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Property profile & analytics
OFF-MARKET
Estimated value
$89,965,000
Apartment buildings
10301 Grosvenor Pl Rockville, MD 20852-4685
Entity Owned
3-yr Hold
Property ID
US40-1094747
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Total area
291,945 SF
Lot
10.49 ac (456,944 SF)
Zoning code
R10
APN
04-02344361
UPID
US40-1094747
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
-
Mark's Fitness Training Gym & Fitness Center
-
Smith Joseph H MD Physician
-
Just Limos, LLC Bus Charter Bus Company
-
The Magnolia Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$74.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$89.97M
Owner & transaction history
Md Tower LLC · 3 yrs held
Md Tower LLC
since 2022
Last sale
$95.3M
3 recorded transactions
Zoning & alternative use
R10 · 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
$95,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$80,340,000
6.5%
$74,160,000
7%
$68,860,000
Blend value · Realmo final
$89.97M
Range $80.97M – $98.96M · ±10% · vs last sale $95.25M (Aug 30 2022)
Last sale anchor
$95.25M
Aug 30 2022
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
$308 / 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
$718,648
Tax year 2022
Assessed value
$66,309,200
Assessed 2023
Previous assessed
$66,309,200
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$7,283,200
Assessed improvement
$59,026,000
Land market value
$7,283,200
Improvement market value
$59,026,000
Total market value
$66,309,200
Applied tax rate
38.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1987
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
20
Units
237
Total area
291,945 SF
Lot
10.49 ac (456,944 SF)
Zoning code
R10
APN
04-02344361
UPID
US40-1094747
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R10 · Rockville, MD
Zoning R10 · permitted uses
R10 · 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
Year built
1987
Heating
HOT WATER
Cooling
Yes
Stories
20
Units
237
Lot
10.49 ac
Current owner
From public records · entity-resolved
Md Tower LLC
Entity
Mailing address
1701 PENNSYLVANIA AVE NW STE #450, WASHINGTON, DC 20006-5808
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
$95,250,000
Md Tower LLC
Archstone Grosvenor Tower LP
Special Warranty Deed
$63,250,000 · Sumitomo Mitsui Banking Corp
Sep 4, 2012
—
Archstone Grosvenor Tower LP
Greystar Grosvenor Tower LP
Special Warranty Deed
$46,500 · Jones Lang Lasalle Operations LLC
Jan 18, 2008
—
Grosvenor Tower Greystar
—
Deed Of Trust
related
$60,000,000 · Hartford Life Insurance 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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