New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Strip malls
1020 Rockville Pike, Rockville, MD 20852-1404
Entity Owned
20-yr Hold
Free & Clear
Property ID
US40-0834689
Property summary
AI-generated overview
Edmonston Crossing, located at 1020 Rockville Pike in Rockville, Maryland, presents a unique opportunity for retail businesses. This property, boasting a newly renovated facade, offers a single available space totaling 3,240 square feet. The building itself comprises 35,513 square feet, with the minimum divisible space being 3,240 square feet, and the maximum contiguous space also at 3,240 square feet. This means the entire available space is a single unit, perfect for a business seeking a prominent location. The property is zoned MXCD, reflecting its suitability for a variety of commercial uses. Ample surface and deck parking is available for customers and employees, enhancing the convenience and appeal of this location. Situated in the vibrant city of Rockville, Maryland, zip code 20852, this retail space benefits from excellent visibility and accessibility. This is the last remaining space in the building, making it a highly sought-after opportunity. Don't miss out on this chance to establish your business in a prime Rockville location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1964
Construction
BRICK
Total area
35,631 SF
Lot
2.69 ac (117,176 SF)
Zoning code
MXCD
APN
04-02254737
UPID
US40-0834689
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
-
CS New York Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$1.94M
Owner & transaction history
Edmonston Properties LLC · 20 yrs held
Edmonston Properties LLC
since 2006
5 recorded transactions
Zoning & alternative use
MXCD · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+70.6%
Retail stores
$2.3M
+63.8%
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
$1,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,385,000
Current use
MEDICAL BUILDING
$2,365,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$2,270,000
Change: +64% · Conversion: Easy
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10%
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
$54 / 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
$222,730
Tax year 2022
Assessed value
$16,100,000
Assessed 2023
Previous assessed
$15,850,000
+1.6% YoY
Effective rate
1.38%
On assessed value
Assessed land
$4,075,300
Assessed improvement
$12,024,700
Land market value
$4,075,300
Improvement market value
$12,024,700
Total market value
$16,100,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1964
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
1
Units
2
Total area
35,631 SF
Lot
2.69 ac (117,176 SF)
Zoning code
MXCD
APN
04-02254737
UPID
US40-0834689
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXCD · Rockville, MD
Zoning MXCD · permitted uses
MXCD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
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
1964
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.69 ac
Current owner
From public records · entity-resolved
Edmonston Properties LLC
Entity
Free & Clear · 20 yrs held
Mailing address
11 N WASHINGTON ST STE #200, ROCKVILLE, MD 20850-4261
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2021
—
Edmonston Properties LLC
—
Deed
related
$3,300,000 · Nationwide Life Insurance Company
May 10, 2006
—
Edmonston Properties LLC
—
Deed Of Trust
related
$5,500,000 · Nationwide Life Insurance Co
Mar 21, 2006
—
Edmonston Properties LLC
Whalen,cornlius M
Grant Deed
related
—
Mar 15, 2006
—
Cornelius M Whalen
Whalen Cornelius M Trust
Quit Claim Deed
related
—
—
—
Carl V Schieren
—
Deed Of Trust
related
$60,000 · Crestar Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1020 Rockville Pike?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
