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Property profile & analytics
OFF-MARKET
Estimated value
$7,200,000
Medical Office Space
9312 Old Georgetown Rd Bethesda, MD 20814-1621
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1387123
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,804 SF
Lot
2.47 ac (107,593 SF)
Zoning code
R60
APN
07-00416360
UPID
US40-1387123
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
-
CPME Medical School
-
ASPS Medical Clinic
-
REdRC Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.20M
Owner & transaction history
The Diener School INC · 2 yrs held
The Diener School INC
since 2023
Last sale
$6.8M
2 recorded transactions
Zoning & alternative use
R60 · Bethesda, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.6M
+507.3%
Commercial (general)
$6.6M
+424.7%
Office building
$5.0M
+299.1%
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
$7,955,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,930,000
6.5%
$4,550,000
7%
$4,225,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,580,000
Change: +507% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,550,000
Change: +425% · Conversion: Easy
OFFICE BUILDING
$4,980,000
Change: +299% · Conversion: Easy
Blend value · Realmo final
$7.20M
Range $6.48M – $7.92M · ±10% · vs last sale $6.83M (Nov 21 2023)
Last sale anchor
$6.83M
Nov 21 2023
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
$383 / 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
$55,444
Tax year 2022
Assessed value
$5,023,133
Assessed 2023
Previous assessed
$5,023,133
+0.0% YoY
Effective rate
1.10%
On assessed value
Land market value
$3,266,500
Improvement market value
$2,524,700
Total market value
$5,791,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Units
1
Total area
18,804 SF
Lot
2.47 ac (107,593 SF)
Zoning code
R60
APN
07-00416360
UPID
US40-1387123
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R60 · Bethesda, MDZoning R60 · permitted uses
R60 · Bethesda, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$6.6M
OFFICE BUILDING
Est. value
$5.0M
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
The Diener School INC
Entity
Mailing address
11701 DANVILLE DR, NORTH BETHESDA, MD 20852-3717
Ownership since
2023
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
Nov 21, 2023
$6,825,000
The Diener School INC
American Podiatric Medical Associat
Deed
$1,000,000 · Pnfp Credit Corp
—
—
Podiatric Medical Association
—
Deed Of Trust
related
$850,000 · Chevy Chase Savings Bank
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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