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Property profile & analytics
OFF-MARKET
Estimated value
$20,640,000
Distribution centers
15740 Shady Grv Rd, Gaithersburg, MD 20877-1450
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-2399707
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1994
Total area
102,190 SF
Lot
7.55 ac (328,974 SF)
Zoning code
MXD
APN
09-03032354
UPID
US40-2399707
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
-
Truck Rental Center at The Home Depot Car Rental Facility
-
Garden Center at The Home Depot Garden Center
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
-
Home Services at The Home Depot HVAC Service General Contractor
-
The Home Depot Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.64M
Owner & transaction history
Home Depot USA INC · 3 yrs held
Home Depot USA INC
since 2023
7 recorded transactions
Zoning & alternative use
MXD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,605,000
6.5%
$19,940,000
7%
$18,515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$31,985,000
Current use
COMMERCIAL (GENERAL)
$30,885,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$20.64M
Range $18.58M – $22.70M · ±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
$202 / 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
$380,648
Tax year 2022
Assessed value
$26,070,200
Assessed 2023
Previous assessed
$26,070,200
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$10,803,500
Assessed improvement
$15,266,700
Land market value
$10,803,500
Improvement market value
$15,266,700
Total market value
$26,070,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1994
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
102,190 SF
Lot
7.55 ac (328,974 SF)
Zoning code
MXD
APN
09-03032354
UPID
US40-2399707
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXD · Gaithersburg, MD
Zoning MXD · permitted uses
MXD · 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
WAREHOUSE, STORAGE Current
Est. value
$32.0M
COMMERCIAL (GENERAL)
Est. value
$30.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1994
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
7.55 ac
Current owner
From public records · entity-resolved
Home Depot USA INC
Entity
Mailing address
2455 PACES FRY RD SEC-19, ATLANTA, GA 30339-6444
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2023
—
Home Depot USA INC
Trt 270 Center Owner LLC
Deed
—
Feb 17, 2023
$55,500,000
Home Depot USA INC
Trt 270 Center Owner LLC
Special Warranty Deed
—
Apr 9, 2009
$65,000,000
Trt 270 Center Owner LLC
Clpf Shady Grove Retail
Grant Deed
—
Apr 9, 2009
—
Trt 270 Center Owner LLC
—
Deed Of Trust
related
$42,000,000 · Metropolitan Life Insurance
Apr 15, 2004
$68,665,000
Clpf-shady Grove Retail LP
Jamestown Shady Grove
Grant Deed
—
Aug 6, 1997
$19,000,000
Jamestown Shady Grove LP
Shady Grove Road Associates LP
Grant Deed
related
$15,000 · Westdeutsche Immobilianbank
—
—
Trt 270 Center Holdigns LLC
—
Deed Of Trust
related
$38,731,305 · Dpf Loc Lender LLC
—
—
Trt 270 Center Owner LLC
—
Deed Of Trust
related
$70,000,000 · Miscellaneous Ins Co
—
—
Clpf-shady Grove Retail LP
—
Deed Of Trust
related
$42,000 · Metropolitan Life Insurance
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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