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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office buildings
19630 Waters Rd Germantown, MD 20874-2612
Entity Owned
13-yr Hold
Property ID
US40-0244714
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Total area
1,571 SF
Lot
0.7 ac (30,492 SF)
Zoning code
CRT1.
APN
02-00021150
UPID
US40-0244714
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
-
Geyers Towing & Recovery Auto Repair Shop
-
Towing Gaithersburg Auto Repair Shop
-
Heavy Duty Towing Germantown Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$645k
Owner & transaction history
Waters Road LLC · 13 yrs held
Waters Road LLC
since 2013
7 recorded transactions
Zoning & alternative use
CRT1. · Germantown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$870,000
+74.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$500,000
Current use
RETAIL STORES
$870,000
Change: +74% · Conversion: Moderate
WAREHOUSE, STORAGE
$490,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$455,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$411 / 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
$9,563
Tax year 2022
Assessed value
$751,867
Assessed 2023
Previous assessed
$736,000
+2.2% YoY
Effective rate
1.27%
On assessed value
Land market value
$442,100
Improvement market value
$341,500
Total market value
$783,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Units
1
Total area
1,571 SF
Lot
0.7 ac (30,492 SF)
Zoning code
CRT1.
APN
02-00021150
UPID
US40-0244714
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT1. · Germantown, MDZoning CRT1. · permitted uses
CRT1. · Germantown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$500,000
RETAIL STORES
Est. value
$870,000
WAREHOUSE, STORAGE
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$455,000
OFFICE BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1960
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Waters Road LLC
Entity
Mailing address
19630 WATERS RD, GERMANTOWN, MD 20874-2612
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2017
—
Waters Road LLC
—
Deed
related
$400,000 · Damascus Community Bank
Apr 24, 2013
—
Waters Road LLC
Geyer,steven J
Grant Deed
—
May 18, 2007
—
Steven J Geyer
Geyer,steven J & Lisa D
Quit Claim Deed
related
—
Feb 5, 2003
$360,000
Steven J Geyer
Steiding,kenneth A & Gail M
Grant Deed
$288,000 · Damascus Community Bank
—
—
Waters Road LLC
—
Deed Of Trust
related
$300,000 · Damascus Community Bank
—
—
Steven J Geyer
—
Deed Of Trust
related
$99,942 · Damascus Community Bank
—
—
Geyer,steven J & Lisa D
—
Deed Of Trust
related
$380,000 · Damascus Cmnty Bk
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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