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Property profile & analytics
FOR LEASE
Office buildings
11821 Parklawn Dr, Rockville, MD 20852
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0391920
For Lease
1 / 2
$6,535,000
11821 Parklawn Dr, Rockville, MD 20852
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
BRICK
Total area
44,030 SF
Lot
1.75 ac (76,333 SF)
Zoning code
EOF1.
APN
04-02548147
UPID
US40-0391920
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
-
Simpalm (Bike/Boat/Book/etc) Store Corporate Office
-
Jeffrey R. Bloom Law Firm
-
IKOR Physician
-
ResponseTECH Security Service
-
Right at Home Home Health Care Service Home Help
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.33M
CAP Approach
CAP
$8.83M
Comparable Approach
Comparable
$6.56M
Blend (final)
Blend
$6.54M
Owner & transaction history
Parklawn Mlo LLC · 1 yrs held
Parklawn Mlo LLC
since 2025
Last sale
$4.6M
6 recorded transactions
Zoning & alternative use
EOF1. · Rockville, 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 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
$7,405,000
ML approach
$7,325,000
CAP Approach
CAP Return
Estimation
6%
$9,565,000
6.5%
$8,830,000
7%
$8,200,000
Blend value · Realmo final
$6.54M
Range $5.88M – $7.19M · ±10% · vs last sale $4.55M (Feb 25 2025)
Last sale anchor
$4.55M
Feb 25 2025
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
$148 / 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
$50,192
Tax year 2022
Assessed value
$4,176,200
Assessed 2023
Previous assessed
$4,176,200
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,253,300
Assessed improvement
$2,922,900
Land market value
$1,253,300
Improvement market value
$2,922,900
Total market value
$4,176,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1986
Construction
BRICK
Heating
YES
Cooling
YES
Stories
4
Units
1
Total area
44,030 SF
Lot
1.75 ac (76,333 SF)
Zoning code
EOF1.
APN
04-02548147
UPID
US40-0391920
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
EOF1. · Rockville, MD
Zoning EOF1. · permitted uses
EOF1. · 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.
Building & site characteristics
From public records
Year built
1986
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
4
Units
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Parklawn Mlo LLC
Entity
Mailing address
7700 WISCONSIN AVE #600, BETHESDA, MD 20814-3578
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
$4,550,000
Parklawn Mlo LLC
Pdc Parklawn LLC
Special Warranty Deed
$2,275,000 · Bank Of America NA
Feb 25, 2025
—
Parklawn Mlo LLC
—
Deed
related
$2,275,000 · Bank Of America NA
Oct 2, 2023
$1,220,000
Pdc Parklawn LLC
B9 Sequoia Parklawn Owner LLC
Special Warranty Deed
—
Aug 12, 2022
—
B9 Sequoia Parklawn Owner LLC
Ps Business Parks LP
Special Warranty Deed
—
Nov 30, 1999
$4,680,000
Real Estate Invest Washington
Parklawn Plaza LLC
Grant Deed
—
Oct 17, 1997
$2,600,000
Plaza L L C Parklawn
Allstate Life In
Grant Deed
—
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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