4600 Park Avepn Chevy Chase, MD 20815-4518
Entity Owned
9-yr Hold
~
Est. High Equity
Estimated value (blended)
$695k
Range $626k – $765k (±10%)
Implied cap rate
8.10%
In-place · NOI ÷ last sale
Property ID
US40-0697672
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Total area
2,721 SF
Lot
0.04 ac (1,600 SF)
Zoning code
CBD1
APN
07-02903835
UPID
US40-0697672
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
since 2017
4 recorded transactions
Zoning & alternative use
CBD1 · Chevy Chase, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$695k
Value range
$626k – $765k
±10% around blend
Estimated value / SF
$255 / SF
Confidence
High
10 county-verified comps
Property data
63
Market benchmarks
67
Comparable evidence
100
$626k
blend $695k
$765k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,721 SF
Lot area
0.04 ac
APN
07-02903835
Assessed value
$1,360,500
Annual tax
$16,278
3
Income approach: direct capitalization
Partial preview
Income approach indication
$565k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$610k
@ 6.5% CAP return
$565k
@ 7% CAP return
$525k
4
Sales comparison
Partial preview
Sales approach indication
$926k
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.0 mi away · 2,828 SF
4.1 mi away · 2,652 SF
4.2 mi away · 3,473 SF
4.4 mi away · 1,986 SF
6.6 mi away · 2,808 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$695k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 29 sales
$737
-65%
County 476 sales
$349
-27%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $255/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
8.10%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.10%
9.0%
NOI (est.)
$95k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.18M
Move the market yield to see immediate price impact.
Value / SF
$432
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.60%8.10%8.60%
$86k
$1.13M
$1.06M
$997k
$95k
$1.25M
$1.18M
$1.11M
$105k
$1.38M
$1.29M
$1.22M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$1.00M
3.9 mi · May 2026 · $349/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$16,278
Tax year 2022
Assessed value
$1,360,500
Assessed 2023
Previous assessed
$1,401,300
-2.9% YoY
Effective rate
1.20%
On assessed value
Assessed land
$408,100
Assessed improvement
$952,400
Land market value
$408,100
Improvement market value
$952,400
Total market value
$1,360,500
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Heating
NONE
Units
1
Total area
2,721 SF
Lot
0.04 ac (1,600 SF)
Zoning code
CBD1
APN
07-02903835
UPID
US40-0697672
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CBD1 · Chevy Chase, MDZoning CBD1 · permitted uses
CBD1 · Chevy Chase, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CBD1
Jurisdiction
Chevy Chase, MD
Recorded code
CBD1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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