1010 REVERE BEACH PARKWAY
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Location
1010 REVERE BEACH PARKWAY
Mblu
75/ / 12/ /
Acct#
75-12
Owner
FR CHELSEA COMMONS III LLC
Total Market Value
$8,536,000
PID
103296
Building Count
3
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$5,138,800$3,397,200$8,536,000

Owner of Record
OwnerFR CHELSEA COMMONS III LLC
Co-OwnerC/O FEDERAL REALTY INVESTMENT TRUST
Address909 ROSE AVENUE, SUITE #200

NORTH BETHESDA, MD 20852
Sale Price$8,000,000
Certificate
Book & Page 43811/0196
Sale Date07/17/2008
Instrument1B

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
FR CHELSEA COMMONS III LLC$8,000,000 43811/01961B07/17/2008
CHESEA EDF PARKWAY LLC &$10 43811/01921B07/17/2008
PARKWAY PLAZA VENTURE II LLC$1 38132/03241F09/28/2005
PARKWAY PLAZA VENTURE II LLC$1 37426/00671B06/29/2005
PARKWAY PLAZA VENTURE LLC$1 DOC699442/00001B04/14/2005

Building Information
Building 1 : Section 1
Year Built: 2007
Living Area: 12,668
Replacement Cost: $2,624,679
Building Percent Good: 91
Replacement Cost
Less Depreciation:
$2,388,500
Building Attributes
FieldDescription
Style:Store
ModelCommercial
GradeGood
Stories:1 Story
Occupancy1.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverRubber Membran
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseSTORE/SHOP MDL-94
Total Rooms2
Total Bedrms0
Total Baths2
Systems Stat 
Residential Units 
1st Floor Use:3220
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height16.00
% Comn Wall0.00
Commercial Units 
# Open parking spaces 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 12,668 12,668
CANCanopy 340 0
   13,008 12,668
Building 2 : Section 1
Year Built: 2007
Living Area: 3,391
Replacement Cost: $1,581,893
Building Percent Good: 88
Replacement Cost
Less Depreciation:
$1,392,100
Building Attributes : Bldg 2 of 3
FieldDescription
Style:Fast Food Rest
ModelCommercial
GradeGood
Stories:1 Story
Occupancy1.00
Exterior Wall 1Stucco/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverRubber Membran
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Ceram Clay Til
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseREST/CLUBS MDL-94
Total Rooms2
Total Bedrms0
Total Baths2
Systems Stat 
Residential Units 
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeMASONRY
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsABOVE AVERAGE
Wall Height16.00
% Comn Wall 
Commercial Units 
# Open parking spaces 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,391 3,391
   3,391 3,391
Building 3 : Section 1
Year Built: 2008
Living Area: 4,185
Replacement Cost: $1,781,125
Building Percent Good: 88
Replacement Cost
Less Depreciation:
$1,567,400
Building Attributes : Bldg 3 of 3
FieldDescription
Style:Fast Food Rest
ModelCommercial
GradeGood
Stories:1 Story
Occupancy1.00
Exterior Wall 1Brick Veneer
Exterior Wall 2 
Roof StructureFlat
Roof CoverRubber Membran
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Ceram Clay Til
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseREST/CLUBS MDL-94
Total Rooms2
Total Bedrms0
Total Baths2
Systems Stat 
Residential Units 
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height14.00
% Comn Wall 
Commercial Units 
# Open parking spaces 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 4,185 4,185
CANCanopy 252 0
   4,437 4,185

Extra Features
Extra Features
CodeDescriptionSizeAssessed ValueBldg #
CLR2FREEZER TEMPS112.00 S.F.$4,6002
FPLFIREPLACE1.00 UNITS$2,7003
SPR1SPRINKLERS-WET3476.00 S.F.$3,9002
FPOEXTRA FPL OPEN1.00 UNITS$1,8003
SPR1SPRINKLERS-WET15680.00 S.F.$17,8001
CLR1COOLER192.00 S.F.$5,9001
CLR1COOLER88.00 S.F.$2,7003
CLR2FREEZER TEMPS112.00 S.F.$4,7003
MEZ1MEZZANINE-UNF1995.00 S.F.$22,9001
DUW1DRIVE-UP WINDW1.00 UNITS$9,0001
DUW1DRIVE-UP WINDW1.00 UNITS$9,1003
DUW3W/PNEU TUBE1.00 UNITS$22,5001
DUW3W/PNEU TUBE1.00 UNITS$22,8003

Land
Land Use
Use Code3220
DescriptionSTORE/SHOP MDL-94  
ZoneSHOP CTR
Neighborhood3020
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)241795
Frontage0
Total Market Land$3,397,200

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeAssessed ValueBldg #
LT1LIGHTS-IN W/PL  2.00 UNITS$1,7003
PAV1PAVING-ASPHALT  180000.00 S.F.$450,0001
LT1LIGHTS-IN W/PL  10.00 UNITS$11,0001
LT10W/DOUBLE LIGHT  2.00 UNITS$5,1003
PAT1PATIO-AVG  765.00 S.F.$4,6002
LT10W/DOUBLE LIGHT  6.00 UNITS$20,4001
LT1LIGHTS-IN W/PL  3.00 UNITS$3,3002
LT10W/DOUBLE LIGHT  2.00 UNITS$6,8002
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$6,143,100$3,235,200$9,378,300
2024$5,506,200$3,080,400$8,586,600
2023$4,990,000$3,080,400$8,070,400

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