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Property profile & analytics
OFF-MARKET
Estimated value
$6,900,000
Warehouses
202 Mason Dr, Rockville, MD 20850-1453
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1123364
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
BRICK
Total area
29,450 SF
Lot
1.33 ac (57,793 SF)
Zoning code
I1
APN
04-02877280
UPID
US40-1123364
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
-
Tesla Collision Rockville Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.79M
CAP Approach
CAP
$5.75M
Comparable Approach
Comparable
$5.40M
Blend (final)
Blend
$6.90M
Owner & transaction history
Hrc Mason LLC · 5 yrs held
Hrc Mason LLC
since 2021
Last sale
$6.9M
4 recorded transactions
Zoning & alternative use
I1 · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.1M
+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
$7,780,000
ML approach
$8,790,000
CAP Approach
CAP Return
Estimation
6%
$6,225,000
6.5%
$5,745,000
7%
$5,335,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,475,000
Current use
OFFICE BUILDING
$9,065,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$6.90M
Range $6.21M – $7.59M · ±10% · vs last sale $6.85M (Feb 12 2021)
Last sale anchor
$6.85M
Feb 12 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
$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
$44,499
Tax year 2022
Assessed value
$3,066,700
Assessed 2023
Previous assessed
$2,740,567
+11.9% YoY
Effective rate
1.45%
On assessed value
Assessed land
$586,000
Assessed improvement
$2,480,700
Land market value
$586,000
Improvement market value
$2,480,700
Total market value
$3,066,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
29,450 SF
Lot
1.33 ac (57,793 SF)
Zoning code
I1
APN
04-02877280
UPID
US40-1123364
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
I1 · Rockville, MD
Zoning I1 · permitted uses
I1 · 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
$7.5M
OFFICE BUILDING
Est. value
$9.1M
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
1991
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Hrc Mason LLC
Entity
Mailing address
529 KEALALOA AVE, MAKAWAO, HI 96768-9055
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2021
$6,850,000
Hrc Mason LLC
Mfs Southlawn LLC
Special Warranty Deed
$6,850,000 · Haleakala Ranch Company
Sep 18, 2017
$8,600,000
Mfs Southlawn LLC
Jb & Company
Special Warranty Deed
—
—
—
Jb & Co
—
Deed Of Trust
related
$2,200,000 · Suntrust Bk
—
—
Jb & Co
—
Deed Of Trust
related
$2,200,000 · Suntrust Bank NA
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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