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    204 Ellington Blvd Gaithersburg, MD 20877

    For Lease
    Contact for pricing

    Energetic mixed-use destination with nationally recognized brands and unique shops.

    Property size:
    2,346 SF
    Lot size:
    1.94 Acres

    Property Features for 204 Ellington Blvd

    General Information

    Size
    2,346 SF
    Lot size
    1.94 Acres

    Source: Kite Realty Group - Corporate Agent Greg Goldberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Destination in Gaithersburg, MD

    This mixed-use development serves as the commercial hub for the 180-acre Crown community, focused on creating a live-work-play environment in Montgomery County, MD. The retail component of Downtown Crown features nationally recognized brands and unique first-to-market dining, shops, and services. The location serves one of the most educated and affluent communities in the nation, with an average disposable income of $104,687. The population falls within the 95th percentile in weighted average household incomes and percentages of adults with college degrees. The development is part of a 180-acre urban masterplan, creating a 24/7 mixed-use community destination. In 2023, a new park, plaza, and community stage are being added on site to enhance the visitor experience and make the development a welcoming destination within the neighborhood. The property offers 2,346 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Glamorous Nails Spa Nail Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    rio, Muddy Branch Square, 9801 Washingtonian Office Inc Ta, Coinstar Kiosk | Bitcoin ATM, Coinstar

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -81.5291885
    Latitude
    37.5772618

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    FAQs

    What type of property is this?
    Shopping center - Energetic mixed-use destination with nationally recognized brands and unique shops.
    Where is this shopping center located?
    The property is located at 204 Ellington Blvd Gaithersburg, MD.
    What are key features of this property?
    This property features: - Located in Downtown Crown, a vibrant 180-acre master-planned, mixed-use community.; - Serves an affluent community with a $144,901 average household income (3-mile radius).; - Part of a Super-Zip Community known for high household incomes and education levels.
    (317) 577-5600
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    204 Ellington Blvd Gaithersburg, MD 20877
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    Gaithersburg, MD 20877
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    Realmo Value Estimation

    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.

    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.

    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
    204 Ellington Blvd Gaithersburg, MD 20877
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