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Property profile & analytics
FOR LEASE
Apartment buildings
15250 Siesta Key Way Rockville, MD 20850
Entity Owned
5-yr Hold
Property ID
US40-1873233
For Lease
1 / 7
Contact for pricing
15250 Siesta Key Way, Rockville, MD 20850
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Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2019
Construction
FRAME
Total area
315,000 SF
Lot
4.7 ac (204,523 SF)
Zoning code
CR1.5
APN
09-03724440
UPID
US40-1873233
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
$80.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$91.67M
Owner & transaction history
Hansa Bell Shady Grove Jv LLC · 5 yrs held
Hansa Bell Shady Grove Jv LLC
since 2020
Last sale
$97.9M
4 recorded transactions
Zoning & alternative use
CR1.5 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$86,685,000
6.5%
$80,015,000
7%
$74,300,000
Blend value · Realmo final
$91.67M
Range $82.50M – $100.83M · ±10% · vs last sale $97.85M (Dec 2 2020)
Last sale anchor
$97.85M
Dec 2 2020
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
$291 / 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
$905,952
Tax year 2022
Assessed value
$95,875,500
Assessed 2023
Previous assessed
$95,875,500
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$13,677,700
Assessed improvement
$82,197,800
Land market value
$13,677,700
Improvement market value
$82,197,800
Total market value
$95,875,500
Applied tax rate
42.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
For Lease
Year built
2019
Construction
FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
4
Units
315
Total area
315,000 SF
Lot
4.7 ac (204,523 SF)
Zoning code
CR1.5
APN
09-03724440
UPID
US40-1873233
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR1.5 · Rockville, MD
Zoning CR1.5 · permitted uses
CR1.5 · 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
2019
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
315
Lot
4.7 ac
Current owner
From public records · entity-resolved
Hansa Bell Shady Grove Jv LLC
Entity
Mailing address
300 N GREENE ST STE #1000, GREENSBORO, NC 27401-2173
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
$97,850,000
Hansa Bell Shady Grove Jv LLC
Cgp II Siesta Key Md Venture LLC
Special Warranty Deed
$49,000,000 · Walker & Dunlop LLC
Dec 2, 2020
—
Hansa & Bell Shady Grove Jv LLC
Siesta Key L Cgp II Md
Grant Deed
related
—
Feb 5, 2020
—
State Of Md
Mallory Square Partners I Ll
Grant Deed
—
May 23, 2017
—
Cgp II Siesta Key Md Venture L
Mallory Square Partners II LLC
Grant Deed
—
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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