New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,080,000
Office buildings
451 Hungerford Dr Rockville, MD 20850-4151
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1487301
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
BRICK
Total area
101,021 SF
Lot
3.12 ac (136,066 SF)
Zoning code
MXCD
APN
04-01839664
UPID
US40-1487301
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
-
Miyamoto Glenn DDS Dental Office
-
United Diamonds Inc Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
The Duke of Gems Big Box & Wholesale Store
-
CENTER OF MISSION AND EVANGELIZATION Church
-
Pixces Energy Corporation (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.74M
Blend (final)
Blend
$11.08M
Owner & transaction history
State Highway Administration · 2 yrs held
State Highway Administration
since 2024
Last sale
$47,075
7 recorded transactions
Zoning & alternative use
MXCD · 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
$11.08M
Range $9.97M – $12.19M · ±10% · vs last sale $47k (Mar 14 2024)
Last sale anchor
$47k
Mar 14 2024
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
$110 / 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
$238,379
Tax year 2022
Assessed value
$18,085,600
Assessed 2023
Previous assessed
$17,359,700
+4.2% YoY
Effective rate
1.32%
On assessed value
Assessed land
$5,257,500
Assessed improvement
$12,828,100
Land market value
$5,257,500
Improvement market value
$12,828,100
Total market value
$18,085,600
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
1980
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
7
Units
1
Total area
101,021 SF
Lot
3.12 ac (136,066 SF)
Zoning code
MXCD
APN
04-01839664
UPID
US40-1487301
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXCD · Rockville, MD
Zoning MXCD · permitted uses
MXCD · 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
1980
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
7
Units
1
Lot
3.12 ac
Current owner
From public records · entity-resolved
State Highway Administration
Individual
Mailing address
451 N HUNGERFORD DR STE #700, ROCKVILLE, MD 20850-5121
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
$47,075
State Highway Administration
Pd 451 Hungerford LLC
Deed
—
May 18, 2020
—
Pd 451 Hungerford LLC
—
Deed
related
$15,250,000 · Sandy Spring Bank
May 4, 2020
—
Pd 451 Hungerford LLC
Pd 451 Hungerford LLC
Correction Deed
related
—
Jan 10, 2018
—
369 LLC
—
Deed
related
$2,003,000 · Revere Bk
May 9, 2017
$1,450,000
369 LLC
W Kent Brideell
Special Warranty Deed
$11,362,500 · Revere Bank
—
—
Exchange Joint Venture
—
Deed Of Trust
related
$4,368,000 · Sandy Spring Bank
—
—
Steven E Anderson
—
Deed Of Trust
related
$3,000,000 · Sandy Spring Bank
—
—
369 LLC
—
Deed Of Trust
related
$2,003,000 · Revere 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 451 Hungerford Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
