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Property profile & analytics
OFF-MARKET
Estimated value
$41,120,000
Office buildings
1201 Clopper Rd Gaithersburg, MD 20878-4000
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-1357286
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
BRICK
Total area
147,135 SF
Lot
8.16 ac (355,666 SF)
Zoning code
I3
APN
09-03484006
UPID
US40-1357286
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
-
Lentigen Corporation Industrial Manufacturer Production Facility
-
Miltenyi North America, Inc. Corporate Office
-
Shershenovich Jane Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$51.87M
Blend (final)
Blend
$41.12M
Owner & transaction history
Miltenyi Biotec N America INC · 7 yrs held
Miltenyi Biotec N America INC
since 2018
5 recorded transactions
Zoning & alternative use
I3 · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$46.1M
+7.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$42,985,000
Current use
WAREHOUSE, STORAGE
$46,050,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$41.12M
Range $37.01M – $45.23M · ±10%
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
$279 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$716,970
Tax year 2024
Assessed value
$53,265,500
Assessed 2024
Previous assessed
$53,265,500
+0.0% YoY
Effective rate
1.35%
On assessed value
Land market value
$4,157,700
Improvement market value
$67,293,600
Total market value
$71,451,300
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
1999
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
147,135 SF
Lot
8.16 ac (355,666 SF)
Zoning code
I3
APN
09-03484006
UPID
US40-1357286
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
I3 · Gaithersburg, MD
Zoning I3 · permitted uses
I3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$43.0M
WAREHOUSE, STORAGE
Est. value
$46.1M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
8.16 ac
Current owner
From public records · entity-resolved
Miltenyi Biotec N America INC
Entity
Mailing address
1201 CLOPPER RD STE #200, GAITHERSBURG, MD 20878-4000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2018
$28,250,000
Miltenyi Biotec N America INC
Ip9 1201 Clopper Road LLC
Trustees Deed
$29,500,000 · Kreissp A Koeln
Feb 27, 2017
—
Ip9 1201 Clopper Road LLC
—
Deed
related
$23,700,000 · Midcap Financial Trust
Oct 5, 2016
—
Ip9 1201 Clopper Road
—
Grant Deed
related
$9,000,000 · Bpg Investment Ptshp Ix LP
Mar 20, 2013
$17,731,309
Ip9 1201 Clopper Road LLC
Are-metropolitan Grove I LLC
Grant Deed
$9,000,000 · Are-metropolitan Grove I LLC
Apr 12, 2006
$100
Are-metropolitan Grove I LLC
Are-30 West Watkins LLC
Quit Claim Deed
related
—
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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