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Property profile & analytics
OFF-MARKET
Estimated value
$9,355,000
Hotels
1775 Rockville Pike Rockville, MD 20852-1621
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0809202
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1987
Construction
BRICK
Total area
90,930 SF
Lot
0.36 ac (15,873 SF)
Zoning code
MXCD
APN
04-03096787
UPID
US40-0809202
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
-
Mervis Diamond Importers (Bike/Boat/Book/etc) Store
-
EVEN Hotel Rockville - Washington DC Area, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.08M
CAP Approach
CAP
$10.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.36M
Owner & transaction history
T R 1775 Rockville Owner LLC · 4 yrs held
T R 1775 Rockville Owner LLC
since 2022
Last sale
$9.5M
4 recorded transactions
Zoning & alternative use
MXCD · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$10.4M
+174.4%
Office building
$10.0M
+165.6%
Auto repair, garage
$8.9M
+134.7%
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
$9,445,000
ML approach
$9,075,000
CAP Approach
CAP Return
Estimation
6%
$11,340,000
6.5%
$10,465,000
7%
$9,720,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,355,000
Change: +174% · Conversion: Difficult
OFFICE BUILDING
$10,025,000
Change: +166% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,855,000
Change: +135% · Conversion: Difficult
MEDICAL BUILDING
$6,035,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$5,795,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$9.36M
Range $8.42M – $10.29M · ±10% · vs last sale $9.45M (Jan 20 2022)
Last sale anchor
$9.45M
Jan 20 2022
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
$103 / 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
$312,633
Tax year 2022
Assessed value
$9,450,000
Assessed 2023
Previous assessed
$23,725,600
-60.2% YoY
Effective rate
3.31%
On assessed value
Assessed land
$5,714,200
Assessed improvement
$3,735,800
Land market value
$5,714,200
Improvement market value
$3,735,800
Total market value
$9,450,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
7
Units
167
Total area
90,930 SF
Lot
0.36 ac (15,873 SF)
Zoning code
MXCD
APN
04-03096787
UPID
US40-0809202
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
WAREHOUSE, STORAGE
Est. value
$10.4M
OFFICE BUILDING
Est. value
$10.0M
AUTO REPAIR, GARAGE
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$5.8M
WAREHOUSE, STORAGE
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1987
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
7
Units
167
Lot
0.36 ac
Current owner
From public records · entity-resolved
T R 1775 Rockville Owner LLC
Entity
Mailing address
72 WARREN ST STE 6R, NEW YORK, NY 10007-3514
Ownership since
2022
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
Jan 20, 2022
$9,450,000
T R 1775 Rockville Owner LLC
Hoft Properties LLC
Special Warranty Deed
$33,100,000 · Midcap Financial Trust
Jul 17, 2013
$29,000,000
Hoft Properties LLC
Rockville Hospitality LLC
Grant Deed
—
Mar 23, 2012
$9,000,000
Rockville Hospitality LLC
Casco Hotel Group LLC
Grant Deed
$16,000,000 · Eagle Bank
Nov 30, 2007
—
Congressional Hotel Corp
—
Deed Of Trust
related
$14,000,000 · Citizens Bank Pennsylvania
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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