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Property profile & analytics
OFF-MARKET
Estimated value
$52,265,000
Office buildings
45 Gude Dr Rockville, MD 20850-1293
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1584605
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
238,950 SF
Lot
9.03 ac (393,347 SF)
Zoning code
MXE
APN
04-03841247
UPID
US40-1584605
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
-
MCPS Employee and Retiree Service Center Association / Organization
-
Montgomery County Public Schools School District Office Corporate Office
-
MCPS Employee Assistance Program School District Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$47.92M
Comparable Approach
Comparable
$48.34M
Blend (final)
Blend
$52.27M
Owner & transaction history
Rockville Md II Sgf LLC · 4 yrs held
Rockville Md II Sgf LLC
since 2022
Last sale
$66.0M
4 recorded transactions
Zoning & alternative use
MXE · 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
$65,965,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$51,915,000
6.5%
$47,920,000
7%
$44,500,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$73,570,000
Current use
WAREHOUSE, STORAGE
$60,640,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$52.27M
Range $47.04M – $57.49M · ±10% · vs last sale $66.00M (Apr 7 2022)
Last sale anchor
$66.00M
Apr 7 2022
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
$219 / 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
$545,662
Tax year 2022
Assessed value
$40,037,100
Assessed 2023
Previous assessed
$40,037,100
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$9,890,000
Assessed improvement
$30,147,100
Land market value
$9,890,000
Improvement market value
$30,147,100
Total market value
$40,037,100
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
4
Units
1
Total area
238,950 SF
Lot
9.03 ac (393,347 SF)
Zoning code
MXE
APN
04-03841247
UPID
US40-1584605
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXE · Rockville, MD
Zoning MXE · permitted uses
MXE · 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
$73.6M
WAREHOUSE, STORAGE
Est. value
$60.6M
OFFICE BUILDING Current
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
Year built
1986
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
1
Lot
9.03 ac
Current owner
From public records · entity-resolved
Rockville Md II Sgf LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 N WACKER DR STE #4025, CHICAGO, IL 60606-2844
Ownership since
2022
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
Apr 7, 2022
$66,000,000
Rockville Md II Sgf LLC
Rcc 1545 LLC
Special Warranty Deed
—
May 10, 2012
$550,000
Rcc Lot 1-c LLC
Rockville Corporate Center LLC
Grant Deed
—
Apr 19, 2005
$43,300,000
Rockville Corporate Center LLC
Applera Corp
Grant Deed
—
Jul 30, 2004
—
Applera Corp
Pe Corp Ny
Grant 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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