Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5454 Nicholson Ln Rockville, MD 20852-3265

    • Apartment buildings
    • 445,960 SF
    • 2.44 lot acres
    OFF-MARKET
    Last Sale
    Oct 14, 2020
    Value Estimations
    $1,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1594476
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • No Regrets Pizza Co. / Restaurant
    • Harwood Flats / Apartment Rental Agency / Apartment Building

    Property Details for 5454 Nicholson Ln

    Year built
    2022
    Lot size
    2.44 lot acres
    Property size
    445,960 SF
    Zone code
    CR
    Property type
    Apartment buildings
    APN
    04-03851155
    APU
    403851155

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,370,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1082
    Latitude
    39.0444
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $157,289
    $12,620,000
    $100,380,000
    $113,000,000
    -
    $12,620,000
    $100,380,000
    $113,000,000

    Comparable in this City

    • Value Estimation
      $1,615,000
      94,623 SF

      1801 Jefferson St

      APARTMENT HOUSE (5+ UNITS) • 94,623 SF
      1801 Jefferson St, Rockville, MD 20852-4045
      View Details
    • Value Estimation
      $1,530,000
      429,137 SF

      5410 Mcgrath Blvd

      APARTMENT HOUSE (100+ UNITS) • 429,137 SF
      5410 Mcgrath Blvd, North Bethesda, MD 20852-8727
      View Details
    • Value Estimation
      $1,675,000
      75,590 SF

      5454 Nicholson Ln, Unit 2

      APARTMENT HOUSE (5+ UNITS) • 75,590 SF
      5454 Nicholson Ln, Rockville, MD 20852-3265
      View Details
    • Value Estimation
      $990,000
      16,667 SF

      11550 Old Georgetown Rd, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 16,667 SF
      11550 Old Georgetown Rd, North Bethesda, MD 20852-2790
      View Details
    • Value Estimation
      $1,430,000
      188,380 SF

      12201 Vlg Sq Ter

      APARTMENT HOUSE (100+ UNITS) • 188,380 SF
      12201 Vlg Sq Ter, Rockville, MD 20852-1918
      View Details
    • Value Estimation
      $1,080,000
      20,400 SF

      11864 Grand Park Ave, Unit 400

      APARTMENT HOUSE (5+ UNITS) • 20,400 SF
      11864 Grand Park Ave, Rockville, MD 20852
      View Details

    Similar Nearby for Sale

    • $250,000

      Condo with Panoramic Views

      2-bedroom, 1-bath condo near Grosvenor Metro with included utilities.
      10201 Grosvenor 1518, Rockville, MD 20852
      View Details
    • $315,000

      Updated Condo Near White Flint

      Updated 1BR/1BA condo near Metro and community amenities.
      11800 Old Georgetown 1537, North Bethesda, MD 20852
      View Details
    • $749,000

      Elegant Penthouse with Panoramic Views

      Spacious penthouse with terrace, luxurious amenities, and convenient location.
      10401 Grosvenor Pl Pl, Rockville, MD 20852
      View Details
    • $285,000

      North Bethesda Top Floor Unit

      Three-bedroom, two-bathroom condo in North Bethesda with utilities included.
      12203 Academy Way, Rockville, MD 20852
      View Details
    • $475,000
      1,110 SF

      Custom Condo in North Bethesda

      Unique 2-bed, 2-bath condo near Pike & Rose and Metro.
      5802 Nicholson Ln, North Bethesda, MD 20852
      View Details
    • $419,900
      1,200 SF

      Top-Floor Unit with Panoramic Views

      Spacious 2BR/2BA condo with luxurious amenities and convenient location.
      10101 Grosvenor Pl, Rockville, MD 20852
      View Details

    Similar Nearby for Lease

    • $1,995 /Mo

      Top Floor Condo with Utilities

      Garden-style condo includes all utilities, cable, and storage.
      10304 Rockville Pike, Rockville, MD 20852
      View Details
    • $37 SF/Yr
      1,200 SF

      Rollins Ave Retail Space Available

      Prime Retail Space, Jefferson St & Rollins Ave
      178 Rollins Ave, Rockville, MD 20852
      View Details
    • $7 SF/Yr
      5,711 SF

      North Bethesda Office Suites

      Flexible workspace solutions in Montgomery County.
      12358 Parklawn Dr, North Bethesda, MD 20852
      View Details
    • $18 SF/Yr
      11,192 SF

      Rockville Flex Space Available

      Versatile space suitable for office, retail, or flex use.
      12231 Parklawn Dr, Rockville, MD 20852
      View Details
    • Contact for pricing
      4,320 SF

      Rockville Flex/Industrial Space Available

      Flex/industrial space in Rockville with ample parking and easy access.
      11800-11828 Coakley Cir, Rockville, MD 20852
      View Details
    • $12 SF/Yr
      89,100 SF

      Rockville Warehouse with Office Space

      15,000 SF warehouse with office and shipping areas.
      725 Rockville Pike, Rockville, MD 20852
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5454 Nicholson Ln
    Rockville, MD 20852-3265
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.