Four-Unit Mixed-Use
316 MAIN STREET Gaithersburg, MD 20878
316 MAIN STREET, Gaithersburg, MD, 20878
$1,195,000
For Sale
$1,195,000
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 Market19
Property Features for 316 MAIN STREET
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2001
Listing agency
TTR Sotheby's International Realty
(301) 641-5865
Listed by
Elaine S. Koch
(301) 641-5865
Source
Cummingsrealtors
Added: Jul 5 Updated: Jul 22 at 4:20PM Checked: Jul 22 at 4:20PM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.2k | $35.04 |
| − Vacancy | −$8.8k | −$2.21 |
| EGI | $131.3k | $32.83 |
| − OpEx | −$39.4k | −$9.85 |
| NOI | $91.9k | $22.98 |
4,000 SF · lease $35.04/SF/yr · vacancy 6.30% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Creative Solutions Counseling, ...
Counselor
DBT Maryland
Crisis Center
The Career Doctor
Employment Agency
Safe Harbor Behavioral ...
Crisis Center
Safe Harbor Christian ...
Counselor
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FAQs
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
