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Property profile & analytics
OFF-MARKET
Estimated value
$8,205,000
Office buildings
622 Hungerford Dr, Rockville, MD 20850-1723
Individually Owned
10-yr Hold
Free & Clear
Property ID
US40-1288278
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
BRICK
Total area
25,281 SF
Lot
1.33 ac (58,074 SF)
Zoning code
MXNC
APN
04-00144637
UPID
US40-1288278
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
-
Consumer Trust Mortgage Loan Service Bank
-
Faith Action World Missions Church
-
The Insurance Store Insurance Agency
-
Altavoz Entmt Theater & Performing Art Venue Music Venue
-
LGX Branding & Design 品牌设计工作室 Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.66M
CAP Approach
CAP
$5.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.21M
Owner & transaction history
Rockville Jv A Lc · 10 yrs held
Rockville Jv A Lc
since 2015
Last sale
$8.2M
1 recorded transaction
Zoning & alternative use
MXNC · Rockville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$12.0M
+54.8%
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
by Request
ML approach
$10,655,000
CAP Approach
CAP Return
Estimation
6%
$5,495,000
6.5%
$5,070,000
7%
$4,710,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,785,000
Current use
INDUSTRIAL (GENERAL)
$12,045,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,415,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$8.21M
Range $7.38M – $9.03M · ±10% · vs last sale $8.22M (May 6 2025)
Last sale anchor
$8.22M
May 6 2025
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
$325 / 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
$22,971
Tax year 2022
Assessed value
$1,390,400
Assessed 2023
Previous assessed
$1,390,400
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$697,800
Assessed improvement
$692,600
Land market value
$697,800
Improvement market value
$692,600
Total market value
$1,390,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
25,281 SF
Lot
1.33 ac (58,074 SF)
Zoning code
MXNC
APN
04-00144637
UPID
US40-1288278
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXNC · Rockville, MD
Zoning MXNC · permitted uses
MXNC · 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
OFFICE BUILDING Current
Est. value
$7.8M
INDUSTRIAL (GENERAL)
Est. value
$12.0M
WAREHOUSE, STORAGE
Est. value
$6.4M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1979
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Rockville Jv A Lc
Individual
Free & Clear · 10 yrs held
Mailing address
1934 OLD GALLOWS RD STE #500, VIENNA, VA 22182-4041
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2015
—
Rockville Jv A Lc
Conroy John M
Grant Deed
—
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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