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Property profile & analytics
OFF-MARKET
Estimated value
$73,695,000
Apartment buildings
19520 Waters Rd LUA Germantown, MD 20874-2701
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1913769
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2015
Total area
161,134 SF
Zoning code
CRT
APN
02-03800830
UPID
US40-1913769
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
-
EV Connect Charging Station Electric Vehicle Charging Station
-
HEADDY FREDY E-CIGS & SMOKE SHOP (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Sylvia's Hair Braiding Hair Salon
-
Eye to Eye Eye Care Center Contact Lenses Supplier
-
BEER on TAPz Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$73.70M
Owner & transaction history
Cx Liberty Mill Dst · 4 yrs held
Cx Liberty Mill Dst
since 2022
Last sale
$95.0M
2 recorded transactions
Zoning & alternative use
CRT · 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
$94,955,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$73.70M
Range $66.33M – $81.06M · ±10% · vs last sale $95.00M (Mar 16 2022)
Last sale anchor
$95.00M
Mar 16 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
$457 / 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
$424,008
Tax year 2022
Assessed value
$45,054,067
Assessed 2023
Previous assessed
$45,054,067
+0.0% YoY
Effective rate
0.94%
On assessed value
Land market value
$8,394,300
Improvement market value
$51,865,900
Total market value
$60,260,200
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
2015
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
5
Units
199
Total area
161,134 SF
Zoning code
CRT
APN
02-03800830
UPID
US40-1913769
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT · Germantown, MD
Zoning CRT · permitted uses
CRT · 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
2015
Heating
HOT WATER
Cooling
Yes
Stories
5
Units
199
Current owner
From public records · entity-resolved
Cx Liberty Mill Dst
Individual
Mailing address
4890 W KENNEDY BLVD STE #200, TAMPA, FL 33609-1870
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
$95,000,000
Cx Liberty Mill Dst
Hstr Liberty Mill LLC
Special Warranty Deed
$50,495,000 · Prudential Multifamily Mortgage LLC
May 16, 2018
$65,500,000
Hstr Liberty Mill LLC
Wdf-3 Liberty Mill Owner LLC
Trustees Deed
$42,965,000 · Jones Lang Lasalle Multifamily
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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