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Property profile & analytics
OFF-MARKET
Estimated value
$139,140,000
Apartment buildings
540 Elmcroft Blvd Rockville, MD 20850-5646
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1321102
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2000
Construction
FRAME
Total area
38,410 SF
Lot
0.87 ac (37,909 SF)
Zoning code
OCPD
APN
04-03206247
UPID
US40-1321102
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
$167.20M
Blend (final)
Blend
$139.14M
Owner & transaction history
Ehf King Farm LP · 3 yrs held
Ehf King Farm LP
since 2023
Last sale
$123.0M
4 recorded transactions
Zoning & alternative use
OCPD · Rockville, 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 Rockville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockville 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
$143,350,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$139.14M
Range $125.23M – $153.05M · ±10% · vs last sale $123.00M (Mar 20 2023)
Last sale anchor
$123.00M
Mar 20 2023
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
$3,622 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$121,264
Tax year 2024
Assessed value
$8,920,767
Assessed 2024
Previous assessed
$8,920,767
+0.0% YoY
Effective rate
1.36%
On assessed value
Land market value
$700,000
Improvement market value
$8,897,500
Total market value
$9,597,500
Applied tax rate
12.0000
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 (5+ UNITS)
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
4
Units
35
Total area
38,410 SF
Lot
0.87 ac (37,909 SF)
Zoning code
OCPD
APN
04-03206247
UPID
US40-1321102
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
OCPD · Rockville, MD
Zoning OCPD · permitted uses
OCPD · Rockville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
35
Lot
0.87 ac
Current owner
From public records · entity-resolved
Ehf King Farm LP
Entity
Mailing address
2 SEAPORT LN, BOSTON, MA 02210-2001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Mar 20, 2023
$123,000,000
Ehf King Farm LP
King Farm Apartments Phase I Lllp
Deed
$61,500,000 · The Northwest Mutual Life Insurance
Mar 20, 2023
$150,000
Lavida Jackson
Luis A Gonzalez Escobar
Deed
$150,000 · Mortgage Research Center LLC
Dec 27, 2000
—
King Farm Apartments 1 Lllp
—
Deed Of Trust
related
$44,000,000 · Berkshire Mortgage Finance Co
Feb 20, 1998
$8,405,000
Jpi/kf Apartments Section 1 Ll
King Farm Associates LLC
Grant Deed
$32,732,250 · First Union National 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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