Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    804 Hungerford Dr Rockville, MD 20850-1726

    • Auto shops
    • 7,200 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0877890
    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

    • Fresh Baguette / Bakery / Specialty Food Shop

    Property Details for 804 Hungerford Dr

    Year built
    1966
    Construction
    BRICK
    Lot size
    0.82 lot acres
    Property size
    7,200 SF
    Zone code
    MXCD
    Property type
    Auto shops
    APN
    04-03362296
    APU
    403362296

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $605,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $515,000
      Market price range: $318k - $1.11M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $700,000
      Current use
      OFFICE BUILDING
      $885,000
      Change: +27% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $645,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockville
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1542
    Latitude
    39.0947
    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
    $27,027
    $893,600
    $968,800
    $1,862,400
    -
    $893,600
    $968,800
    $1,862,400

    Comparable in this City

    • Value Estimation
      $685,000
      10,149 SF

      91 Frederick Ave

      AUTO REPAIR, GARAGE • 10,149 SF
      91 Frederick Ave, Rockville, MD 20850
      View Details
    • Value Estimation by Request
      2,033 SF

      125 England Ter

      AUTO REPAIR, GARAGE • 2,033 SF
      125 England Ter, Rockville, MD 20850-1631
      View Details
    • Value Estimation
      $855,000
      14,505 SF

      14900 Southlawn Ln

      AUTO REPAIR, GARAGE • 14,505 SF
      14900 Southlawn Ln, Rockville, MD 20850-1321
      View Details
    • Value Estimation
      $1,260,000
      2,016 SF

      501 Dover Rd

      AUTO REPAIR, GARAGE • 2,016 SF
      501 Dover Rd, Rockville, MD 20850
      View Details
    • Value Estimation
      $555,000
      8,109 SF

      501 Gude Dr

      AUTO REPAIR, GARAGE • 8,109 SF
      501 Gude Dr, Rockville, MD 20850-1353
      View Details
    • Value Estimation by Request
      5,336 SF

      98 Derwood Cir

      AUTO REPAIR, GARAGE • 5,336 SF
      98 Derwood Cir, Rockville, MD 20850-1262
      View Details

    Similar Nearby for Sale

    • $150,000

      Rockville Grocery Store Business Opportunity

      Indian and Pakistani grocery store business for sale in Rockville.
      15110 Frederick Rd, Rockville, MD 20850
      View Details
    • $1,900,000

      Versatile Commercial Units For Sale

      First-floor commercial units suitable for office, medical, retail uses.
      14801 Physicians Ln, Rockville, MD 20850
      View Details
    • Contact for pricing
      3,320 SF

      New Chase Bank Ground Lease

      New 15-year corporate guaranteed lease with options to extend.
      460 Hungerford Dr, Rockville, MD 20850
      View Details
    • Contact for pricing
      4,100 SF

      Freestanding Bank Branch with Drive-Thru

      0.96-acre pad with existing 4,100 SF building.
      350 E Gude Dr, Rockville, MD 20850
      View Details
    • $429,900
      1,500 SF

      Rockville Office Condo - Great Location

      1500 sq ft Office, Low Condo Fees
      966 Hungerford Dr, Rockville, MD 20850
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,680 SF

      Rockville Retail Space For Rent

      Retail space with dedicated parking and signage opportunities in Rockville.
      9401 Key West Ave, Rockville, MD 20850
      View Details
    • Contact for pricing
      4,717 SF

      Retail Space in Rockville

      Retail property available for lease in Rockville, Maryland.
      14925 Shady Grove Rd, Rockville, MD 20850
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in King Farm

      Grocery-anchored shopping center in Rockville, Maryland for lease.
      801 Pleasant Dr, Rockville, MD 20850
      View Details
    • $42 SF/Yr
      2,065 SF

      Retail Space on Hungerford Drive

      Retail space with high visibility near Giant Food.
      751-773 Hungerford Dr, Rockville, MD 20850
      View Details
    • Contact for pricing
      1,184 SF

      Retail Space in Rockville Center

      Retail space available in Traville Village Center, Rockville, MD.
      9761 Traville Gateway Dr, Rockville, MD 20850
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Traville Gateway

      Neighborhood center with boutique stores and acclaimed restaurants.
      9743-9749 Traville Gateway Dr, Rockville, MD 20850
      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.
    804 Hungerford Dr
    Rockville, MD 20850-1726
    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.
    Sign Up Successful!
    You now have access to more from Realmo!