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Property profile & analytics
FOR LEASE
Community centers
1701 Rockville Pike, Rockville, MD 20852
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1362779
For Lease
1 / 5
$42 SF/Yr
1701 Rockville Pike, Rockville, MD 20852
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1953
Construction
BRICK
Total area
26,357 SF
Lot
5.04 ac (219,414 SF)
Zoning code
MXCD
APN
04-03395627
UPID
US40-1362779
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
-
The Shops at Congressional Village Shopping Center & Mall
-
Laura Alexa Studio Hair Salon
-
Divine Eyebrow Threading Hair Salon Nail Salon
-
SuperNova style salon Hair Salon
-
Tiny HeadQuarters Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.52M
Owner & transaction history
Windfall Rockville LLC · 3 yrs held
Windfall Rockville LLC
since 2023
6 recorded transactions
Zoning & alternative use
MXCD · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+70.6%
Retail stores
$1.7M
+63.8%
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
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Current use
MEDICAL BUILDING
$1,750,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$1,680,000
Change: +64% · Conversion: Easy
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±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
$57 / 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
$348,913
Tax year 2022
Assessed value
$24,979,200
Assessed 2023
Previous assessed
$24,979,200
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$7,631,200
Assessed improvement
$17,348,000
Land market value
$7,631,200
Improvement market value
$17,348,000
Total market value
$24,979,200
Applied tax rate
12.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1953
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
5
Stories
2
Units
5
Total area
26,357 SF
Lot
5.04 ac (219,414 SF)
Zoning code
MXCD
APN
04-03395627
UPID
US40-1362779
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXCD · Rockville, MD
Zoning MXCD · permitted uses
MXCD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
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
1953
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
5
Units
5
Lot
5.04 ac
Current owner
From public records · entity-resolved
Windfall Rockville LLC
Entity
Mailing address
4360 E NEW YORK ST, AURORA, IL 60504-4121
Ownership since
2023
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
Feb 8, 2023
$44,000,000
Windfall Rockville LLC
Cv Shopping Center Associates LLC
Trustees Deed
related
$30,800,000 · First Technology Federal Cu
Jan 30, 2019
—
Cv Shopping Ctr Assocs LLC
—
Deed
related
$46,000,000 · Bds III Mortgage Capital B LLC
Feb 8, 2017
—
Cv Shopping Center Assocs LLC
Congressional Village Assocs L
Grant Deed
$40,000,000 · Pfp Holding Co V LLC
Oct 29, 2004
—
Congressional Village Assocs LLC
Congressional South Assocs
Quit Claim Deed
related
$18,500,000 · Deutsche Banc Mortgage Capital
—
—
Cv Shopping Ctr Assocs LLC
—
Deed Of Trust
related
$46,000,000 · Bds III Mortgage Capital B LLC
—
—
Village Assocs L Congressional
—
Deed Of Trust
related
$44,500,000 · Deutsche Bank Mtg Cap LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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