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Property profile & analytics
OFF-MARKET
Estimated value
$5,390,000
Strip malls
1101 Nelson St, Rockville, MD 20850-2030
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1088400
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1969
Construction
BRICK
Total area
25,992 SF
Lot
2.27 ac (98,716 SF)
Zoning code
MXC
APN
04-00235755
UPID
US40-1088400
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
-
Evgo Charging Station Electric Vehicle Charging Station
-
Essex Bank Bank Loan Service
-
Cozy Parkland Termite Experts Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.39M
Owner & transaction history
Jcr Woodley Investors LLC · 5 yrs held
Jcr Woodley Investors LLC
since 2020
Last sale
$4.5M
2 recorded transactions
Zoning & alternative use
MXC · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.0M
+591.9%
Industrial (general)
$6.7M
+565.0%
Commercial (general)
$6.1M
+502.7%
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
$6,280,000
ML approach
$6,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,995,000
Change: +592% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,725,000
Change: +565% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,095,000
Change: +503% · Conversion: Easy
RESTAURANT
$5,390,000
Change: +433% · Conversion: Difficult
Blend value · Realmo final
$5.39M
Range $4.85M – $5.93M · ±10% · vs last sale $4.50M (Aug 13 2020)
Last sale anchor
$4.50M
Aug 13 2020
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
$207 / 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
$67,442
Tax year 2022
Assessed value
$4,410,300
Assessed 2023
Previous assessed
$4,410,300
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$2,193,400
Assessed improvement
$2,216,900
Land market value
$2,193,400
Improvement market value
$2,216,900
Total market value
$4,410,300
Applied tax rate
12.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1969
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
25,992 SF
Lot
2.27 ac (98,716 SF)
Zoning code
MXC
APN
04-00235755
UPID
US40-1088400
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXC · Rockville, MD
Zoning MXC · permitted uses
MXC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$7.0M
INDUSTRIAL (GENERAL)
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.1M
RESTAURANT
Est. value
$5.4M
RETAIL STORES
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
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
Year built
1969
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.27 ac
Current owner
From public records · entity-resolved
Jcr Woodley Investors LLC
Entity
Mailing address
1035 THOMAS JEFFERSON ST NW STE #109, WASHINGTON, DC 20007-5200
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
—
Jcr Woodley Investors LLC
—
Deed
related
$3,500,000 · Sandy Spring Bank
Aug 13, 2020
$4,500,000
Jcr Woodley Investors LLC
Woodley Gardens Shopping Center LLC
Special Warranty Deed
$2,925,000 · Hingham Institution For Savings
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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