Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    299 Hurley Ave Rockville, MD 20850-3118
    Property profile & analytics

    299 Hurley Ave, Rockville, MD 20850-3118

    View on Map
    • Assisted living facilities
    • 43,682 SF
    • 4.77 lot acres
    Off-Market
    Property ID
    US40-1190002
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Collingswood Rehabilitation & Healthcare Center / Nursing Home
    • Advanced Dialysis Center / Medical Clinic
    • Ramani Nokku / Medical Clinic

    Property Details for 299 Hurley Ave

    Year built
    1972
    Construction
    BRICK
    Lot size
    4.77 lot acres
    Zone code
    R90
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    04-00147722
    APU
    400147722

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 8, 2024 — Collingswood Operator LLC — Deed · related $27M · M & T Bank
    May 16, 2019 $17,505,700 Collingswood Property LLC Collingswood Nursing Facilities INC Special Warranty Deed —
    — — Collingswood Nursing — Deed Of Trust · related $483k · Wells Fargo Bank
    — — Collingswood Nursing Facilitie — Deed Of Trust · related $12M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $6,860,000
      Current use
      RESTAURANT
      $9,060,000
      Change: +32% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.18
    Latitude
    39.0885
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $207,706
    $1,506,400
    $13,934,300
    $15,440,700
    -
    $1,506,400
    $13,934,300
    $15,440,700

    Comparable in this City

    • Value Estimation
      $4,670,000
      41,589 SF

      303 Adclare Rd

      HOMES (RETIRED, NURSING)
      303 Adclare Rd, Rockville, MD 20850-3825
      View Details
    • Value Estimation by Request
      2,357 SF

      150 Maryland Ave

      HOMES (RETIRED, NURSING)
      150 Maryland Ave, Rockville, MD 20850-2325
      View Details
    • Value Estimation
      $5,125,000
      51,632 SF

      8 Baltimore Rd

      HOMES (RETIRED, NURSING)
      8 Baltimore Rd, Rockville, MD 20850-4604
      View Details
    • Value Estimation
      $6,185,000
      62,901 SF

      9200 Darnestown Rd

      HOMES (RETIRED, NURSING)
      9200 Darnestown Rd, Rockville, MD 20850-3107
      View Details
    • Value Estimation
      $6,340,000
      52,832 SF

      1235 Potomac Vly Rd

      HOMES (RETIRED, NURSING)
      1235 Potomac Vly Rd, Rockville, MD 20850-2757
      View Details
    • Value Estimation
      $7,170,000
      52,832 SF

      1235 Potomac Vly Rd

      HOMES (RETIRED, NURSING)
      1235 Potomac Vly Rd, Rockville, MD 20850-2757
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,415 SF

      Rockville Healthcare Asset For Sale

      Purpose-built healthcare asset in Rockville, Maryland, leased to behavioral health provider.
      10107 Darnestown Rd, Rockville, MD 20850
      View Details
    • $195,000

      Commercial Townhouse on Hungerford Drive

      Commercial townhouse ideal for professionals with ample parking.
      932 Hungerford Dr, Rockville, MD 20850
      View Details
    • New
      $790,000
      1.61 Acres

      Residential Land in Glen Hills

      1.61-acre lot with utilities in place, ready to build.
      13101 Valley Dr, Rockville, MD 20850
      View Details
    • $150,000

      Rockville Grocery Store Business Opportunity

      Indian and Pakistani grocery store business for sale in Rockville.
      15110 Frederick Rd, Rockville, MD 20850
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,717 SF

      Retail Space in Rockville

      Retail property available for lease in Rockville, Maryland.
      14925 Shady Grove Rd, Rockville, MD 20850
      View Details
    • Contact for pricing
      41,142 SF

      Shady Grove Office Space

      Office space in Shady Grove's life science hub.
      1500 Research Blvd, Rockville, MD 20850
      View Details
    • Contact for pricing
      100 SF

      Rockville Flex / Industrial Space

      Flex / Industrial space available for rent in Rockville, MD.
      4 Research Ct, Rockville, MD 20850
      View Details
    • Contact for pricing
      3,000 SF

      Rockville Office Space Portfolio

      582,000 SF office portfolio near Rockville and Shady Grove Metrorail.
      9201 Corporate Blvd, Rockville, MD 20850
      View Details
    • Contact for pricing
      26,478 SF

      Office Space in Mixed-Use Community

      Office space available in Rockville, MD, mixed-use community.
      702 King Farm Blvd, Rockville, MD 20850
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    299 Hurley Ave
    Rockville, MD 20850-3118
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    299 Hurley Ave, Rockville, MD, 20850
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!