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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Retail space
22 Baltimore Rd Rockville, MD 20850-4146
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-2071308
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
BRICK
Total area
3,719 SF
Lot
0.33 ac (14,299 SF)
Zoning code
MXCD
APN
04-03355405
UPID
US40-2071308
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
-
Magnifygen Medical Clinic Hospital
-
Insigma Inc. Corporate Office
-
Montgomery Business Development Corporation Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$2.33M
Owner & transaction history
Akvarr INC · 3 yrs held
Akvarr INC
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
MXCD · 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
$2,595,000
ML approach
$2,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,370,000
Current use
COMMERCIAL (GENERAL)
$2,185,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±10% · vs last sale $2.23M (Jun 29 2023)
Last sale anchor
$2.23M
Jun 29 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
$625 / 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
$26,323
Tax year 2022
Assessed value
$2,447,200
Assessed 2023
Previous assessed
$1,915,133
+27.8% YoY
Effective rate
1.08%
On assessed value
Assessed land
$414,300
Assessed improvement
$2,032,900
Land market value
$414,300
Improvement market value
$2,032,900
Total market value
$2,447,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
FORCED AIR
Stories
2
Units
1
Total area
3,719 SF
Lot
0.33 ac (14,299 SF)
Zoning code
MXCD
APN
04-03355405
UPID
US40-2071308
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXCD · Rockville, MD
Zoning MXCD · permitted uses
MXCD · 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
RETAIL STORES Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES Current
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
1900
Construction
BRICK
Heating
FORCED AIR
Stories
2
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Akvarr INC
Entity
Mailing address
22 BALTIMORE RD, ROCKVILLE, MD 20850-4146
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
$2,225,000
Akvarr INC
Vivos Real Estate Holdings LLC
Deed
$1,785,000 · First Citizens Bank & Trust Co
Sep 9, 2019
—
Vivos Real Estate Holdings LLC
—
Deed
related
$250,000 · Haworth INC
Apr 4, 2018
$2,502,875
Vivos Real Estate Holding LLC
22 Baltimore Road LLC
Special Warranty Deed
$1,875,000 · First Virginia Community Bank
Aug 29, 2008
$3,100,000
22 Baltimore Road LLC
Wire Historic Building LLC
Grant Deed
—
Mar 17, 2006
—
Church Street LLC
Wire Historic Building LLC
Quit Claim Deed
related
—
—
—
Vivos Real Estate Holdings LLC
—
Deed Of Trust
related
$250,000 · Haworth INC
—
—
Wure Historic Building LLC
—
Deed Of Trust
related
$310,000 · Potomac Valley Bank
—
—
Wure Historic Building LLC
—
Deed Of Trust
related
$100,000 · David F & Linda S Manning
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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