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Property profile & analytics
OFF-MARKET
Estimated value
$99,255,000
Office buildings
10400 Fernwood Rd Bethesda, MD 20817-1102
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0219150
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
BRICK
Total area
775,000 SF
Lot
33.65 ac (1,465,794 SF)
Zoning code
CR1.5
APN
04-01567726
UPID
US40-0219150
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
-
Marriott Child Development Center Daycare Center Foster Care Service
-
The Ritz-Carlton Hotel Company LLC, Corporate Office Corporate Office
-
MARRIOTT INTERNATIONAL // CREATIVE SERVICES Film Production Television Studio
-
United Physical Therapy and Wellness Physician
-
Marriott Creative Agency Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$99.26M
Owner & transaction history
The Grandview LLC · 3 yrs held
The Grandview LLC
since 2023
Last sale
$104.6M
5 recorded transactions
Zoning & alternative use
CR1.5 · Bethesda, 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 Bethesda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethesda 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
$121,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$99.26M
Range $89.33M – $109.18M · ±10% · vs last sale $104.60M (Mar 13 2023)
Last sale anchor
$104.60M
Mar 13 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
$128 / 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
$973,425
Tax year 2022
Assessed value
$80,000,000
Assessed 2023
Previous assessed
$80,000,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$65,000,000
Assessed improvement
$15,000,000
Land market value
$65,000,000
Improvement market value
$15,000,000
Total market value
$80,000,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
BRICK
Heating
YES
Cooling
YES
Stories
7
Units
1
Total area
775,000 SF
Lot
33.65 ac (1,465,794 SF)
Zoning code
CR1.5
APN
04-01567726
UPID
US40-0219150
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR1.5 · Bethesda, MD
Zoning CR1.5 · permitted uses
CR1.5 · Bethesda, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethesda. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
7
Units
1
Lot
33.65 ac
Current owner
From public records · entity-resolved
The Grandview LLC
Entity
Free & Clear · 3 yrs held
Mailing address
701 MAIDEN CHOICE LN, BALTIMORE, MD 21228-5968
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2024
—
The Grandview LLC
—
Deed
related
$185,000,000 · Capital Funding
Mar 13, 2023
—
The Grandview LLC
The Grandview LLC
Intrafamily Transfer
related
—
Jan 8, 2019
$104,604,199
Elp Bethesda LLC
Marbeth Ptshp
Grant Deed
—
Jan 8, 2019
—
Elp Bethesda LLC
—
Deed
related
$42,604,199 · Bank Of Ny Mellon
—
—
Elp Bethesda LLC
—
Loan Modification
related
$42,604,199 · Bank Of Ny Mellon
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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