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Property profile & analytics
OFF-MARKET
Estimated value
$11,435,000
Strip malls
12 Washington St, Rockville, MD 20850-4219
Entity Owned
Free & Clear
Property ID
US40-0981686
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1952
Construction
BRICK
Total area
37,742 SF
Lot
1.5 ac (65,504 SF)
Zoning code
MXNC
APN
04-00148327
UPID
US40-0981686
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
-
Colonial Parking Parking Lot & Garage
-
Courthouse Center Shopping Center & Mall
-
Rick's Barber Shop Barber Shop
-
Nosh Grill House Restaurant
-
老地方 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.44M
Owner & transaction history
Rhzw Investments LLC
Rhzw Investments LLC
since 2026
Last sale
$10.0M
2 recorded transactions
Zoning & alternative use
MXNC · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.2M
+591.9%
Industrial (general)
$9.8M
+565.0%
Commercial (general)
$8.9M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,490,000
6.5%
$14,300,000
7%
$13,275,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,160,000
Change: +592% · Conversion: Easy
INDUSTRIAL (GENERAL)
$9,765,000
Change: +565% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,850,000
Change: +503% · Conversion: Easy
RESTAURANT
$7,830,000
Change: +433% · Conversion: Difficult
Blend value · Realmo final
$11.44M
Range $10.29M – $12.58M · ±10% · vs last sale $10.00M (Feb 9 2026)
Last sale anchor
$10.00M
Feb 9 2026
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
$303 / 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
$61,184
Tax year 2022
Assessed value
$3,900,000
Assessed 2023
Previous assessed
$3,900,000
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$2,531,000
Assessed improvement
$1,369,000
Land market value
$2,531,000
Improvement market value
$1,369,000
Total market value
$3,900,000
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
1952
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
37,742 SF
Lot
1.5 ac (65,504 SF)
Zoning code
MXNC
APN
04-00148327
UPID
US40-0981686
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXNC · Rockville, MD
Zoning MXNC · permitted uses
MXNC · 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
$10.2M
INDUSTRIAL (GENERAL)
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$8.9M
RESTAURANT
Est. value
$7.8M
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
1952
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Rhzw Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
909 ROSE AVE STE #200, NORTH BETHESDA, MD 20852-8724
Ownership since
2026
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
Feb 9, 2026
$10,000,000
Rhzw Investments LLC
Federal Realty Partners LP
Special Warranty Deed
—
Dec 18, 1997
$3,500,000
Federal Realty Partners LP
Rkr Limited Partnership
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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