Walk down Woodglen Drive and you’ll notice something pretty quickly. It’s got that weird, specific vibe of North Bethesda where everything feels like it’s in a state of "almost there" or "just getting started." If you've been looking at 11355 Woodglen Drive Rockville MD, you’re likely not just browsing for a random office address. You're looking at the Executive Condominium, a spot that sits right in the crosshairs of the massive Pike & Rose development and the older, established bones of Montgomery County.
Location matters. Everyone says it. But here, it’s actually true.
The building itself is a multi-tenant office condominium. This isn't one of those glass-and-steel monoliths owned by a faceless REIT where you never meet the landlord. It’s a place where small business owners—doctors, lawyers, CPAs, tech consultants—actually own their "dirt." Or, well, their air rights and floor space.
What’s actually inside the 11355 Woodglen Drive Rockville MD complex?
It’s a mix. Honestly, it's a bit of a microcosm of the Rockville economy. You’ll find firms like The McGovern Law Group and various medical practitioners who have been anchored there for years. The building was constructed back in 1982. Think about that for a second. In '82, this area was mostly parking lots and strip malls. Now, it’s surrounded by luxury apartments and high-end sushi spots.
The structure spans about 50,000 square feet across four floors. It’s not a skyscraper. It’s approachable. You’ve got a brick facade that looks exactly like 1980s suburban Maryland, which actually offers a bit of a comforting contrast to the hyper-modern, somewhat sterile architecture popping up across the street at Pike & Rose. People often get confused between "Rockville" and "North Bethesda" when looking at this address. Technically, the USPS says Rockville, but the branding of the neighborhood is firmly North Bethesda. This distinction is basically a tax and marketing game.
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Parking is usually the first thing people complain about in MoCo. At 11355 Woodglen, there’s an underground garage and some surface spots. It’s not infinite, but compared to the nightmare of trying to park near the Metro at 5:00 PM, it’s manageable.
Why small businesses are buying units here
Renting is a sucker’s game in a rising market. That’s the sentiment I hear from most people looking at office condos. When you buy a suite at 11355 Woodglen Drive, you’re betting on the long-term appreciation of the White Flint (now often called the North Bethesda) sector plan.
There’s a specific tax benefit here. Owning your office allows for depreciation, which is a massive win for a specialized medical practice or a boutique law firm. Plus, you aren't at the mercy of a landlord who wants to hike the rent 10% because a new Wegmans opened up down the road.
The proximity to the White Flint Metro Station (Red Line) is a major draw. It’s about a ten-minute walk. Maybe twelve if you’re slow or it’s humid—and it’s always humid in July. Being near the Metro means you can actually recruit talent from D.C. or Silver Spring who don't want to deal with the I-270 "Spur" traffic.
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The Pike & Rose effect on Woodglen Drive
Let’s be real. Without Pike & Rose, Woodglen Drive would just be another sleepy side street. Federal Realty Investment Trust poured millions into the immediate vicinity. Now, if you work at 11355 Woodglen, your lunch options went from "brown bag it" to "do I want $18 ramen or a high-end salad?"
This matters for business. Client meetings are easier when you can walk to a decent restaurant. It changes the perceived value of your firm. If you’re a therapist or a financial planner, having an office that feels central and safe is a huge part of the branding.
However, there’s a downside. Construction. It’s constant. The noise and the lane closures on Rockville Pike can make getting to the office a bit of a headache during peak hours. You have to learn the back ways—Nicholson Lane and Executive Boulevard are your best friends.
Managing the "Old Building" reality
Since the building dates back to the early 80s, the mechanical systems are things owners have to keep an eye on. When you buy into a condo association, you’re sharing the cost of the roof, the HVAC, and the elevator maintenance.
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I’ve seen units here that are totally gutted and look like a Silicon Valley startup—exposed ductwork, polished concrete, the whole bit. I’ve also seen units that still have the original 1980s "wood" paneling and fluorescent lights. It’s a "choose your own adventure" situation.
- Property Taxes: Montgomery County isn't cheap. Budget accordingly.
- Condo Fees: These cover the common areas. Ask for the last three years of meeting minutes before buying. You want to see if there are "special assessments" looming for a new roof.
- Zoning: The EOF (Equivalent Office Forest) or similar commercial zoning in this area is fairly flexible, but always check if your specific medical use or retail-ish use is permitted.
The 11355 Woodglen Drive Rockville MD investment outlook
Is it a "buy"?
If you're a practitioner who plans to be in business for 10+ years, absolutely. The land value alone in North Bethesda is skyrocketing. We are seeing a massive shift toward "work-live-play" environments. Even if the office market is weird right now because of remote work, specialized local services (dentists, specialists, local legal counsel) still need physical doors and a lobby.
You aren't just buying square footage. You're buying a spot in a transit-oriented development zone that the county has designated as a high-growth area. That’s a pretty solid hedge against inflation.
What you should do next if you're interested
Don't just look at the Zillow or Crexi listing. You need to actually walk the halls. Check the smell of the common areas—it tells you everything you need to know about the janitorial contract and the health of the condo association.
- Check the Reserve Study: This is a document that shows if the building has enough money saved up for big repairs. If they don't have a healthy reserve, expect your condo fees to jump soon.
- Talk to a Local Commercial Broker: Don't use a residential agent who sells houses in Gaithersburg. You need someone who understands commercial CAM (Common Area Maintenance) charges and the nuances of the North Bethesda market.
- Evaluate the Walk Score: Physically walk from the building to the Metro and to Pike & Rose. If you hate the walk, your employees will too.
- Review the Bylaws: Some office condos have weird rules about signage or after-hours AC. Make sure you can actually run your business the way you want.
If you’re looking to lease, negotiate for a "Tenant Improvement" allowance. Since many of these units are older, the owners are often willing to give you a few months of free rent or cash for carpet and paint just to get a stable tenant in the door.