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Property profile & analytics
FOR LEASE
Office buildings
6901 Rockledge Dr, Bethesda, MD 20817
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-0301998
For Lease
1 / 2
Contact for pricing
6901 Rockledge Dr, Bethesda, MD 20817
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
BRICK
Total area
195,550 SF
Lot
15.34 ac (668,091 SF)
Zoning code
CR1.5
APN
04-01971981
UPID
US40-0301998
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
-
Centrus Energy Corp. Nuclear Power Company
-
SP+ Parking Parking Lot & Garage
-
Trent Nichols Loan Service Bank
-
Capital Associates Financial Advisor
-
(Andrea Zasowski) Long & Foster Real Estate, Inc.: Sales and Rentals Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$39.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$60.86M
Owner & transaction history
American Pcs LP · 1 yrs held
American Pcs LP
since 2025
Last sale
$69.5M
5 recorded transactions
Zoning & alternative use
CR1.5 · Bethesda, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$93.2M
+16.2%
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%
$42,485,000
6.5%
$39,220,000
7%
$36,415,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$80,185,000
Current use
INDUSTRIAL (GENERAL)
$93,180,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$60.86M
Range $54.77M – $66.95M · ±10% · vs last sale $69.50M (Mar 7 2025)
Last sale anchor
$69.50M
Mar 7 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
$311 / 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
$1,323,895
Tax year 2022
Assessed value
$106,814,300
Assessed 2023
Previous assessed
$115,000,000
-7.1% YoY
Effective rate
1.24%
On assessed value
Assessed land
$20,650,600
Assessed improvement
$86,163,700
Land market value
$20,650,600
Improvement market value
$86,163,700
Total market value
$106,814,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
3
Stories
9
Units
3
Total area
195,550 SF
Lot
15.34 ac (668,091 SF)
Zoning code
CR1.5
APN
04-01971981
UPID
US40-0301998
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR1.5 · Bethesda, MD
Zoning CR1.5 · permitted uses
CR1.5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$80.2M
INDUSTRIAL (GENERAL)
Est. value
$93.2M
OFFICE BUILDING Current
INDUSTRIAL (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
1984
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
9
Buildings
3
Units
3
Lot
15.34 ac
Current owner
From public records · entity-resolved
American Pcs LP
Entity
Free & Clear · 1 yrs held
Mailing address
6901 ROCKLEDGE DR STE #230, BETHESDA, MD 20817-1819
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
—
American Pcs LP
Troy K Bradwell
Deed
related
—
Sep 12, 2022
$69,500,000
G&i X Democracy Center LLC
Democracy Associates Limited Partne
Deed
$67,780,471 · Prime Finance Short Duration Holdin
Feb 25, 2002
—
Maryland State
Democracy Associates LP
Grant Deed
related
—
Mar 19, 1999
—
Montgomery County (md)
Democracy Associates LP
Grant Deed
related
—
—
—
Democracy Associates LP
—
Deed Of Trust
related
$110,000 · Teachers Insurance & Annuity
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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