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    Property profile & analytics

    104 Main St Gaithersburg, MD 20878-5573

    • Community centers
    • 195,269 SF
    • 22.29 lot acres
    OFF-MARKET
    Value Estimations
    $4,985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0779973
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chick-fil-A / Take-out & Catering / Catering Service

    Property Details for 104 Main St

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    22.29 lot acres
    Property size
    195,269 SF
    Zone code
    MXD
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    09-03203483
    APU
    903203483

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $6,980,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2377
    Latitude
    39.1254
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $859,254
    $13,131,100
    $46,868,900
    $60,000,000
    -
    $13,131,100
    $46,868,900
    $60,000,000

    Comparable in this City

    • Value Estimation
      $1,510,000
      61,516 SF

      12251 Darnestown Rd

      MINI-MALL • 61,516 SF
      12251 Darnestown Rd, Gaithersburg, MD 20878-2203
      View Details
    • Value Estimation
      $3,300,000
      95,771 SF

      800 Muddy Br Rd

      MINI-MALL • 95,771 SF
      800 Muddy Br Rd, Gaithersburg, MD 20878-2780
      View Details
    • Value Estimation
      $2,560,000
      79,466 SF

      12101 Darnestown Rd

      SHOPPING CENTER, STRIP CENTER • 79,466 SF
      12101 Darnestown Rd, Gaithersburg, MD 20878-2205
      View Details
    • Value Estimation
      $19,880,000
      102,250 SF

      40 Market St

      WHOLESALE OUTLET, DISCOUNT STORE • 102,250 SF
      40 Market St, Gaithersburg, MD 20878-6532
      View Details
    • Value Estimation
      $2,190,000
      55,812 SF

      28 Bureau Dr

      SHOPPING CENTER, STRIP CENTER • 55,812 SF
      28 Bureau Dr, Gaithersburg, MD 20878-1402
      View Details
    • Value Estimation
      $3,375,000
      196,946 SF

      9811 Washingtonian Blvd

      REGIONAL SHOPPING CENTER, MALL • 196,946 SF
      9811 Washingtonian Blvd, Gaithersburg, MD 20878-7306
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      80,436 SF

      Safeway Anchored Shopping Center

      Shopping center anchored by Safeway in Gaithersburg, Maryland.
      12201 Darnestown Rd, Gaithersburg, MD 20878
      View Details
    • Contact for pricing
      80,436 SF

      Safeway Anchored Shopping Center

      Grocery-anchored shopping center in Gaithersburg, Maryland.
      12201-12301 Darnestown Rd, Gaithersburg, MD 20878
      View Details
    • $1,149,000

      Retail Property on Main Street

      Retail property for sale on Main Street, Gaithersburg, MD.
      375 Main St, Gaithersburg, MD 20878
      View Details
    • $688,000

      Gaithersburg Class A Office Space

      Full-service Class A office space available for purchase in Gaithersburg.
      17B Firstfield Rd, Gaithersburg, MD 20878
      View Details
    • $515,000
      1,571 SF

      Gaithersburg Office Space For Sale

      Class A Office, 1571 sq ft, $515,000
      17b Firstfield Rd, Gaithersburg, MD 20878
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,263 SF

      Kentlands Market Square Retail Space

      Retail space available in Kentlands Market Square shopping center.
      122 Kentlands Blvd, Gaithersburg, MD 20878
      View Details
    • Contact for pricing
      11,146 SF

      Retail Space in Kentlands Center

      Retail space in mixed-use development, easily accessible from Highway 270.
      116 Main St, Gaithersburg, MD 20878
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Kentlands

      Retail space available in a community shopping center.
      644 Center Point Way, Gaithersburg, MD 20878
      View Details
    • Contact for pricing
      2,632 SF

      Gaithersburg Shopping Center Space

      Giant-anchored shopping center in Gaithersburg, Maryland available for rent.
      78 Bureau Dr, Gaithersburg, MD 20878
      View Details
    • Contact for pricing

      Retail Space in Downtown Crown

      Mixed-use project in Gaithersburg, Maryland with retail and dining.
      303 Copley Placde, Gaithersburg, MD 20878
      View Details
    • Contact for pricing
      1,802 SF

      Retail Space in Kentlands Market

      Retail space available in a community shopping center.
      204 Market St E, Gaithersburg, MD 20878
      View Details
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    104 Main St
    Gaithersburg, MD 20878-5573
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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