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Property profile & analytics
OFF-MARKET
Estimated value
$93,595,000
Apartment buildings
17 Barkley Ln, Gaithersburg, MD 20877-6329
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1415384
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2010
Total area
417,256 SF
Lot
6.05 ac (263,450 SF)
Zoning code
CD
APN
09-03637604
UPID
US40-1415384
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
-
17 Barkley Apartment Building Apartment Rental Agency
-
Highland Square Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$105.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$93.60M
Owner & transaction history
17 Barkley LLC · 3 yrs held
17 Barkley LLC
since 2022
Last sale
$93.5M
6 recorded transactions
Zoning & alternative use
CD · 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
$81,380,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$114,825,000
6.5%
$105,990,000
7%
$98,420,000
Blend value · Realmo final
$93.60M
Range $84.24M – $102.95M · ±10% · vs last sale $93.50M (Oct 11 2022)
Last sale anchor
$93.50M
Oct 11 2022
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
$224 / 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
$810,866
Tax year 2022
Assessed value
$65,791,000
Assessed 2023
Previous assessed
$65,791,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,289,300
Assessed improvement
$63,501,700
Land market value
$2,289,300
Improvement market value
$63,501,700
Total market value
$65,791,000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2010
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
9
Stories
4
Units
315
Total area
417,256 SF
Lot
6.05 ac (263,450 SF)
Zoning code
CD
APN
09-03637604
UPID
US40-1415384
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CD · Gaithersburg, MD
Zoning CD · permitted uses
CD · 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
2010
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
9
Units
315
Lot
6.05 ac
Current owner
From public records · entity-resolved
17 Barkley LLC
Entity
Mailing address
777 CALIFORNIA AVE, PALO ALTO, CA 94304-1179
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$93,500,000
17 Barkley LLC
Fairfield Highland Square LLC
Special Warranty Deed
$46,750,000 · Pacific Multifamily Investors LLC
Nov 19, 2018
—
Fairfield Highland Square LLC
—
Deed
related
$42,969,000 · Regions Bank
Feb 1, 2017
$58,800,000
Fairfield Highland Square LLC
Spus6 Highland Square LP
Special Warranty Deed
$39,900,000 · Regions Bank
Nov 28, 2012
—
Spus6 Highland Square LP
—
Deed Of Trust
related
$41,145,000 · Bank Of America California NA
Oct 23, 2012
$63,500,000
Spus6 Highland Square LP
Fairfield West Deer Park LLC
Grant Deed
—
—
—
Spus6 Highland Square LP
—
Loan Modification
related
$41,145,000 · Bank Of America
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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