Property profile

15 Park Ave Gaithersburg, MD 20877

OFF-MARKET
Office buildings
Property ID
US40-0080413
1,800 SF 0.35 ac lot Built 1914
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1914
Construction BRICK
Total area 1,800 SF
Lot 0.35 ac (15,100 SF)
Zoning code CBD
APN 09-00843887
UPID US40-0080413

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
  • Environmental Consultant
  • Insurance Agency
  • Consultant

Location

15 Park Ave Gaithersburg, MD 20877-2915
Gaithersburg metro Census 700723 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
$581k
Blend (final) Blend
$645k

Owner & transaction history

since 2021
Last sale
$690,000
5 recorded transactions
2021
$690,000
2018
Price N/A
2007
$870,000
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
Top alternative use upside
Retail stores $995,000 +124.2%
Warehouse, storage $565,000 +27.0%
Commercial (general) $545,000 +22.7%

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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