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Property profile & analytics
FOR LEASE
Office buildings
21 Church St Rockville, MD 20850
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-1739682
For Lease
1 / 2
$28 SF/Yr
21 Church St, Rockville, MD 20850
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
93,450 SF
Lot
0.83 ac (35,945 SF)
Zoning code
MXTD
APN
04-03355416
UPID
US40-1739682
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
-
Epiq Law Firm
-
Loc-430-21 Church St. Parking Lot & Garage
-
Gapbuster, Inc. Training Center Tutoring Service
-
Merrill Court Reporting Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$6.36M
Owner & transaction history
21 Church LLC · 2 yrs held
21 Church LLC
since 2023
Last sale
$6.0M
3 recorded transactions
Zoning & alternative use
MXTD · 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
$6,995,000
ML approach
$8,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.36M
Range $5.72M – $6.99M · ±10% · vs last sale $6.00M (Oct 11 2023)
Last sale anchor
$6.00M
Oct 11 2023
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
$68 / 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
$130,554
Tax year 2022
Assessed value
$9,500,000
Assessed 2023
Previous assessed
$9,500,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$2,777,800
Assessed improvement
$6,722,200
Land market value
$2,777,800
Improvement market value
$6,722,200
Total market value
$9,500,000
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
For Lease
Year built
2007
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
6
Units
1
Total area
93,450 SF
Lot
0.83 ac (35,945 SF)
Zoning code
MXTD
APN
04-03355416
UPID
US40-1739682
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXTD · Rockville, MD
Zoning MXTD · permitted uses
MXTD · 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.
Building & site characteristics
From public records
Year built
2007
Heating
HOT WATER
Cooling
Yes
Stories
6
Units
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
21 Church LLC
Entity
Free & Clear · 2 yrs held
Mailing address
444 PARK CRK RD, PASADENA, MD 21122-5312
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
$6,000,000
21 Church LLC
21 Church Street R LLC
Special Warranty Deed
—
Jan 24, 2019
$188,575,270
21 Church Street R LLC
Church Street LLC
Grant Deed
—
—
—
Church Street LLC
—
Deed Of Trust
related
$24,200,000 · Hartford Life & Annuity Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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