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Property profile & analytics
OFF-MARKET
Estimated value
$24,295,000
Office buildings
8401 Connecticut Ave Chevy Chase, MD 20815-5803
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1051069
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
BRICK
Total area
181,273 SF
Lot
1.96 ac (85,284 SF)
Zoning code
CRT4.
APN
07-00419842
UPID
US40-1051069
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
$18.78M
Blend (final)
Blend
$24.30M
Owner & transaction history
Chevy Chase Land Co Of Montgomery
Chevy Chase Land Co Of Montgomery
2 recorded transactions
Zoning & alternative use
CRT4. · Chevy Chase, 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 Chevy Chase submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chevy Chase 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$24.30M
Range $21.87M – $26.72M · ±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
$134 / 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
$349,333
Tax year 2022
Assessed value
$29,260,000
Assessed 2023
Previous assessed
$30,267,100
-3.3% YoY
Effective rate
1.19%
On assessed value
Assessed land
$13,508,900
Assessed improvement
$15,751,100
Land market value
$13,508,900
Improvement market value
$15,751,100
Total market value
$29,260,000
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
Off-Market
Year built
1971
Construction
BRICK
Heating
YES
Cooling
YES
Stories
12
Units
1
Total area
181,273 SF
Lot
1.96 ac (85,284 SF)
Zoning code
CRT4.
APN
07-00419842
UPID
US40-1051069
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT4. · Chevy Chase, MD
Zoning CRT4. · permitted uses
CRT4. · Chevy Chase, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chevy Chase. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
12
Units
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Chevy Chase Land Co Of Montgomery
Entity
Mailing address
5471 WISCONSIN AVE STE #320, CHEVY CHASE, MD 20815-3599
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
Chevy Chase Land Co Of Montgomery
—
Deed Of Trust
related
$18,000,000 · Northwestern Mutual Life Ins
—
—
Chevy Chase Land Co Of Montgom
—
Deed Of Trust
related
$18,500,000 · Miscellaneous Ins Co
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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