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This exceptional 128,440 square foot, five-story office building in Rockville, Maryland presents a compelling investment opportunity. Situated on a 7.24-acre lot at the prominent intersection of Frederick Road/MD-355 and West Gude Drive, this property boasts high visibility and convenient access to major transportation arteries, including I-270, and the Rockville and Shady Grove Metro stations (both 1.4 miles away). The building, constructed in 1986, features 463 surface parking spaces and is currently 49.6% leased, with all current leases expiring by September 28, 2028. The property benefits from its MXE (Mixed-Use Employment) zoning, allowing for by-right residential development, aligning with the City of Rockville's comprehensive plan supporting increased housing. The building itself is well-maintained, with a recently replaced TPO roof (2015, 20-year warranty), and offers high ceiling heights (14'-8" on the first floor, 13'-4" on floors 2-5), suitable for conversion to medical or life science uses. Building amenities include a fitness center with locker rooms and showers, and a conference center. The building's robust infrastructure includes a concrete slab-on-grade foundation, steel-framed structure, brick veneer and curtain wall exterior, two passenger elevators, one freight elevator, and a fully sprinklered fire protection system. Utilities include public water and sewer, with natural gas available. This property offers a strong income stream from existing leases, coupled with significant redevelopment potential in a high-demand location. A conceptual plan illustrating the potential for 150 stacked townhomes is available.
Highlights
128,440 SF, five-story office building on a 7.24-acre lot in Rockville, MD.
High-visibility location at Frederick Rd/MD-355 and West Gude Drive, 1.4 miles from Rockville and Shady Grove Metro stations.
463 surface parking spaces.
49.6% leased, all leases expiring 9/28/2028.
MXE zoning allows for by-right residential development.
Well-maintained building with a 2015 TPO roof (20-year warranty), 14'-8" first-floor ceilings, and 13'-4" ceilings on floors 2-5.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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