Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10215 Fernwood Rd Bethesda, MD 20817-1106

    • Office buildings
    • 136,152 SF
    • 3.79 lot acres
    OFF-MARKET
    Value Estimations
    $26,240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1011810
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Steinberg Wayne DDS / Dental Office
    • Louis John V DDS / Dental Office
    • John Gschwend, MD / Physician
    • Dr. Cynthia A. King, MD / Physician
    • Kimberly Severn, CNM / Midwife

    Property Details for 10215 Fernwood Rd

    Year built
    1978
    Construction
    BRICK
    Lot size
    3.79 lot acres
    Property size
    136,152 SF
    Zone code
    CR1.5
    Property type
    Office buildings
    APN
    04-03381142
    APU
    403381142

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $29,580,000
      6.5%
      $27,305,000
      7%
      $25,355,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bethesda
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1344
    Latitude
    39.024
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $361,308
    $5,747,200
    $25,361,300
    $31,108,500
    -
    $5,747,200
    $25,361,300
    $31,108,500

    Comparable in this City

    • Value Estimation
      $42,385,000
      295,365 SF

      6710 Rockledge Dr

      OFFICE BUILDING • 295,365 SF
      6710 Rockledge Dr, Bethesda, MD 20817-1834
      View Details
    • Value Estimation
      $31,990,000
      192,408 SF

      6800 Rockledge Dr, Unit LU1

      OFFICE BUILDING • 192,408 SF
      6800 Rockledge Dr, Bethesda, MD 20817
      View Details
    • Value Estimation
      $44,485,000
      250,750 SF

      6555 Rock Spg Dr

      OFFICE BUILDING • 250,750 SF
      6555 Rock Spg Dr, Bethesda, MD 20817-2849
      View Details
    • Value Estimation by Request
      2,384 SF

      6501 Democracy Blvd

      OFFICE BUILDING • 2,384 SF
      6501 Democracy Blvd, Bethesda, MD 20817-1685
      View Details
    • Value Estimation
      $34,100,000
      215,917 SF

      6701 Democracy Blvd

      OFFICE BUILDING • 215,917 SF
      6701 Democracy Blvd, Bethesda, MD 20817-1572
      View Details
    • Value Estimation
      $17,815,000
      247,955 SF

      6801 Rockledge Dr

      OFFICE BUILDING • 247,955 SF
      6801 Rockledge Dr, Bethesda, MD 20817-1803
      View Details

    Similar Nearby for Sale

    • $2,425,000

      Glenwood Road Specialty Property

      Specialty property available for sale on Glenwood Road.
      5614 Glenwood Rd, Bethesda, MD 20817
      View Details
    • $1,900,000

      Bethesda Specialty Property For Sale

      Specialty property available in Bethesda, Maryland.
      5505 Pembroke Ter, Bethesda, MD 20817
      View Details
    • $1,749,000

      Bethesda Specialty Property For Sale

      Specialty property available in Bethesda, Maryland.
      6917 Silver Linden St, Bethesda, MD 20817
      View Details
    • $1,100,000
      0.23 Acres

      Bethesda Land: Build Your Dream

      Vacant 0.23-acre lot in desirable Bethesda neighborhood.
      6570 Fallwind Ln, Bethesda, MD 20817
      View Details
    • $1,090,000

      WADSWORTH Dr, Bethesda Property

      Property for sale in Bethesda, MD.
      9407 Wadsworth Dr, Bethesda, MD 20817
      View Details
    • $5,700,000

      Bethesda Specialty Property for Sale

      Specialty property available in Bethesda, Maryland.
      6605 Lybrook Ct, Bethesda, MD 20817
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      21,976 SF

      Bethesda Office Space Available

      104,174 RSF office space for rent in Bethesda, MD.
      6550 Rock Spring Dr, Bethesda, MD 20817
      View Details
    • $35 SF/Yr
      9,098 SF

      Bethesda Office Space For Rent

      Office space with access to major roadways and public transportation.
      6720-B Rockledge Dr, Bethesda, MD 20817
      View Details
    • Contact for pricing
      2,849 SF

      Bethesda Office Space For Lease

      Office space available in Bethesda, Maryland, near Montgomery Mall.
      10411 Motor City Dr, Bethesda, MD 20817
      View Details
    • Contact for pricing
      15,700 SF

      Suburban Bethesda Premier Office Space

      Premier office space in Bethesda with easy access and parking.
      6400 Goldsboro Rd, Bethesda, MD 20817
      View Details
    • $22 SF/Yr
      20,031 SF

      Bethesda Executive Office Suites

      Modern, flexible workspace in prime location.
      6701 Democracy Blvd, Bethesda, MD 20817
      View Details
    • Contact for pricing
      4,380 SF

      Bethesda Office Space Available

      4,380 SF office space for rent in Bethesda, MD.
      6430 Rockledge Dr, Bethesda, MD 20817
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10215 Fernwood Rd
    Bethesda, MD 20817-1106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.