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Property profile & analytics
OFF-MARKET
Estimated value
$120,400,000
Apartment buildings
19200 Cir Gate Dr Germantown, MD 20874-5205
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-0875397
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Construction
FRAME
Total area
570,215 SF
Lot
40.5 ac (1,764,180 SF)
Zoning code
CR1.0
APN
09-02253050
UPID
US40-0875397
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
$144.85M
Comparable Approach
Comparable
$80.87M
Blend (final)
Blend
$120.40M
Owner & transaction history
Seneca Place LLC · 5 yrs held
Seneca Place LLC
since 2021
Last sale
$120.0M
2 recorded transactions
Zoning & alternative use
CR1.0 · Germantown, 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 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
$136,280,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$156,915,000
6.5%
$144,845,000
7%
$134,500,000
Blend value · Realmo final
$120.40M
Range $108.36M – $132.44M · ±10% · vs last sale $120.00M (Jul 19 2021)
Last sale anchor
$120.00M
Jul 19 2021
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
$211 / 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
$908,165
Tax year 2022
Assessed value
$85,566,500
Assessed 2023
Previous assessed
$85,566,500
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$13,633,600
Assessed improvement
$71,932,900
Land market value
$13,633,600
Improvement market value
$71,932,900
Total market value
$85,566,500
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
Off-Market
Year built
1987
Construction
FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Units
468
Total area
570,215 SF
Lot
40.5 ac (1,764,180 SF)
Zoning code
CR1.0
APN
09-02253050
UPID
US40-0875397
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR1.0 · Germantown, MD
Zoning CR1.0 · permitted uses
CR1.0 · 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.
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
468
Lot
40.5 ac
Current owner
From public records · entity-resolved
Seneca Place LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1745 SHEA CTR DR STE #200, HIGHLANDS RANCH, CO 80129-1540
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$120,000,000
Seneca Place LLC
Pp Rolling Hills Investors LLC
Special Warranty Deed
—
Jun 25, 2018
$87,750,000
Pp Rolling Hills Investors LLC
Rolling Hills Residences LLC
Grant Deed
$64,400,000 · Holliday Fenoglio Fowler
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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