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Property profile & analytics
OFF-MARKET
Estimated value
$7,685,000
Office buildings
12 Smt Ave Gaithersburg, MD 20877-2089
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1177894
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
66,000 SF
Lot
0.58 ac (25,070 SF)
Zoning code
CBD
APN
09-03266844
UPID
US40-1177894
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Better Books 360 Big Box & Wholesale Store Media Distribution
-
Care Systems (Bike/Boat/Book/etc) Store Corporate Office
-
Spectrum Technology Group Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Ariadne (Bike/Boat/Book/etc) Store Corporate Office
-
IPLANS America LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.35M
Blend (final)
Blend
$7.69M
Owner & transaction history
The City Of Gaithersburg · 2 yrs held
The City Of Gaithersburg
since 2023
Last sale
$7.0M
3 recorded transactions
Zoning & alternative use
CBD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gaithersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gaithersburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,920,000
ML approach
$7,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.69M
Range $6.92M – $8.45M · ±10% · vs last sale $7.00M (Nov 14 2023)
Last sale anchor
$7.00M
Nov 14 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$116 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$92,881
Tax year 2022
Assessed value
$5,732,100
Assessed 2023
Previous assessed
$5,732,100
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$314,800
Assessed improvement
$5,417,300
Land market value
$314,800
Improvement market value
$5,417,300
Total market value
$5,732,100
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
4
Units
1
Total area
66,000 SF
Lot
0.58 ac (25,070 SF)
Zoning code
CBD
APN
09-03266844
UPID
US40-1177894
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CBD · Gaithersburg, MD
Zoning CBD · permitted uses
CBD · Gaithersburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gaithersburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
4
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
The City Of Gaithersburg
Entity
Mailing address
31 S SMT AVE, GAITHERSBURG, MD 20877-2038
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
$7,000,000
The City Of Gaithersburg
Longacre III LLC
Special Warranty Deed
—
Aug 18, 1999
$168,348
Longacre III LLC
Southern States Cooperative
Grant Deed
—
—
—
Longacre II LLC
—
Deed Of Trust
related
$7,500,000 · Private Lender
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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