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Property profile & analytics
OFF-MARKET
Commercial real estate
11418 Rockville Pike 20, Rockville, MD 20852-3092
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1568698
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
APN
04-03686535
UPID
US40-1568698
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
-
System Pools General Contractor
-
NoBe Market Apartments Apartment Building Apartment Complex
-
Gardiner Hall Associates Interior Design Home Decor Store
-
Bun and Pillow Home Decor Store Department Store
-
Rockville pike Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Spus8 Nobe LP · 8 yrs held
Spus8 Nobe LP
since 2018
5 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$23,036
Tax year 2022
Assessed value
$2,050,500
Assessed 2023
Previous assessed
$2,050,500
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,435,300
Assessed improvement
$615,200
Land market value
$1,435,300
Improvement market value
$615,200
Total market value
$2,050,500
Applied tax rate
25.0000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Heating
NONE
Units
8
APN
04-03686535
UPID
US40-1568698
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Units
8
Current owner
From public records · entity-resolved
Spus8 Nobe LP
Entity
Mailing address
PO BOX 638, ADDISON, TX 75001-0638
Ownership since
2018
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
Mar 9, 2026
—
Spus8 Nobe LP
—
Deed
related
$79,035,000 · Mizuho Bank USA
Jan 25, 2018
$194,500,000
Spus8 Nobe LP
North Bethesda Residl I LLC
Trustees Deed
$126,450,000 · Landesbank Hessen Thueringen
Oct 26, 2017
—
North Bethesda Residl I LLC
—
Loan Modification
related
$129,007,929 · Miscellaneous Ins Co
Sep 11, 2012
—
North Bethesda Residl I LLC
White Flint Crossing I LLC
Grant Deed
$150,000,000 · Massachusetts Mutual Life Ins
—
—
North Bethesda Residl LLC
—
Deed Of Trust
related
—
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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