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    Property profile & analytics

    12231 Parklawn Dr Rockville, MD 20852

    • Industrial properties
    • 16,211 SF
    • 0.88 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $6,400,000
    Last Sale
    Sep 15, 2022
    $6,400,000
    Location Intelligence
    Property ID
    US40-0884130
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wm Dumpster Rental of Rockville / Dumpster Rental Service
    • Floy Portable Toilet Rental / Portable Toilet Supplier
    • Forrester Construction / Construction Company / General Contractor

    Property Details for 12231 Parklawn Dr

    Year built
    1964
    Construction
    BRICK
    Lot size
    0.88 lot acres
    Property size
    16,211 SF
    Zone code
    IL1.0
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    04-00135473
    APU
    400135473

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,325,000
      6.5%
      $6,185,000
      7%
      $6,030,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,775,000
      Geo Method
      $6,790,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,485,000
      Retail
      $6,700,000
      Mixed-Use
      $5,200,000
      Hospitality
      $5,825,000
      Educational
      $6,730,000
      Residential Income
      $6,840,000
      Energy
      $5,615,000
      Income-Based Land
      $6,805,000
      Food Service
      $5,225,000

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1099
    Latitude
    39.0583
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $46,975
    $706,000
    $3,345,500
    $4,051,500
    -
    $706,000
    $3,345,500
    $4,051,500

    Comparable in this City

    • Value Estimation by Request
      30,530 SF

      12221 Parklawn Dr

      INDUSTRIAL LOFT BUILDING • 30,530 SF
      12221 Parklawn Dr, Rockville, MD 20852-1711
      View Details
    • Value Estimation by Request
      37,279 SF

      5708 Frederick Ave

      INDUSTRIAL LOFT BUILDING • 37,279 SF
      5708 Frederick Ave, Rockville, MD 20852-1818
      View Details
    • Value Estimation by Request
      4.15 Acres

      12715 Rock Crk Ml Rd

      INDUSTRIAL (GENERAL) • 4.15 Acres
      12715 Rock Crk Ml Rd, Rockville, MD 20852
      View Details
    • Value Estimation by Request
      0.12 Acres

      Wilkins Ave

      INDUSTRIAL (GENERAL) • 0.12 Acres
      Wilkins Ave, Rockville, MD 20852
      View Details
    • Value Estimation by Request
      2.87 Acres

      11920 Parklawn Dr

      INDUSTRIAL (GENERAL) • 2.87 Acres
      11920 Parklawn Dr, Rockville, MD 20852-2627
      View Details
    • Value Estimation by Request
      12,800 SF

      1800 Chapman Ave

      INDUSTRIAL (GENERAL) • 12,800 SF
      1800 Chapman Ave, Rockville, MD 20852-1615
      View Details

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    Similar Nearby for Lease

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    • $18 SF/Yr
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      Rockville Flex Space Available

      Versatile space suitable for office, retail, or flex use.
      12231 Parklawn Dr, Rockville, MD 20852
      View Details
    • $12 SF/Yr
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    Rockville, MD 20852
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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