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Property profile & analytics
OFF-MARKET
Estimated value
$13,375,000
Office buildings
20 Gude Dr Rockville, MD 20850-4356
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-0741729
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
BRICK
Total area
64,941 SF
Lot
3.7 ac (161,172 SF)
Zoning code
MXE
APN
04-02544162
UPID
US40-0741729
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
-
Keller Williams Capital Properties : KELLY MELROSE Real Estate Agency
-
David Mecklenburg, Keller Williams Capital Properties Real Estate Agency
-
Becky Logan, Re/Max Realty Centre Real Estate Agency
-
David Maldonado, COMPASS, Aubrey|Koseian Group Real Estate Agency
-
Rany Justin, KW Capital Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.60M
CAP Approach
CAP
$13.03M
Comparable Approach
Comparable
$9.42M
Blend (final)
Blend
$13.38M
Owner & transaction history
Thor West Gude Drive LLC · 4 yrs held
Thor West Gude Drive LLC
since 2022
Last sale
$14.8M
7 recorded transactions
Zoning & alternative use
MXE · Rockville, 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 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
$14,750,000
ML approach
$9,595,000
CAP Approach
CAP Return
Estimation
6%
$14,110,000
6.5%
$13,025,000
7%
$12,095,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,995,000
Current use
WAREHOUSE, STORAGE
$16,480,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$13.38M
Range $12.04M – $14.71M · ±10% · vs last sale $14.76M (Jan 14 2022)
Last sale anchor
$14.76M
Jan 14 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
$206 / 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
$91,937
Tax year 2022
Assessed value
$6,200,000
Assessed 2023
Previous assessed
$6,200,000
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$4,048,600
Assessed improvement
$2,151,400
Land market value
$4,048,600
Improvement market value
$2,151,400
Total market value
$6,200,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
64,941 SF
Lot
3.7 ac (161,172 SF)
Zoning code
MXE
APN
04-02544162
UPID
US40-0741729
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXE · Rockville, MD
Zoning MXE · permitted uses
MXE · 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
OFFICE BUILDING Current
Est. value
$20.0M
WAREHOUSE, STORAGE
Est. value
$16.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1985
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
3.7 ac
Current owner
From public records · entity-resolved
Thor West Gude Drive LLC
Entity
Free & Clear · 4 yrs held
Mailing address
25 W 39TH ST, NEW YORK, NY 10018-3805
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$14,757,331
Thor West Gude Drive LLC
Bsrep II Md Office 20w Gude LLC
Special Warranty Deed
—
Aug 29, 2018
—
Bsrep II Md Office 20w Gude Ll
—
Deed
related
$223,400,000 · Morgan Stanley Bk
Jun 16, 2017
—
Bsrep II Md Office 20w Gude Ll
—
Deed
related
$25,208,000 · Morgan Stanley Bk
Jul 13, 2016
$7,725,491
Bsrep II Md Office 20w Gude Ll
Syn-rock LLC
Grant Deed
—
Jul 13, 2016
—
Bsrep II Md Office 20 W Gude
—
Deed
related
$27,726,500 · Morgan Stanley Pvt Bk NA
—
—
Bsrep II Md Office 20 W Gude
—
Deed Of Trust
related
$27,726,500 · Morgan Stanley Pvt Bk NA
—
—
Bsrep II Md Office 20w Gude Ll
—
Loan Modification
related
$25,208,000 · Morgan Stanley 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.
Try Rey
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