Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    204 Market St E Gaithersburg, MD 20878

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a community shopping center.

    Property size:
    1,515 SF
    Lot size:
    9.43 Acres

    Property Features for 204 Market St E

    General Information

    Size
    1,515 SF
    Lot size
    9.43 Acres

    We can help!

    Listing Contact
    Skylar Jones
    Source: Moodyscre

    Listing Agent: Skylar Jones

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

    Learn more

    Property Insight Report

    Overview

    Retail Space in Kentlands Market

    Kentlands Market Square is a community shopping center with over 250,000 square feet. Anchored by retailers such as Whole Foods, Michaels, Petsmart, Starbucks, and Five Below, the shopping center includes over 40 stores. The property is conveniently accessible from 270. Traffic counts estimate a total of 33,724 vehicles per day on Great Seneca Highway & Muddy Branch Road. The available retail space is 1,515 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Social Leaf Collective ... Hostel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2336764
    Latitude
    39.1219622

    Nearby Similar for Lease

    • $2,400 /Mo
      2,178 SF

      Gaithersburg Office Space for Lease

      Well-maintained 880 SF office suite in Russell Office Park.
      945 Russell Ave, Gaithersburg, MD 20879
      View Details
    • $1,959 /Mo

      Gaithersburg Office/Retail Space Available

      Professional office/retail space with private office and updated bath.
      312 Main St, Gaithersburg, MD 20878
      View Details
    • $3,600 /Mo
      2,583 SF

      Luxurious Townhome in Parklands Community

      Sophisticated 3-bedroom, 3.5-bath townhouse with modern amenities and community features.
      122 Parkview Ave, Gaithersburg, MD 20878
      View Details
    • $2,550 /Mo
      1,242 SF

      Lakeview Home with Nature Backdrop

      Two-level, two-bedroom home with lake views and updated features.
      9804 Islandside Dr, Gaithersburg, MD 20886
      View Details
    • $2,000 /Mo

      Gaithersburg Office Space Available

      Three private rooms for lease in Gaithersburg, MD.
      111 Central Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      3,527 SF

      Mixed-Use Destination in Gaithersburg, MD

      Energetic mixed-use destination with nationally recognized brands and unique shops.
      113 Ellington Blvd, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      2,346 SF

      Mixed-Use Destination in Gaithersburg, MD

      Energetic mixed-use destination with nationally recognized brands and unique shops.
      204 Ellington Blvd, Gaithersburg, MD 20877
      View Details
    • $2,750 /Mo
      1,253 SF

      Charming Townhouse Near Rio Lakefront

      Townhouse rental in a desirable location with community pool.
      1 Blue Ribbon Ct, Gaithersburg, MD 20878
      View Details
    • $2,100 /Mo

      Adaptable Office Space Available

      Flexible office space in the Fairview Building, Gaithersburg.
      438 N Frederick Ave, Gaithersburg, MD 20877
      View Details
    • $3,350 /Mo

      Upgraded Townhouse with Car Charger

      Light-filled 3-bedroom townhouse with upgrades and convenient location.
      638 Cobbler Pl, Gaithersburg, MD 20877
      View Details
    • $2,100 /Mo

      Adaptable Office Space For Rent

      Flexible office space in a convenient location with ample parking.
      438 N Frederick Ave, Gaithersburg, MD 20877
      View Details
    • $100,000

      Turnkey Salon in Gaithersburg, MD

      Ready-to-operate beauty salon for sale in prime Gaithersburg location.
      501 N Frederick Ave, Gaithersburg, MD 20877
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Retail space available in a community shopping center.
    Where is this shopping mall located?
    The property is located at 204 Market St E Gaithersburg, MD.
    What are key features of this property?
    This property features: - Anchored by **Whole Foods**, a major draw for grocery shoppers.; - Features a diverse mix of retailers including Michaels, Petsmart, Starbucks, and Five Below.; - Large community shopping center with over 250,000 square feet of retail space.
    (516) 869-9000
    Request Owner's contact information
    204 Market St E Gaithersburg, MD 20878
    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.
    204 Market St E
    Gaithersburg, MD 20878
    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
    204 Market St E Gaithersburg, MD 20878
    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

    We can help!
    Listing Contact
    Skylar Jones
    (516) 869-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.