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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office Spaces
3717 Decatur Ave Ste 4, Kensington, MD 20895-2148
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1001148
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
2,031 SF
Lot
0.08 ac (3,625 SF)
Zoning code
CT
APN
13-02921435
UPID
US40-1001148
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
$405k
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$620k
Owner & transaction history
International Medicine Holdings III · 2 yrs held
International Medicine Holdings III
since 2023
Last sale
$612,174
7 recorded transactions
Zoning & alternative use
CT · Kensington, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$710,000
+10.2%
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 Kensington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kensington 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
$715,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
$440,000
6.5%
$405,000
7%
$380,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$645,000
Current use
COMMERCIAL (GENERAL)
$710,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$635,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $612k (Aug 21 2023)
Last sale anchor
$612k
Aug 21 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
$305 / 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
$4,739
Tax year 2022
Assessed value
$406,200
Assessed 2023
Previous assessed
$406,200
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$121,800
Assessed improvement
$284,400
Land market value
$121,800
Improvement market value
$284,400
Total market value
$406,200
Applied tax rate
38.0000
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
2,031 SF
Lot
0.08 ac (3,625 SF)
Zoning code
CT
APN
13-02921435
UPID
US40-1001148
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CT · Kensington, MD
Zoning CT · permitted uses
CT · Kensington, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kensington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$635,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
0.08 ac
Current owner
From public records · entity-resolved
International Medicine Holdings III
Entity
Mailing address
3713 DECATUR AVE, KENSINGTON, MD 20895-2105
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
—
International Medicine Holdings I L
—
Deed
related
$6,539,147 · Trustar Bank
Mar 3, 2025
—
International Medicine Holdings I L
—
Deed
related
$6,539,147 · Trustar Bank
Aug 21, 2023
$612,174
International Medicine Holdings III
Paternal Properties LLC
Deed
$106,000 · Gene Mirkin
Aug 9, 2023
$1,120,000
International Medicine Holdings II
Constantinides LLC
Deed
$3,218,889 · Truist Bank
Aug 9, 2023
$3,600,000
International Medicine Holdings 1 L
Mirkin Professional Building LLC
Deed
$896,000 · Truist Bank
Jun 29, 2016
—
Constantinides LLC
Constantinides,perry
Quit Claim Deed
related
—
May 24, 2016
—
Perry Constantinides
Constantinides S Trust
Quit Claim Deed
related
—
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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