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Property profile & analytics
FOR LEASE
Office buildings
4550 Montgomery Ave Bethesda, MD 20814
Individually Owned
6-yr Hold
Free & Clear
Property ID
US40-1509016
For Lease
$8,855,000
4550 Montgomery Ave, Bethesda, MD 20814
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
BRICK
Total area
27,898 SF
Lot
2.51 ac (109,469 SF)
Zoning code
CBD2
APN
07-03601053
UPID
US40-1509016
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
-
Edward Jones - Financial Advisor: Robert Keller, AAMS™ Financial Advisor
-
Weaver Bros. Insurance Associates Insurance Agency
-
Play Octopus (Bike/Boat/Book/etc) Store Corporate Office
-
Mytonomy (Bike/Boat/Book/etc) Store Corporate Office
-
Leone Joe L - West & Fineberg Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.86M
Owner & transaction history
Maryland Transit Admn · 6 yrs held
Maryland Transit Admn
since 2020
Last sale
$7.7M
3 recorded transactions
Zoning & alternative use
CBD2 · Bethesda, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$13.3M
+14.5%
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 Bethesda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethesda 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
$10,735,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,060,000
6.5%
$5,595,000
7%
$5,195,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,615,000
Current use
INDUSTRIAL (GENERAL)
$13,295,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$8.86M
Range $7.97M – $9.74M · ±10% · vs last sale $7.69M (Mar 19 2020)
Last sale anchor
$7.69M
Mar 19 2020
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
$317 / 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
$1,100,550
Tax year 2022
Assessed value
$85,304,000
Assessed 2023
Previous assessed
$96,084,100
-11.2% YoY
Effective rate
1.29%
On assessed value
Land market value
$17,339,800
Improvement market value
$78,572,200
Total market value
$95,912,000
Applied tax rate
76.0000
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
For Lease
Year built
1980
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
27,898 SF
Lot
2.51 ac (109,469 SF)
Zoning code
CBD2
APN
07-03601053
UPID
US40-1509016
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CBD2 · Bethesda, MD
Zoning CBD2 · permitted uses
CBD2 · Bethesda, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethesda. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.6M
INDUSTRIAL (GENERAL)
Est. value
$13.3M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
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
1980
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
2.51 ac
Current owner
From public records · entity-resolved
Maryland Transit Admn
Individual
Free & Clear · 6 yrs held
Mailing address
3050 K ST NW STE #125, WASHINGTON, DC 20007-5122
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2020
$7,688,655
Maryland Transit Admn
Montgomery Tower Owner LLC
Grant Deed
—
Oct 17, 2017
$139,800,000
Montgomery Towr Owner LLC
Rp Mrp Air Rights LLC
Special Warranty Deed
—
Jan 17, 2013
$205,000,000
Rp Mrp Air Rights LLC
Bethesda Arc LLC
Grant Deed
—
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?”
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