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Property profile & analytics
OFF-MARKET
Estimated value
$21,625,000
Office buildings
11717 Exploration Ln Germantown, MD 20876-2711
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US40-0692144
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
BRICK
Total area
86,300 SF
Lot
39.49 ac (1,720,184 SF)
Zoning code
EOF07
APN
09-01876473
UPID
US40-0692144
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
-
Hughes Network Systems, LLC Telecommunications Service Data Center
-
HughesNet Telecommunications Service Data Center
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.31M
Comparable Approach
Comparable
$25.14M
Blend (final)
Blend
$21.63M
Owner & transaction history
Hns Real Estate LLC · 21 yrs held
Hns Real Estate LLC
since 2005
2 recorded transactions
Zoning & alternative use
EOF07 · Germantown, 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 Germantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Germantown 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%
$18,750,000
6.5%
$17,310,000
7%
$16,070,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$27,375,000
Current use
WAREHOUSE, STORAGE
$27,010,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,055,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$21.63M
Range $19.46M – $23.79M · ±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
$251 / 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
$602,561
Tax year 2022
Assessed value
$49,936,100
Assessed 2023
Previous assessed
$49,936,100
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$12,471,300
Assessed improvement
$37,464,800
Land market value
$12,471,300
Improvement market value
$37,464,800
Total market value
$49,936,100
Applied tax rate
42.0000
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
1980
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
6
Stories
3
Units
6
Total area
86,300 SF
Lot
39.49 ac (1,720,184 SF)
Zoning code
EOF07
APN
09-01876473
UPID
US40-0692144
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
EOF07 · Germantown, MD
Zoning EOF07 · permitted uses
EOF07 · Germantown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Germantown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$27.4M
WAREHOUSE, STORAGE
Est. value
$27.0M
COMMERCIAL (GENERAL)
Est. value
$25.1M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1980
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
6
Units
6
Lot
39.49 ac
Current owner
From public records · entity-resolved
Hns Real Estate LLC
Entity
Mailing address
11717 EXPLORATION LN, GERMANTOWN, MD 20876-2711
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Sep 20, 2016
—
Hns Real Estate LLC
—
Grant Deed
related
$750,000,000 · Wells Fargo Bk
Apr 26, 2005
—
Hns Real Estate LLC
Hughes Network Systems INC
Grant Deed
$300,000,000 · J P Morgan Chase 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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