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Property profile & analytics
OFF-MARKET
Estimated value
$5,010,000
Warehouses
12300 Carroll Ave, Rockville, MD 20852-1814
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0183606
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
BRICK
Total area
22,000 SF
Lot
0.73 ac (32,008 SF)
Zoning code
IL1.0
APN
04-00079354
UPID
US40-0183606
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
-
Silver Lining Design Group Event Planning Wedding Service
-
Stacato LLC Research And Product Development
-
Hestia Harlow Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.03M
CAP Approach
CAP
$4.30M
Comparable Approach
Comparable
$6.18M
Blend (final)
Blend
$5.01M
Owner & transaction history
Cmf Carroll LLC · 1 yrs held
Cmf Carroll LLC
since 2025
Last sale
$4.8M
6 recorded transactions
Zoning & alternative use
IL1.0 · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.8M
+39.5%
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
$6,140,000
ML approach
$6,025,000
CAP Approach
CAP Return
Estimation
6%
$4,650,000
6.5%
$4,295,000
7%
$3,985,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,585,000
Current use
COMMERCIAL (GENERAL)
$7,790,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$5.01M
Range $4.51M – $5.51M · ±10% · vs last sale $4.82M (Dec 4 2024)
Last sale anchor
$4.82M
Dec 4 2024
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
$228 / 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
$47,149
Tax year 2022
Assessed value
$4,311,800
Assessed 2023
Previous assessed
$3,740,533
+15.3% YoY
Effective rate
1.09%
On assessed value
Assessed land
$772,900
Assessed improvement
$3,538,900
Land market value
$772,900
Improvement market value
$3,538,900
Total market value
$4,311,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
BRICK
Heating
SPACE
Stories
2
Units
1
Total area
22,000 SF
Lot
0.73 ac (32,008 SF)
Zoning code
IL1.0
APN
04-00079354
UPID
US40-0183606
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$7.8M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1981
Construction
BRICK
Heating
SPACE
Stories
2
Units
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Cmf Carroll LLC
Entity
Mailing address
529 KEALALOA AVE, MAKAWAO, HI 96768-9055
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
Mar 4, 2025
$4,820,000
Cmf Carroll LLC
Hrc Carroll LLC
Special Warranty Deed
$4,820,000 · Cmf Operating Company LLC
May 14, 2020
$4,400,000
Hrc Carroll LLC
12300 Carroll Investors LLC
Grant Deed
—
Jul 17, 2017
—
12300 Carroll Investors LLC
—
Deed
related
$1,785,000 · Burke & Herbert Bk&tr
Mar 13, 2017
$2,980,000
12300 Carroll Investors LLC
Sfs Carroll Avenue LLC
Grant Deed
—
Sep 13, 2002
$1,567,750
Sfs Carroll Avenue LLC
Area LP
Grant Deed
$1,332,000 · Potomac Valley Bank
—
—
12300 Carroll Investors LLC
—
Deed Of Trust
related
$1,785,000 · Burke & Herbert Bk&tr
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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