1800 Rockville PikeRockville, MD 20852

Property Details for 1800 Rockville Pike

Year built

2015

Construction

BRICK

Lot size

3.86 AC

Property size (Sq ft)

476,000 SF

Zone code

RPC

Property type

Apartment buildings

APN

04-00153016

APU

400153016

Description

This exceptional retail property, located at 1800 Rockville Pike in the thriving Rockville submarket of Montgomery County, Maryland, offers 62,753 square feet of prime retail space. Built in 2015, this five-story building boasts a modern design and is equipped with elevators for convenient access to all levels. The property features a minimum of 180 exclusive parking spaces on the first level (P1) for tenants, with non-exclusive access to additional retail parking on the second level (P2), totaling 400 spaces. The lease term extends through 2036, with seven five-year renewal options available, providing long-term stability for prospective tenants. The asking rent is market rate. All uses are considered, making this a versatile opportunity for a wide range of retail businesses. The property's strategic location in Rockville, MD (zip code 20852), ensures high visibility and accessibility for customers. This is an exceptional opportunity to secure a prominent retail presence in a dynamic and growing market. Contact us today to learn more about this outstanding property and discuss your specific needs.

• CAP approach

  CAP return

  Valuation

  6%

  $151,672,000

  6.5%

  $140,005,000

  7%

  $130,004,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $67,851,400

  Geo Method

  $61,613,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $214,285,000

  Retail / Commercial

  $112,615,000

  Mixed-Use / Specialty

  $114,365,000

  Hospitality / Lodging

  $86,706,900

  Office

  $115,926,000

  Institutional / Educational

  $119,662,000

  Multifamily

  $155,986,000

  Automotive / Energy

  $102,567,000

  Parking / Income-Based Land

  $33,269,100

  Restaurant / Food Service

  $64,073,700

  Healthcare / Senior Housing

  $115,072,000

Location Insight

City

Rockville

County

Montgomery

State

Maryland

Latitude

39.0602

Longitude

-77.1214

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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