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Three-Building Multifamily Redevelopment Campus

13 E Deer Park Dr, Gaithersburg, MD 20877

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For Sale

$2,950,000

RB-zoned campus offers adaptive reuse options within a capped building footprint.

HighLights

RB‑zoned three‑building campus with adaptive reuse permitted uses
Maximum building footprint of 17,847 SF (30% of the site), subject to City of Gaithersburg approval
Potential to yield up to 34 similar two‑over‑two condominium units if approved
Campus is approximately 60% leased, projected to reach 80% occupancy within the next 60 days
Prominent marketing exposure along North Frederick Avenue with high traffic volumes and curb visibility
Proximity to MARC train station, Olde Town Gaithersburg, Shady Grove Metro, ICC, and I‑270 corridor

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Listing Contact

J. Larry Galey

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For Sale

$2,950,000

RB-zoned campus offers adaptive reuse options within a capped building footprint.

Added:: Apr 24, 2026
Days on Market:: 56
Last Refresh:: Jun 17 at 2:58 am

Property Features for 13 E Deer Park Dr

General Information

Standard status: Active

We can help!

Listing Contact

J. Larry Galey

Listing agent J. Larry Galey License #5299

Listing office RE/MAX Realty Centre, Inc.

Listing date Apr 24, 2026

Source Exprealty

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

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty Centre, Inc.

HighLights

RB‑zoned three‑building campus with adaptive reuse permitted uses
Maximum building footprint of 17,847 SF (30% of the site), subject to City of Gaithersburg approval
Potential to yield up to 34 similar two‑over‑two condominium units if approved
Campus is approximately 60% leased, projected to reach 80% occupancy within the next 60 days
Prominent marketing exposure along North Frederick Avenue with high traffic volumes and curb visibility
Proximity to MARC train station, Olde Town Gaithersburg, Shady Grove Metro, ICC, and I‑270 corridor

Overview

The property is a three-building apartment campus presented as a development and adaptive reuse opportunity. The RB zoning is described as allowing adaptive reuse with a maximum building footprint of 17,847 square feet, or 30% of the site. The campus is currently approximately 60% leased, with the seller projecting it will reach 80% occupancy within the next 60 days. Subject to City of Gaithersburg approval, the East Deer Park campus is described as having the potential to yield up to 34 similar two-over-two condominium units.

The campus benefits from proximity to multiple regional access points and destinations, including the MARC train station, Olde Town Gaithersburg, the Shady Grove Metro, the ICC, and the I-270 corridor. The offering also highlights prominent marketing exposure along North Frederick Avenue, citing high traffic volumes and strong curb visibility.

For tenants, the existing apartment configuration supports an income-focused ownership model tied to current leasing. For buyers and operators, the zoning framework and approval-dependent redevelopment plan are central to the asset’s strategy, with the property positioned to serve as both an operating investment and a platform for contemplated condominium conversion under City approval.

Location Intelligence

Current Use by Public Records

Fountain-Living Waters Wellness Wellness Program Casa Latino Real ... Real Estate Agency Lappin Robert W Counselor Willcox Dana Foster Care Service Tricon Trexim Inc (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

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Local Demand

City: Gaithersburg
County: Montgomery
State: Maryland
Longitude: -77.1879783
Latitude: 39.1330395

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For sale
Apartment buildings
MD
Gaithersburg
20877
13 E Deer Park Dr

What type of property is this?

Apartment building - RB-zoned campus offers adaptive reuse options within a capped building footprint.

Where is this apartment building located?

The property is located at 13 E Deer Park Dr Gaithersburg, MD.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: RB‑zoned three‑building campus with adaptive reuse permitted uses; Maximum building footprint of 17,847 SF (30% of the site), subject to City of Gaithersburg approval; Potential to yield up to 34 similar two‑over‑two condominium units if approved