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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Office Spaces
10563 Metropolitan Ave, Kensington, MD 20895-2600
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US40-0045406
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
3,501 SF
Lot
0.09 ac (3,929 SF)
Zoning code
C2
APN
13-02575972
UPID
US40-0045406
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
-
Marvin J Perry Associates Inc Big Box & Wholesale Store Furniture & Home Goods
-
Mulheron Tree Experts Landscaping General Contractor
-
American Crane Inc Construction Company Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$845k
Owner & transaction history
Real Estate Holding L Chesapeake · 22 yrs held
Real Estate Holding L Chesapeake
since 2004
4 recorded transactions
Zoning & alternative use
C2 · Kensington, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+10.2%
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 Kensington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kensington 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
by Request
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,110,000
Current use
COMMERCIAL (GENERAL)
$1,225,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$1,095,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$241 / 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
$9,012
Tax year 2022
Assessed value
$700,200
Assessed 2023
Previous assessed
$700,200
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$210,000
Assessed improvement
$490,200
Land market value
$210,000
Improvement market value
$490,200
Total market value
$700,200
Applied tax rate
22.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Units
1
Total area
3,501 SF
Lot
0.09 ac (3,929 SF)
Zoning code
C2
APN
13-02575972
UPID
US40-0045406
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
C2 · Kensington, MD
Zoning C2 · permitted uses
C2 · Kensington, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kensington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
Heating
NONE
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Real Estate Holding L Chesapeake
Entity
Mailing address
10563 METROPOLITAN AVE, KENSINGTON, MD 20895-2600
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
—
Chesapeake Real Estate Holdings LLC
—
Deed
related
$540,000 · United Bank
Aug 18, 2016
—
Chesapeake Real Estate Holding LLC
—
Deed
related
$490,860 · Capital One NA
Mar 25, 2004
$555,000
Real Estate Holding L Chesapeake
Metropolitan Office Park
Grant Deed
$425,000 · Oba Fsb
—
—
Chesapeake R/e Holding LLC
—
Deed Of Trust
related
$572,000 · United 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.
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