Four-Unit Mixed-Use
For Sale
$1,195,000
316 MAIN STREET, Gaithersburg, MD 20878
Four-unit mixed-use property with retail spaces and a second-floor apartment, featuring recent renovations to apartment and basement.
Property Size4,000 SF
Price / SF$298.75
Days on Market111
Property Features for 316 MAIN STREET
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Additional Details
Multifamily Units
2
Building Details
Year Built
2001
Tenancy
Multi
Listing Agency:
TTR Sotheby's International Realty
(301) 615-3000
Listed By:
Elaine S. Koch
(301) 641-5865
Source:
Cummingsrealtors
Added: Jul 7
Changed: Oct 25
Last Checked: Oct 24 at 6:56PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This four-unit mixed-use building includes retail spaces and a second-floor apartment. The property features recent, high-end renovations to the apartment and basement, reflecting updated finishes and thoughtful design throughout.
Located in the Kentlands area of Gaithersburg, the building is positioned within a walkable setting and is described as just steps from Whole Foods, along with nearby shops and restaurants.
Located in the Kentlands area of Gaithersburg, the building is positioned within a walkable setting and is described as just steps from Whole Foods, along with nearby shops and restaurants.
Key Highlights
- Four‑unit mixed‑use building built in 2001 with retail spaces and a second‑floor apartment
- Steady long‑term tenants in the retail spaces and second‑floor apartment
- Recent high‑end renovations to the apartment and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,931
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,838,620
$1.8M
Cap Rate 7%
$1,313,300
$1.3M
Cap Rate 9%
$1,021,456
$1.0M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$140.2K $35.04/SF
− Vacancy
−$8.8K −$2.21/SF
EGI
$131.3K $32.83/SF
− OpEx
−$39.4K −$9.85/SF
NOI
$91.9K $22.98/SF
Area
Montgomery County, MD
Vacancy
6.30%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,838,620
Cap Rate 7%
$1,313,300
Cap Rate 9%
$1,021,456
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,931 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$943.5K
$825.6K – $1.10M
NOI $66,045 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,497 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
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Business Placement
Demographics for 20878, MD
65,990
Population
25,297
Households
2.6
Avg Household Size
40
Median Age
70%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
3,235
Density / Sq Mi
$142,062
Median Household Income
$76,026
Median Earnings
$2,188
Median Rent
$675,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit mixed-use property with retail spaces and a second-floor apartment, featuring recent renovations to apartment and basement.
Where is this mixed-use property located?
The property is located at 316 MAIN STREET Gaithersburg, MD.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Four‑unit mixed‑use building built in 2001 with retail spaces and a second‑floor apartment; Steady long‑term tenants in the retail spaces and second‑floor apartment; Recent high‑end renovations to the apartment and basement
