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Property profile & analytics
OFF-MARKET
Estimated value
$18,475,000
Apartment buildings
438 College Pkwy Rockville, MD 20850-1126
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US40-0445490
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1967
Total area
153,536 SF
Lot
8.51 ac (370,696 SF)
Zoning code
R30
APN
04-00239013
UPID
US40-0445490
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
-
Scarborough Square Apartment Complex Apartment Building
-
SCARBOROUGH Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.13M
Blend (final)
Blend
$18.48M
Owner & transaction history
Rhe Scarborough Square LLC · 3 yrs held
Rhe Scarborough Square LLC
since 2023
4 recorded transactions
Zoning & alternative use
R30 · 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
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
$18.48M
Range $16.63M – $20.32M · ±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
$120 / 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
$413,770
Tax year 2022
Assessed value
$31,526,800
Assessed 2023
Previous assessed
$31,526,800
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$2,864,700
Assessed improvement
$28,662,100
Land market value
$2,864,700
Improvement market value
$28,662,100
Total market value
$31,526,800
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1967
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Units
121
Total area
153,536 SF
Lot
8.51 ac (370,696 SF)
Zoning code
R30
APN
04-00239013
UPID
US40-0445490
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R30 · Rockville, MD
Zoning R30 · permitted uses
R30 · 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.
Building & site characteristics
From public records
Year built
1967
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
121
Lot
8.51 ac
Current owner
From public records · entity-resolved
Rhe Scarborough Square LLC
Entity
Mailing address
1300 PICCARD DR, ROCKVILLE, MD 20850-4303
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2023
—
Rhe Scarborough Square LLC
Scarborough Square LLC
Correction Deed
related
$33,000,000 · Orlo Scarborough Investors LLC
Nov 17, 2022
$40,000,000
Rhe Scarborough Square LLC
Scarborough LLC
Special Warranty Deed
$44,000,000 · Montgomery County
Feb 18, 2016
—
Scg Atlas Scarborough LLC
Scarborough Associates LLC
Deed
—
—
—
Scarborough Associates
—
Deed Of Trust
related
$150,000 · Berkshire Mortgage Finance Co
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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