offers a single available space totaling 3,240 square feet. The building itself comprises 35,513 square feet, with the minimum divisible space being 3,240 square feet, and the maximum contiguous space also at 3,240 square feet. This means the entire available space is a single unit, perfect for a business seeking a prominent location. The property is zoned MXCD, reflecting its suitability for a variety of commercial uses. Ample surface and deck parking is available for customers and employees, enhancing the convenience and appeal of this location. Situated in the vibrant city of Rockville, Maryland, zip code 20852, this retail space benefits from excellent visibility and accessibility. This is the last remaining space in the building, making it a highly sought-after opportunity. Don't miss out on this chance to establish your business in a prime Rockville location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,132,250

  6.5%

  $8,429,770

  7%

  $7,827,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,514,680

  Geo Method

  $4,328,120

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $16,040,300

  Mixed-Use / Specialty

  $8,560,770

  Hospitality / Lodging

  $6,490,450

  Office

  $8,677,660

  Institutional / Educational

  $8,957,310

  Residential Income

  $10,480,100

  Multifamily

  $11,676,400

  Automotive / Energy

  $7,677,690

  Parking / Income-Based Land

  $2,490,360

  Restaurant / Food Service

  $4,796,240

  Healthcare / Senior Housing

  $8,613,750

Location Insight

City

Rockville

County

Montgomery

State

Maryland

Latitude

39.073

Longitude

-77.1335

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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