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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Strip malls
5000 Nicholson Ct, Kensington, MD 20895-1047
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1430774
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1972
Construction
BRICK
Total area
44,224 SF
Lot
4.61 ac (200,790 SF)
Zoning code
IL1.0
APN
04-00054445
UPID
US40-1430774
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
-
Paw by Paw Dog Training Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$1.94M
Owner & transaction history
5020 Nicholson Court LLC · 9 yrs held
5020 Nicholson Court LLC
since 2017
7 recorded transactions
Zoning & alternative use
IL1.0 · Kensington, 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 Kensington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kensington 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
$1,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,725,000
Current use
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±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
$44 / 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
$236,445
Tax year 2022
Assessed value
$17,345,000
Assessed 2023
Previous assessed
$17,328,200
+0.1% YoY
Effective rate
1.36%
On assessed value
Assessed land
$3,104,200
Assessed improvement
$14,240,800
Land market value
$3,104,200
Improvement market value
$14,240,800
Total market value
$17,345,000
Applied tax rate
65.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1972
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
44,224 SF
Lot
4.61 ac (200,790 SF)
Zoning code
IL1.0
APN
04-00054445
UPID
US40-1430774
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IL1.0 · Kensington, MD
Zoning IL1.0 · permitted uses
IL1.0 · Kensington, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kensington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1972
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
4.61 ac
Current owner
From public records · entity-resolved
5020 Nicholson Court LLC
Entity
Mailing address
4405 EW HWY, BETHESDA, MD 20814-4522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2017
$2,500,000
5020 Nicholson Court LLC
The John A Quinn Foundation Incorpo
Special Warranty Deed
$1,935,190 · Eagle Bank
Mar 15, 2017
—
K & G Ents LLC
—
Deed
related
$7,450,000 · Miscellaneous Ins Co
Nov 6, 2008
$5,600
Montgomery Cnty
K & G Ents LLC
Grant Deed
—
Jun 7, 1999
—
K & G Enterprises LLC
K & G Enterprises LP
Quit Claim Deed
related
$6,900,000 · Skymar Capital Corp
—
—
W Gp
—
Deed Of Trust
related
$100,000 · Harris Trust Bank Of Arizona
—
—
K & G Ents LLC
—
Deed Of Trust
related
$7,450,000 · Miscellaneous Ins Co
—
—
K&g Enterprises LP
—
Deed Of Trust
related
$6,600,000 · Washington Mortgage Finl Group
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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