New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Office buildings
10240 Riv Rd Rockville, MD 20854-4961
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1178877
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
BRICK
Total area
14,166 SF
Lot
0.6 ac (26,279 SF)
Zoning code
NR0.7
APN
10-00853055
UPID
US40-1178877
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
-
Potomac Custom Tailor (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.32M
CAP Approach
CAP
$2.84M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$2.32M
Owner & transaction history
Carrollton Potomac Promenade LLC · 2 yrs held
Carrollton Potomac Promenade LLC
since 2024
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
NR0.7 · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,320,000
ML approach
$2,320,000
CAP Approach
CAP Return
Estimation
6%
$3,080,000
6.5%
$2,840,000
7%
$2,640,000
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±10% · vs last sale $2.32M (Apr 10 2024)
Last sale anchor
$2.32M
Apr 10 2024
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
$164 / 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
$37,287
Tax year 2022
Assessed value
$3,250,000
Assessed 2023
Previous assessed
$3,250,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Land market value
$1,198,300
Improvement market value
$2,136,900
Total market value
$3,335,200
Applied tax rate
42.0000
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
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
14,166 SF
Lot
0.6 ac (26,279 SF)
Zoning code
NR0.7
APN
10-00853055
UPID
US40-1178877
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
NR0.7 · Rockville, MD
Zoning NR0.7 · permitted uses
NR0.7 · 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.
Building & site characteristics
From public records
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Carrollton Potomac Promenade LLC
Entity
Mailing address
11785 BELTSVILLE DR STE #1600, BELTSVILLE, MD 20705-4048
Ownership since
2024
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
Apr 10, 2024
$2,319,559
Carrollton Potomac Promenade LLC
Falls Road Associates LP
Special Warranty Deed
$2,319,559 · Usaa Life Insurance Company
Dec 5, 2023
$2,013,450
Carrollton Potomac Promenade LLC
Potomac Promenade Holding LLC
Special Warranty Deed
—
Dec 5, 2023
$1,127,625
Carrollton Potomac Promenade LLC
Potomac Promenade Holding LLC
Ground Lease
related
$1,000,000 · Usaa Life Insurance Company
Jun 19, 2019
$3,000,000
Potomac Promenade Holding LLC
T C Falls Center Townhouses LLC
Special Warranty Deed
—
Jun 19, 2019
$600,000
Potomac Promenade Holding LLC
T-c Falls Ctr Townhouses LLC
Grant Deed
—
Apr 25, 2014
$3,000,000
T-c Falls Center Townhouses
Falls Road Associates LP
Grant Deed
—
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 10240 Riv Rd?
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.
