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Property profile & analytics
OFF-MARKET
Estimated value
$4,200,000
Office buildings
3720 Farragut Ave, Kensington, MD 20895-2110
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-0770465
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
BRICK
Total area
24,457 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CRT1.
APN
13-01024433
UPID
US40-0770465
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
-
THE HEEL PAIN CENTER OF MARYLAND - The Heel Pain Specialists Physician
-
Robert Barnett, DDS Dental Office
-
BEAUTY BROWS & CO Medical Clinic Skin Care Clinic
-
Ron Ziegel: Allstate Insurance Insurance Agency
-
Crawford Herbert L Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.41M
Blend (final)
Blend
$4.20M
Owner & transaction history
Farragut Bt LLC · 7 yrs held
Farragut Bt LLC
since 2018
7 recorded transactions
Zoning & alternative use
CRT1. · Kensington, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±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
$172 / 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
$28,230
Tax year 2022
Assessed value
$2,117,600
Assessed 2023
Previous assessed
$2,104,600
+0.6% YoY
Effective rate
1.33%
On assessed value
Land market value
$1,811,200
Improvement market value
$319,400
Total market value
$2,130,600
Applied tax rate
22.0000
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
1966
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
5
Units
1
Total area
24,457 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CRT1.
APN
13-01024433
UPID
US40-0770465
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT1. · Kensington, MD
Zoning CRT1. · permitted uses
CRT1. · 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.
Building & site characteristics
From public records
Year built
1966
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Farragut Bt LLC
Entity
Mailing address
10605 CONCORD ST STE #440, KENSINGTON, MD 20895-2502
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2018
$2,100,000
Farragut Bt LLC
Lisa Schlesinger
Special Warranty Deed
$1,785,000 · Sandy Spring Bank
Jun 1, 2017
—
Farragut Street Venture
—
Deed
related
$250,000 · Columbia Bk
Apr 28, 2017
—
Lisa L Schlesinger
Schlesinger Gilbert A Trust
Quit Claim Deed
related
—
Jan 11, 2017
—
Andrea Arnold
Arnold Marshall J Trust
Quit Claim Deed
related
—
Feb 19, 2016
—
Andrea Arnold
Arnold Marshall J Trust
Quit Claim Deed
related
—
Jul 21, 2015
—
Fernebok LLC
Fernebok Joseph Trust
Quit Claim Deed
—
Jul 6, 2005
—
Schlesinger,gilbert A Trust
Schlesinger,gilbert A
Quit Claim Deed
related
—
—
—
Arnold Marshall J Trust
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
—
—
Farragut Street Venture
—
Deed Of Trust
related
$250,000 · Columbia Bk
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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