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Property profile & analytics
OFF-MARKET
Estimated value
$71,505,000
Office buildings
4609 Elm St Chevy Chase, MD 20815
Individually Owned
11-yr Hold
Free & Clear
Property ID
US40-0839127
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
BRICK
Total area
242,580 SF
Lot
0.12 ac (5,307 SF)
Zoning code
CR5.0
APN
07-01990448
UPID
US40-0839127
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$97.85M
Blend (final)
Blend
$71.51M
Owner & transaction history
Bethesda Crossing Ew Acquisiti · 11 yrs held
Bethesda Crossing Ew Acquisiti
since 2015
5 recorded transactions
Zoning & alternative use
CR5.0 · Chevy Chase, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$115.6M
+16.2%
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 Chevy Chase submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chevy Chase 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$99,470,000
Current use
INDUSTRIAL (GENERAL)
$115,585,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$71.51M
Range $64.35M – $78.66M · ±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
$295 / 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
$987,081
Tax year 2022
Assessed value
$70,371,100
Assessed 2023
Previous assessed
$84,832,400
-17.0% YoY
Effective rate
1.40%
On assessed value
Land market value
$2,802,000
Improvement market value
$80,558,500
Total market value
$83,360,500
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
Off-Market
Year built
1971
Construction
BRICK
Heating
YES
Cooling
YES
Stories
13
Units
1
Total area
242,580 SF
Lot
0.12 ac (5,307 SF)
Zoning code
CR5.0
APN
07-01990448
UPID
US40-0839127
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR5.0 · Chevy Chase, MD
Zoning CR5.0 · permitted uses
CR5.0 · Chevy Chase, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chevy Chase. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$99.5M
INDUSTRIAL (GENERAL)
Est. value
$115.6M
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
1971
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
13
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Bethesda Crossing Ew Acquisiti
Individual
Free & Clear · 11 yrs held
Mailing address
7315 WISCONSIN AVE, BETHESDA, MD 20814-3202
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2015
$145,837,731
Bethesda Crossing Ew Acquisiti
Rp Mrp Air Rights Ew LLC
Grant Deed
—
Feb 5, 2013
—
Rp Mrp Air Rights LLC
—
Deed Of Trust
related
$150,000,000 · Rockpoint Fund IV Acquisition
Jan 17, 2013
$205,000,000
Rp Mrp Air Rights Ew LLC
Bethesda Arc LLC
Grant Deed
—
May 14, 2002
$140,690
Bethesda Arc LLC
Lowe Northwest Investor Proper
Grant Deed
—
Nov 25, 1997
$96,150
Lowe Northwest Inv Prop I LLC
Nylife,funding I
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.
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