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Property profile & analytics
FOR LEASE
Industrial properties
12221 Parklawn Dr, Rockville, MD 20852
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-0326786
For Lease
1 / 2
$22 SF/Yr
12221 Parklawn Dr, Rockville, MD 20852
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1964
Construction
BRICK
Total area
30,530 SF
Lot
1.41 ac (61,526 SF)
Zoning code
IL1.0
APN
04-00135278
UPID
US40-0326786
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
-
Millennium Home Visiting Nurse LLC Home Health Care Service
-
America's Granite Hardware & Home Improvement
-
RMG Construction Inc Hardware & Home Improvement Interior Design
-
Vekiel Rockville (Maryland) Medical Clinic
-
Health Technicians Inc. Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
Bgr Associates LLC · 7 yrs held
Bgr Associates LLC
since 2019
7 recorded transactions
Zoning & alternative use
IL1.0 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$74 / 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
$47,706
Tax year 2022
Assessed value
$3,663,600
Assessed 2023
Previous assessed
$3,524,633
+3.9% YoY
Effective rate
1.30%
On assessed value
Assessed land
$891,500
Assessed improvement
$2,772,100
Land market value
$891,500
Improvement market value
$2,772,100
Total market value
$3,663,600
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
1964
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
30,530 SF
Lot
1.41 ac (61,526 SF)
Zoning code
IL1.0
APN
04-00135278
UPID
US40-0326786
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IL1.0 · Rockville, MD
Zoning IL1.0 · permitted uses
IL1.0 · 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
1964
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Bgr Associates LLC
Entity
Mailing address
7216 ARMAT DR, BETHESDA, MD 20817-2108
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
—
Bgr Associates LLC
—
Deed
related
$500,000 · United Bank
Jan 14, 2019
$3,725,000
Bgr Associates LLC
Parklawn Drive LLC
Grant Deed
$2,710,000 · United Bk
Jul 26, 2018
—
Parklawn Dr LLC
—
Deed
related
$400,000 · Sandy Spring Bank
Jun 8, 2018
—
Parklawn Drive LLC
—
Deed
related
$2,000,000 · Sandy Spring Bank
Apr 21, 1998
$922,000
12221 Parklawn Drive LLC
American Type Culture Collecti
Grant Deed
$1,000,000 · Crestar Bank
—
—
Parklawn Drive LLC
—
Deed Of Trust
related
$300,000 · Revere Bank
—
—
Parklawn Drive LLC
—
Deed Of Trust
related
$249,000 · Revere Bk
—
—
Parklawn Drive LLC
—
Deed Of Trust
related
$1,280,000 · Bank Of America
—
—
Parklawn Drive LLC
—
Deed Of Trust
related
$200,000 · Revere Bank
—
—
Parklawn Drive LLC
—
Deed Of Trust
related
$1,300,000 · Revere 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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