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Property profile & analytics
OFF-MARKET
Estimated value
$38,490,000
Warehouses
5221 Riv Rd, Bethesda, MD 20816-1400
Entity Owned
20-yr Hold
Free & Clear
Property ID
US40-0071012
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
110,112 SF
Lot
2.3 ac (100,301 SF)
Zoning code
IM1.5
APN
07-00416110
UPID
US40-0071012
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
-
Donna & Daughter Llc Real Estate Agency
-
The Center for Music, Movement & Art, Inc. Vocational School Training Center
-
Toossi Rug Gallery Carpet & Flooring Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$38.49M
Owner & transaction history
Bethesda Bound LLC · 20 yrs held
Bethesda Bound LLC
since 2005
4 recorded transactions
Zoning & alternative use
IM1.5 · Bethesda, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$60.8M
+76.5%
Industrial (general)
$52.5M
+52.2%
Office building
$45.2M
+31.0%
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
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
WAREHOUSE, STORAGE
$34,465,000
Current use
RETAIL STORES
$60,830,000
Change: +77% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$52,465,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$45,150,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$38.49M
Range $34.64M – $42.34M · ±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
$350 / 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
$227,078
Tax year 2022
Assessed value
$28,400,600
Assessed 2023
Previous assessed
$19,588,900
+45.0% YoY
Effective rate
0.80%
On assessed value
Land market value
$6,619,800
Improvement market value
$39,404,200
Total market value
$46,024,000
Applied tax rate
38.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
3
Units
1
Total area
110,112 SF
Lot
2.3 ac (100,301 SF)
Zoning code
IM1.5
APN
07-00416110
UPID
US40-0071012
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IM1.5 · Bethesda, MD
Zoning IM1.5 · permitted uses
IM1.5 · 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
WAREHOUSE, STORAGE Current
Est. value
$34.5M
RETAIL STORES
Est. value
$60.8M
INDUSTRIAL (GENERAL)
Est. value
$52.5M
OFFICE BUILDING
Est. value
$45.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
3
Units
1
Lot
2.3 ac
Current owner
From public records · entity-resolved
Bethesda Bound LLC
Entity
Free & Clear · 20 yrs held
Mailing address
128 KING ST STE #400, SAN FRANCISCO, CA 94107-1905
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
—
Bethesda Bound LLC
—
Deed
related
$24,800,000 · German American Capital Corp
Sep 30, 2005
$1,748,360
Bethesda Bound LLC
Orwitz Allen & Lea Trust
Grant Deed
—
Jun 14, 2000
—
Kenwood Storage LLC
—
Deed Of Trust
related
$3,600,000 · Wells Fargo Bank
May 26, 1999
—
Kenwood Storage LLC
Abramson,albert & Ruth
Grant Deed
$4,100 · American Savings Bank
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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