Mixed-Use Building with
For Sale
$1,199,000
337 Main St, Gaithersburg, MD 20878
Retail occupancy below and a private upper-level home support an owner-occupant mixed-use configuration.
Property Size5,072 SF
Price / SF$236.40
Days on Market56
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Property Features for 337 Main St
General Information
Standard status
Active
Size
5,072 SF
Building Details
Year Built
2002
Buildings
1
Tenancy
Single
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Elaine S. Koch
(301) 840-7320
Source:
Themelaninteam
Added: Aug 21
Changed: Oct 13
Last Checked: Oct 15 at 4:10AM
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 mixed-use building combines a first-floor retail showroom with a two-level residence above. The retail space is occupied by Drapery Designs, which is expected to remain after settlement. The upper home includes 3 bedrooms, 2.5 baths, and over 2,500 square feet of living space, with an open layout, gourmet kitchen with island, formal living and dining areas, family room with gas fireplace, one-car attached garage, and private rear entry. The total building contains approximately 4,519 square feet of mixed-use space.
The property is located at 337 Main St in Kentlands Midtown, within the community’s retail and dining district. Whole Foods, Starbucks, boutique shopping, and dining venues are described as being steps from the building, placing the property within an established mixed-use setting.
The property is located at 337 Main St in Kentlands Midtown, within the community’s retail and dining district. Whole Foods, Starbucks, boutique shopping, and dining venues are described as being steps from the building, placing the property within an established mixed-use setting.
Key Highlights
- Approximately 4,519 square feet of mixed‑use space
- First‑floor retail tenant, Drapery Designs, expected to remain after settlement
- Upper residence offers 3 bedrooms, 2.5 baths, and over 2,500 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,472
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,440
$1.4M
Cap Rate 7%
$978,171
$978.2K
Cap Rate 9%
$760,800
$760.8K
Market Conditions
NOI Build-Up for 5,072 SF
Gross rent
$121.7K $24.00/SF
− Vacancy
−$12.2K −$2.40/SF
EGI
$109.6K $21.60/SF
− OpEx
−$41.1K −$8.10/SF
NOI
$68.5K $13.50/SF
Area
Montgomery County, MD
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,440
Cap Rate 7%
$978,171
Cap Rate 9%
$760,800
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.94M
NOI $116,568 @ 7.0% cap · market cap 9.72%
Second Best
Mixed Use
$978.2K
$855.9K – $1.14M
NOI $68,472 @ 7.0% cap · market cap 5.71%
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,895 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail occupancy below and a private upper-level home support an owner-occupant mixed-use configuration.
Where is this mixed-use property located?
The property is located at 337 Main St Gaithersburg, MD.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Approximately 4,519 square feet of mixed‑use space; First‑floor retail tenant, Drapery Designs, expected to remain after settlement; Upper residence offers 3 bedrooms, 2.5 baths, and over 2,500 square feet
