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Property profile & analytics
OFF-MARKET
Estimated value
$14,950,000
Commercial land
5485 Westbard Ave, Bethesda, MD 20816-1408
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-2247364
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1981
Construction
BRICK
Total area
89,632 SF
Lot
0.73 ac (31,976 SF)
Zoning code
CRT1.
APN
07-00662885
UPID
US40-2247364
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
$18.62M
Comparable Approach
Comparable
$12.05M
Blend (final)
Blend
$14.95M
Owner & transaction history
Equity One Northeast Portfolio LLC · 3 yrs held
Equity One Northeast Portfolio LLC
since 2022
7 recorded transactions
Zoning & alternative use
CRT1. · Bethesda, 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 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%
$20,165,000
6.5%
$18,615,000
7%
$17,285,000
Blend value · Realmo final
$14.95M
Range $13.46M – $16.45M · ±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
$167 / 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
$30,763
Tax year 2024
Assessed value
$2,532,400
Assessed 2024
Previous assessed
$2,532,400
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,532,400
Land market value
$2,532,400
Total market value
$2,532,400
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1981
Construction
BRICK
Heating
YES
Stories
4
Total area
89,632 SF
Lot
0.73 ac (31,976 SF)
Zoning code
CRT1.
APN
07-00662885
UPID
US40-2247364
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT1. · Bethesda, MD
Zoning CRT1. · permitted uses
CRT1. · 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.
Building & site characteristics
From public records
Year built
1981
Construction
BRICK
Heating
YES
Stories
4
Lot
0.73 ac
Current owner
From public records · entity-resolved
Equity One Northeast Portfolio LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 790830, SAN ANTONIO, TX 78279-0830
Ownership since
2022
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
Sep 25, 2023
—
Regency Kensington Bethesda Owner L
—
Deed
related
$60,707,365 · M & T Bank
Aug 10, 2022
—
Equity One Northeast Portfolio LLC
Regency Kensington Bethesda Owner L
Deed
—
Jan 4, 2022
—
Montgomery County
Regency Kensington Bethesda Owner L
Quit Claim Deed
related
—
Sep 3, 2020
—
Regency Kensington Bethesda Ow
Equity One LLC
Warranty Deed
—
Jan 27, 2014
$15,000,000
Equity One
360-westwood Center II LLC
Grant Deed
—
Mar 16, 2005
$7,000,000
360-westwood Center II LLC
Westwood Jv LLC
Grant Deed
related
—
—
—
360-westwood Center II LLC
—
Deed Of Trust
related
$95,000 · Column Financial INC
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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