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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Office Spaces
3200 Tower Oaks Blvd 2A, Rockville, MD 20852-4216
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0504826
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
2,357 SF
Lot
1 ac (43,560 SF)
Zoning code
I3
APN
04-03520606
UPID
US40-0504826
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
-
Colleen Cummings Physician Medical Clinic
-
Jack Boling Physician
-
Amy Green-Simms Ophthalmologist
-
MOHSIN SHEIKH Physician
-
Manley Joseph L MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
$475k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
Gtgg III Tower Oaks LLC · 4 yrs held
Gtgg III Tower Oaks LLC
since 2021
Last sale
$766,025
3 recorded transactions
Zoning & alternative use
I3 · 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
$870,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$475,000
7%
$440,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$910,000
Current use
COMMERCIAL (GENERAL)
$835,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $766k (Oct 8 2021)
Last sale anchor
$766k
Oct 8 2021
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
$327 / 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
$11,870
Tax year 2022
Assessed value
$758,900
Assessed 2023
Previous assessed
$902,700
-15.9% YoY
Effective rate
1.56%
On assessed value
Assessed land
$227,600
Assessed improvement
$531,300
Land market value
$227,600
Improvement market value
$531,300
Total market value
$758,900
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Units
1
Total area
2,357 SF
Lot
1 ac (43,560 SF)
Zoning code
I3
APN
04-03520606
UPID
US40-0504826
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
I3 · Rockville, MD
Zoning I3 · permitted uses
I3 · 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
OFFICE BUILDING Current
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$835,000
OFFICE BUILDING 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
Heating
NONE
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Gtgg III Tower Oaks LLC
Entity
Mailing address
3200 TOWER OAKS BLVD #300, ROCKVILLE, MD 20852-4216
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 8, 2021
$766,025
Gtgg III Tower Oaks LLC
The Transportation Alliance INC
Special Warranty Deed
$612,800 · Eagle Bank
Sep 21, 2007
$985,000
Limousine Taxicab
Dhara Holdings LLC
Grant Deed
—
Mar 16, 2006
$808,125
Dhara Holdings LLC
3200 LLC
Grant Deed
related
$714,000 · Sovereign 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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