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Property profile & analytics
OFF-MARKET
Estimated value
$2,875,000
Office buildings
23680 3rd Notch Rd, Hollywood, MD 20636-3085
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1079678
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
WOOD
Total area
9,280 SF
Lot
1.64 ac (71,438 SF)
Zoning code
RPD
APN
06-060498
UPID
US40-1079678
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
-
Consulting Ophthalmologists, LLC Ophthalmologist
-
Marcel Brooks Optometry Physician
-
Edward Jones - Financial Advisor: David M Smith Financial Advisor
-
Crossroads Creative Counseling Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$2.88M
Owner & transaction history
Greenland Gardens LLC · 3 yrs held
Greenland Gardens LLC
since 2023
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
RPD · Hollywood, 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 Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hollywood 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
$2,495,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,520,000
6.5%
$2,325,000
7%
$2,160,000
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±10% · vs last sale $2.90M (Mar 30 2023)
Last sale anchor
$2.90M
Mar 30 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
$310 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$22,920
Tax year 2023
Assessed value
$2,174,967
Assessed 2023
Previous assessed
$2,160,500
+0.7% YoY
Effective rate
1.05%
On assessed value
Land market value
$453,800
Improvement market value
$1,750,100
Total market value
$2,203,900
Applied tax rate
6.0000
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
2007
Construction
WOOD
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
2
Units
2
Bathrooms
1
Total area
9,280 SF
Lot
1.64 ac (71,438 SF)
Zoning code
RPD
APN
06-060498
UPID
US40-1079678
Jurisdiction
ST MARY'S
Zoning & alternative use
RPD · Hollywood, MD
Zoning RPD · permitted uses
RPD · Hollywood, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hollywood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Units
2
Bathrooms
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Greenland Gardens LLC
Entity
Mailing address
PO BOX 459, LEONARDTOWN, MD 20650-0459
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
$2,900,000
Greenland Gardens LLC
Big D & H LLC
Deed
$2,320,000 · Big D & H LLC
Mar 20, 2019
—
Big D & H LLC
—
Deed
related
$602,766 · Sandy Spring Bk
May 11, 2006
—
Big D & H LLC
Big D & H Ptshp
Quit Claim Deed
related
—
—
—
Big D & H LLC
—
Loan Modification
related
$602,766 · Sandy Spring Bk
—
—
Big D & H LLC
—
Deed Of Trust
related
$2,300,000 · Mercantile Southern Md Bank
—
—
Vail Rugby LLC
—
Deed Of Trust
related
$175,000 · Sandy Spring Bk
—
—
Big D & H LLC
—
Deed Of Trust
related
$250,000 · Mercantile Southern Md Bank
—
—
Big D & H LLC
—
Deed Of Trust
related
$141,690 · Pnc Bank
—
—
Big D & H LLC
—
Deed Of Trust
related
$214,340 · Dorsey Philip H III Trust
—
—
Big D & H LLC
—
Deed Of Trust
related
$2,300,000 · Pnc Bank
—
—
Big D & H LLC
—
Deed Of Trust
related
$141,690 · Pnc Bank
—
—
Big D & H LLC
—
Deed Of Trust
related
$100,000 · Orie P Beasley
—
—
Big D & H LLC
—
Deed Of Trust
related
$2,300,000 · Pnc Bank
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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