Property profile

1 Water St Gaithersburg, MD 20877

OFF-MARKET
Apartment buildings
Property ID
US40-2165271
14,751 SF 0.72 ac lot Built 1973
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1973
Total area 14,751 SF
Lot 0.72 ac (31,541 SF)
Zoning code CBD
APN 09-00821061
UPID US40-2165271

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

1 Water St Gaithersburg, MD 20877-1942
Gaithersburg metro Census 700731 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.53M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.20M

Owner & transaction history

since 2023
Last sale
$8.1M
5 recorded transactions
2023
$8.1M
2008
Price N/A
1998
$136,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CBD · Gaithersburg, MD
Zoning description

The purpose of CBD Zone is intended to foster revitalization by promoting a desirable mix of commercial, office and residential uses, and providing public amenities, for attracting a variety of leisure uses and activitie…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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