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Property profile & analytics
OFF-MARKET
Estimated value
$108,615,000
Apartment buildings
4615 Park Ave Chevy Chase, MD 20815-4509
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0697903
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1973
Total area
352,460 SF
Lot
1.06 ac (46,354 SF)
Zoning code
CR3.0
APN
07-00493972
UPID
US40-0697903
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
$89.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$108.62M
Owner & transaction history
North Park Avenue LLC · 4 yrs held
North Park Avenue LLC
since 2021
Last sale
$110.0M
6 recorded transactions
Zoning & alternative use
CR3.0 · Chevy Chase, 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 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
$124,925,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$96,990,000
6.5%
$89,530,000
7%
$83,135,000
Blend value · Realmo final
$108.62M
Range $97.75M – $119.48M · ±10% · vs last sale $110.00M (Oct 21 2021)
Last sale anchor
$110.00M
Oct 21 2021
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
$308 / 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
$997,190
Tax year 2022
Assessed value
$93,533,567
Assessed 2023
Previous assessed
$93,533,567
+0.0% YoY
Effective rate
1.07%
On assessed value
Land market value
$16,826,500
Improvement market value
$90,566,000
Total market value
$107,392,500
Applied tax rate
1.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1973
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
15
Units
310
Total area
352,460 SF
Lot
1.06 ac (46,354 SF)
Zoning code
CR3.0
APN
07-00493972
UPID
US40-0697903
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR3.0 · Chevy Chase, MD
Zoning CR3.0 · permitted uses
CR3.0 · 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.
Building & site characteristics
From public records
Year built
1973
Heating
HOT WATER
Cooling
Yes
Stories
15
Units
310
Lot
1.06 ac
Current owner
From public records · entity-resolved
North Park Avenue LLC
Entity
Mailing address
4582 S ULSTER ST STE #1700, DENVER, CO 80237-2641
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2021
$110,000,000
North Park Avenue LLC
High Street Associates LP
Special Warranty Deed
—
Apr 30, 2009
—
High Street Associates
—
Deed Of Trust
related
$52,000,000 · Private Lender
—
—
High Street Associates LP
—
Deed Of Trust
related
$80,000,000 · Walker & Dunlop
—
—
High Street Associates
—
Deed Of Trust
related
$52,000,000 · Private Lender
—
—
High Street Associates LP
—
Deed Of Trust
related
$35,000,000 · Green Park Financial LP
—
—
High Street Associates LP
—
Deed Of Trust
related
$7,500,000 · Green Park Financial LP
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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