706 Rockville PikeRockville, MD 20852

Property Details for 706 Rockville Pike

Year built

1979

Construction

BRICK

Lot size

0.73 AC

Property size (Sq ft)

5,661 SF

Zone code

MXCD

Property type

Office buildings

APN

04-00155722

APU

400155722

Description

This exceptional 1,280 square foot executive office suite is located at 706 Rockville Pike #300 in Rockville, Maryland, within Montgomery County (zip code 20852). The entire third floor of this freestanding building is available for lease, presenting a unique opportunity for a business seeking high visibility and prominent signage directly facing the main road. The property is classified as both retail and office space, and the suite itself is categorized as an executive office. The building offers multiple tenancies, but this particular space is entirely vacant and ready for immediate occupancy. The property's prime location in Rockville offers excellent access to major transportation routes and a thriving business community. This is an ideal space for a company seeking a high-profile presence in a desirable location. The spacious layout provides ample room for various office configurations, catering to the needs of a growing business. With its prominent street-facing location, this suite offers unparalleled exposure to potential clients and customers. Interested parties are encouraged to inquire further to explore the possibilities this exceptional space offers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,317,869

  6.5%

  $1,216,494

  7%

  $1,129,602

• Comparable approach

  Method

  Valuation

  Relative Method

  $689,698

  Geo Method

  $1,131,860

• Alternative Use

  Use

  Valuation

  Residential

  $1,508,453

  Hospitality

  $1,381,734

  Educational

  $1,149,587

  Medical

  $1,189,123

  Retail

  $1,788,246

Location Insight

City

Rockville

County

Montgomery

State

Maryland

Latitude

39.08

Longitude

-77.1425

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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