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Property profile & analytics
OFF-MARKET
Estimated value
$15,665,000
Warehouses
1011 Gude Dr, Rockville, MD 20850
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0920691
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
BRICK
Total area
78,095 SF
Lot
3.14 ac (136,713 SF)
Zoning code
IM2.5
APN
04-00056080
UPID
US40-0920691
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.17M
CAP Approach
CAP
$15.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.67M
Owner & transaction history
Gude Partners Tic 1 LLC · 2 yrs held
Gude Partners Tic 1 LLC
since 2023
Last sale
$16.4M
6 recorded transactions
Zoning & alternative use
IM2.5 · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$24.0M
+21.3%
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
$19,115,000
ML approach
$11,170,000
CAP Approach
CAP Return
Estimation
6%
$16,510,000
6.5%
$15,240,000
7%
$14,150,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$19,820,000
Current use
OFFICE BUILDING
$24,045,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$15.67M
Range $14.10M – $17.23M · ±10% · vs last sale $16.40M (Oct 23 2023)
Last sale anchor
$16.40M
Oct 23 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
$201 / 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
$164,489
Tax year 2022
Assessed value
$14,548,400
Assessed 2023
Previous assessed
$14,548,400
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,377,400
Assessed improvement
$12,171,000
Land market value
$2,377,400
Improvement market value
$12,171,000
Total market value
$14,548,400
Applied tax rate
53.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
78,095 SF
Lot
3.14 ac (136,713 SF)
Zoning code
IM2.5
APN
04-00056080
UPID
US40-0920691
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IM2.5 · Rockville, MD
Zoning IM2.5 · permitted uses
IM2.5 · 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
WAREHOUSE, STORAGE Current
Est. value
$19.8M
OFFICE BUILDING
Est. value
$24.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1972
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
3.14 ac
Current owner
From public records · entity-resolved
Gude Partners Tic 1 LLC
Entity
Mailing address
4905 DEL RAY AVE STE #200, BETHESDA, MD 20814-2559
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
Oct 23, 2023
$16,400,000
Gude Partners Tic 1 LLC
Bpaz Holdings 2 LLC
Special Warranty Deed
$10,500,000 · Burke And Herbert Bank And Trust Co
Jun 1, 2018
—
Bpaz Holdings 2 LLC
—
Deed
related
$7,370,000 · Phl Variable Ins Co
Feb 26, 2018
$14,550,000
Bpaz Holdings 2 LLC
Four Corners Gude LLC
Grant Deed
—
Aug 2, 2013
$5,870,000
Four Corners Gude LLC
H & S Leasing Assocs LLP
Grant Deed
$7,480,000 · Branch Bk&tr
—
—
Four Corners Gude LLC
—
Loan Modification
related
$9,100,000 · Branch Bk&tr
—
—
Bpaz Holdings 2 LLC
—
Deed Of Trust
related
$7,370,000 · Phl Variable Ins Co
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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