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Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Warehouses
255 Stonestreet Ave, Rockville, MD 20850-1654
Individually Owned
1-yr Hold
Free & Clear
Property ID
US40-1294807
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Construction
BRICK
Total area
7,426 SF
Lot
0.49 ac (21,376 SF)
Zoning code
MXB
APN
04-00148431
UPID
US40-1294807
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
-
People Encouraging People Crisis Center Medical Clinic
-
Liberty Construction: Dental & Medical Fit Outs Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.11M
Owner & transaction history
Council Of Rockville · 1 yrs held
Council Of Rockville
since 2025
5 recorded transactions
Zoning & alternative use
MXB · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+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
$2,150,000
ML approach
$2,045,000
CAP Approach
CAP Return
Estimation
6%
$1,570,000
6.5%
$1,450,000
7%
$1,345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,885,000
Current use
OFFICE BUILDING
$2,285,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$2.11M
Range $1.90M – $2.32M · ±10%
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
$284 / 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
$17,913
Tax year 2022
Assessed value
$1,214,700
Assessed 2023
Previous assessed
$1,190,433
+2.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$536,900
Assessed improvement
$677,800
Land market value
$536,900
Improvement market value
$677,800
Total market value
$1,214,700
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
1963
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Total area
7,426 SF
Lot
0.49 ac (21,376 SF)
Zoning code
MXB
APN
04-00148431
UPID
US40-1294807
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXB · Rockville, MD
Zoning MXB · permitted uses
MXB · 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
$1.9M
OFFICE BUILDING
Est. value
$2.3M
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
1963
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Council Of Rockville
Individual
Free & Clear · 1 yrs held
Mailing address
12719 RIV RD, POTOMAC, MD 20854-1138
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
Council Of Rockville
Sanati Properties LLC
Deed
—
Sep 15, 2022
$2,150,000
Sanati Properties LLC
Vanessa Lynn Strunk
Special Warranty Deed
$1,768,000 · First Citizens Bank & Trust Co
Jun 4, 2012
—
Strunk Frank C Living Trust
Strunk,frank C
Quit Claim Deed
related
—
—
—
Frank C Strunk
—
Deed Of Trust
related
$540,000 · Sandy Spring National Bank Md
—
—
Strunk Frank C Living Trust
—
Deed Of Trust
related
$540,000 · Sandy Spring 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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