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Property profile & analytics
OFF-MARKET
Estimated value
$11,160,000
Apartment buildings
5801 Nicholson Lnlu3, Rockville, MD 20852-5719
Entity Owned
16-yr Hold
Absentee Owner
Property ID
US40-0698261
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1999
Construction
BRICK
Total area
811,195 SF
Lot
5.89 ac (256,521 SF)
Zoning code
CR2.5
APN
04-03198170
UPID
US40-0698261
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
by Request
Blend (final)
Blend
$11.16M
Owner & transaction history
Wisconsin Park Associates LP · 16 yrs held
Wisconsin Park Associates LP
since 2010
2 recorded transactions
Zoning & alternative use
CR2.5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$14 / 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
$1,502,753
Tax year 2022
Assessed value
$137,225,700
Assessed 2023
Previous assessed
$137,225,700
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$12,831,000
Assessed improvement
$124,394,700
Land market value
$12,831,000
Improvement market value
$124,394,700
Total market value
$137,225,700
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
17
Units
552
Total area
811,195 SF
Lot
5.89 ac (256,521 SF)
Zoning code
CR2.5
APN
04-03198170
UPID
US40-0698261
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR2.5 · Rockville, MD
Zoning CR2.5 · permitted uses
CR2.5 · 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
1999
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
17
Units
552
Lot
5.89 ac
Current owner
From public records · entity-resolved
Wisconsin Park Associates LP
Entity
Mailing address
127 PUBLIC SQ STE #2410, CLEVELAND, OH 44114-1218
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2010
—
Wisconsin Park Associates LP
—
Deed Of Trust
related
$4,000,000 · Federal National Mortgage Assn
Jan 9, 2001
—
Wisconsin Park Associates LP
—
Deed Of Trust
related
$5,645,800 · Keycorp Real Estate Capital Ma
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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