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Property profile & analytics
OFF-MARKET
Estimated value
$38,805,000
Office buildings
13135 Winged Foot Ln Germantown, MD 20874-2899
Entity Owned
Absentee Owner
Free & Clear
Property ID
US40-1764813
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
97,000 SF
Lot
5.84 ac (254,390 SF)
Zoning code
CR0.7
APN
02-03830791
UPID
US40-1764813
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$47.97M
Blend (final)
Blend
$38.81M
Owner & transaction history
LEVINE INVESTMENTS LIMITED PTNSHP
LEVINE INVESTMENTS LIMITED PTNSHP
Zoning & alternative use
CR0.7 · Germantown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$53.6M
+74.2%
Industrial (general)
$46.2M
+50.2%
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 Germantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Germantown 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$30,765,000
Current use
RETAIL STORES
$53,590,000
Change: +74% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$46,220,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$30,360,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$28,100,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$38.81M
Range $34.92M – $42.69M · ±10%
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
$400 / 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
$419,053
Tax year 2022
Assessed value
$39,741,467
Assessed 2023
Previous assessed
$36,873,300
+7.8% YoY
Effective rate
1.05%
On assessed value
Land market value
$10,995,900
Improvement market value
$34,481,900
Total market value
$45,477,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2021
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Units
1
Total area
97,000 SF
Lot
5.84 ac (254,390 SF)
Zoning code
CR0.7
APN
02-03830791
UPID
US40-1764813
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR0.7 · Germantown, MD
Zoning CR0.7 · permitted uses
CR0.7 · Germantown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Germantown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$30.8M
RETAIL STORES
Est. value
$53.6M
INDUSTRIAL (GENERAL)
Est. value
$46.2M
WAREHOUSE, STORAGE
Est. value
$30.4M
COMMERCIAL (GENERAL)
Est. value
$28.1M
OFFICE BUILDING Current
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2021
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
1
Lot
5.84 ac
Current owner
From public records · entity-resolved
LEVINE INVESTMENTS LIMITED PTNSHP
Individual
Free & Clear · 0 yrs held
Mailing address
2801 E CAMELBACK RD STE #450, PHOENIX, AZ 85016-4363
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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