New search
Property profile & analytics
FOR LEASE
Distribution centers
20 Southlawn Ct, Rockville, MD 20850
Entity Owned
~
Est. High Equity
Property ID
US40-2047719
For Lease
1 / 2
$11,250,000
20 Southlawn Ct, Rockville, MD 20850
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Construction
BRICK
Total area
48,000 SF
Lot
4.34 ac (189,206 SF)
Zoning code
I4
APN
04-03277984
UPID
US40-2047719
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
-
Interbalt Fine Wines & Spirits Brewery & Distillery Big Box & Wholesale Store
-
Tactical Airsoft Arena (Bike/Boat/Book/etc) Store
-
Fishman Flooring Solutions Big Box & Wholesale Store
-
Architessa - Pick Up Warehouse (Architectural Ceramics) Building Supply Industrial Manufacturer
-
DNS Moving Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.71M
CAP Approach
CAP
$9.37M
Comparable Approach
Comparable
$13.53M
Blend (final)
Blend
$11.25M
Owner & transaction history
Cmf Southlawn LLC
Cmf Southlawn LLC
since 2025
Last sale
$12.8M
7 recorded transactions
Zoning & alternative use
I4 · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.8M
+21.3%
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
$10,295,000
ML approach
$8,705,000
CAP Approach
CAP Return
Estimation
6%
$10,145,000
6.5%
$9,365,000
7%
$8,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,180,000
Current use
OFFICE BUILDING
$14,780,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$11.25M
Range $10.13M – $12.38M · ±10% · vs last sale $12.80M (Jul 30 2025)
Last sale anchor
$12.80M
Jul 30 2025
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
$234 / 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
$106,559
Tax year 2022
Assessed value
$7,686,900
Assessed 2023
Previous assessed
$7,124,800
+7.9% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,462,500
Assessed improvement
$6,224,400
Land market value
$1,462,500
Improvement market value
$6,224,400
Total market value
$7,686,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2001
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
48,000 SF
Lot
4.34 ac (189,206 SF)
Zoning code
I4
APN
04-03277984
UPID
US40-2047719
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
I4 · Rockville, MD
Zoning I4 · permitted uses
I4 · 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 Current
Est. value
$12.2M
OFFICE BUILDING
Est. value
$14.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2001
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
4.34 ac
Current owner
From public records · entity-resolved
Cmf Southlawn LLC
Entity
Mailing address
260 FRANKLIN ST STE #620, BOSTON, MA 02110-3180
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
$12,800,000
Cmf Southlawn LLC
Mcp IV Southlawn LLC
Special Warranty Deed
$6,595,000 · Southern Farm Bureau Life Insurance
May 31, 2022
$10,300,000
Mcp IV Southlawn LLC
Southlawn I LLC
Special Warranty Deed
$7,800,000 · Eagle Bank
Feb 5, 2001
$1,000,000
Southlawn II LLC
Ward Corp
Grant Deed
$1,000,000 · Seller
Jul 26, 2000
—
Ward Corp
—
Deed Of Trust
related
$2,100,000 · Columbia Bank
—
—
Southlawn I LLC
—
Deed Of Trust
related
$4,295,599 · Richard E Ward
—
—
Southlawn I LLC
—
Deed Of Trust
related
$4,000,000 · Miscellaneous Ins Co
—
—
Southlawn I LLC
—
Deed Of Trust
related
$5,100,000 · General Electric Capital Corp
—
—
Southlawn I LLC
—
Deed Of Trust
related
$3,300,000 · Branch Banking & Trust Co Va
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
