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Property profile & analytics
OFF-MARKET
Estimated value
$10,815,000
Office buildings
1 Taft Ct Rockville, MD 20850-5313
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1885581
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
34,174 SF
Lot
1.46 ac (63,800 SF)
Zoning code
MXB
APN
04-03724393
UPID
US40-1885581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Walter Reed Army Institute-Research: Mc Neil John MD Physician
-
Maryland Avian & Exotics Veterinary Care Veterinary Clinic
-
BluePearl Pet Hospital Veterinary Clinic
-
CVCA Cardiac Care For Pets Veterinary Clinic
-
CVCA Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.65M
CAP Approach
CAP
$6.86M
Comparable Approach
Comparable
$9.30M
Blend (final)
Blend
$10.82M
Owner & transaction history
Cvvf Bp Specialty Portfolio Md LLC · 3 yrs held
Cvvf Bp Specialty Portfolio Md LLC
since 2023
Last sale
$14.3M
6 recorded transactions
Zoning & alternative use
MXB · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$16.3M
+54.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$10,650,000
CAP Approach
CAP Return
Estimation
6%
$7,425,000
6.5%
$6,855,000
7%
$6,365,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,520,000
Current use
INDUSTRIAL (GENERAL)
$16,285,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,675,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$10.82M
Range $9.73M – $11.90M · ±10% · vs last sale $14.28M (Feb 10 2023)
Last sale anchor
$14.28M
Feb 10 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$316 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$108,650
Tax year 2022
Assessed value
$7,700,000
Assessed 2023
Previous assessed
$7,631,800
+0.9% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,602,600
Assessed improvement
$6,097,400
Land market value
$1,602,600
Improvement market value
$6,097,400
Total market value
$7,700,000
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
34,174 SF
Lot
1.46 ac (63,800 SF)
Zoning code
MXB
APN
04-03724393
UPID
US40-1885581
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXB · Rockville, MD
Zoning MXB · permitted uses
MXB · Rockville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.5M
INDUSTRIAL (GENERAL)
Est. value
$16.3M
WAREHOUSE, STORAGE
Est. value
$8.7M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Cvvf Bp Specialty Portfolio Md LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
$14,275,000
Cvvf Bp Specialty Portfolio Md LLC
Bbs Taft LLC
Special Warranty Deed
$7,670,080 · First Citizens Bank & Trust Co
Nov 8, 2018
—
Bbs Taft LLC
—
Deed
related
$6,800,000 · First Citizens Bank And Trust Co INC
May 27, 2016
$4,100,000
Cornerstone Montgomery INC
1 & 2 Taft LLC
Trustees Deed
$7,500,000 · Wells Fargo Bk
Oct 30, 2014
—
Bbs Taft LLC
—
Loan Modification
related
$7,279,503 · Branch Bk&tr
Oct 21, 2013
$3,090,000
Bbs Taft LLC
1 & 2 Taft LLC
Grant Deed
$7,340,000 · Branch Bk&tr
—
—
1 & 2 Taft LLC
—
Deed Of Trust
related
$32,600,000 · Goldman Sachs Com'l Mtg Cap
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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