Entity Owned Property summary
AI-generated overview
This Rockville, MD industrial property, located at 12288 Wilkins Ave, zip code 20852, offers 8,789 square feet of immediately available space within a larger 42,985 square foot building. Built in 1978, the property features a single building with multiple suites, allowing for flexibility in space requirements. The available space is divisible into units ranging from 1,775 to 8,789 contiguous square feet, making it suitable for a variety of businesses. The space boasts a 14-foot ceiling height, eight loading docks equipped with eight dock-high doors, and two drive-in doors, providing ample loading and unloading capabilities. Previous tenants benefited from built-out bathrooms and office areas, along with open warehouse space. The property's convenient location near Route 355 and Parklawn Drive in Rockville, Maryland offers easy access to major transportation routes. The property is classified as Flex, Manufacturing, Warehouse, Distribution, R&D, and Refrigerated/Cold Storage space, catering to diverse industrial needs. This is a rare opportunity to secure versatile industrial space in a prime Rockville location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
BRICK
Total area
21,294 SF
Lot
2.87 ac (125,017 SF)
Zoning code
IL1.0
APN
04-02001494
UPID
US40-0269468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company
-
Hardware & Home Improvement Interior Design
-
HVAC Service General Contractor
-
Waste Management Facility Hazardous Waste Disposal
-
General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.16M
Comparable Approach
Comparable
$3.93M
Blend (final)
Blend
$4.18M
Owner & transaction history
since 2001
2 recorded transactions
Zoning & alternative use
IL1.0 · Rockville, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.18M
Value range
$3.76M – $4.60M
±10% around blend
Estimated value / SF
$196 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$3.76M
blend $4.18M
$4.60M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,294 SF
Lot area
2.87 ac
Year built
1984
Stories
1
APN
04-02001494
Zoning
IL1.0
Assessed value
$7,772,900
Annual tax
$105,294
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.16M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.50M
@ 6.5% CAP return
$4.16M
@ 7% CAP return
$3.86M
4
Sales comparison
Partial preview
Sales approach indication
$6.68M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.8 mi away · 15,022 SF
15.8 mi away · 24,864 SF
16.4 mi away · 20,634 SF
19.1 mi away · 18,840 SF
19.5 mi away · 15,750 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.18M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 36 sales
$254
-23%
County 80 sales
$313
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $196/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.77M
Move the market yield to see immediate price impact.
Value / SF
$365
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$490k
$9.79M
$7.00M
$5.44M
$544k
$10.88M
$7.77M
$6.05M
$599k
$11.97M
$8.55M
$6.65M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$6.00M
11.5 mi · Dec 2025 · $374/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$105,294
Tax year 2022
Assessed value
$7,772,900
Assessed 2023
Previous assessed
$7,953,167
-2.3% YoY
Effective rate
1.35%
On assessed value
Assessed land
$2,052,700
Assessed improvement
$5,720,200
Land market value
$2,052,700
Improvement market value
$5,720,200
Total market value
$7,772,900
Applied tax rate
25.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
SPACE
Buildings
2
Stories
1
Units
2
Total area
21,294 SF
Lot
2.87 ac (125,017 SF)
Zoning code
IL1.0
APN
04-02001494
UPID
US40-0269468
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IL1.0 · Rockville, MDZoning IL1.0 · permitted uses
IL1.0 · Rockville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
BRICK
Heating
SPACE
Stories
1
Buildings
2
Units
2
Lot
2.87 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IL1.0
Jurisdiction
Rockville, MD
Recorded code
IL1.0
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IL1.0 in Rockville, MD.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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