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Property profile & analytics
OFF-MARKET
Estimated value
$6,315,000
Warehouses
5451 Randolph Rd, Rockville, MD 20852-2660
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0278461
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1959
Construction
BRICK
Total area
23,250 SF
Lot
1.85 ac (80,742 SF)
Zoning code
IL1.0
APN
04-00135633
UPID
US40-0278461
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
-
Master Auto Jaguar Auto Repair Shop Vehicle Inspection Center
-
Montrose Garage Auto Repair Shop
-
Rauno Auto Services LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.57M
CAP Approach
CAP
$4.54M
Comparable Approach
Comparable
$6.70M
Blend (final)
Blend
$6.32M
Owner & transaction history
5455 Industrial Center LLC · 6 yrs held
5455 Industrial Center LLC
since 2020
Last sale
$6.3M
3 recorded transactions
Zoning & alternative use
IL1.0 · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.0M
+51.8%
Commercial (general)
$8.2M
+39.5%
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
$8,795,000
ML approach
$8,565,000
CAP Approach
CAP Return
Estimation
6%
$4,915,000
6.5%
$4,535,000
7%
$4,215,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,900,000
Current use
OFFICE BUILDING
$8,955,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,230,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$6.32M
Range $5.68M – $6.95M · ±10% · vs last sale $6.30M (Mar 20 2020)
Last sale anchor
$6.30M
Mar 20 2020
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
$272 / 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
$53,662
Tax year 2022
Assessed value
$4,674,000
Assessed 2023
Previous assessed
$4,159,367
+12.4% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,481,600
Assessed improvement
$3,192,400
Land market value
$1,481,600
Improvement market value
$3,192,400
Total market value
$4,674,000
Applied tax rate
25.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1959
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
23,250 SF
Lot
1.85 ac (80,742 SF)
Zoning code
IL1.0
APN
04-00135633
UPID
US40-0278461
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IL1.0 · Rockville, MD
Zoning IL1.0 · permitted uses
IL1.0 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.9M
OFFICE BUILDING
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$8.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (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
1959
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
5455 Industrial Center LLC
Entity
Mailing address
8925 CHARRED OAK DR, BETHESDA, MD 20817-1921
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2020
$6,300,000
5455 Industrial Center LLC
Randolph Industrial Center LLC
Special Warranty Deed
$3,150,000 · Atlantic Union Bank
Jan 14, 2009
—
Randolph Industrial Center LLC
Milestone,scott A
Grant Deed
related
—
Dec 22, 1999
$379,460
Scott A Milestone
Greenwald,debra F
Grant Deed
$125,900 · Seller
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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