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Property profile & analytics
OFF-MARKET
Estimated value
$5,935,000
Office buildings
177 Kentlands Blvd Gaithersburg, MD 20878-6502
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0766344
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
BRICK
Total area
24,000 SF
Lot
1.11 ac (48,216 SF)
Zoning code
MXD
APN
09-03266902
UPID
US40-0766344
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
-
Village Settlements Inc. Law Firm
-
Noodles and Company Restaurant
-
Amazing Beauty and Brows Hair Salon Nail Salon
-
Popeyes Restaurant
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.84M
CAP Approach
CAP
$4.82M
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$5.94M
Owner & transaction history
Bar T Rental LLC · 3 yrs held
Bar T Rental LLC
since 2022
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
MXD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.5M
+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
$6,005,000
ML approach
$5,835,000
CAP Approach
CAP Return
Estimation
6%
$5,215,000
6.5%
$4,815,000
7%
$4,470,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,010,000
Current use
WAREHOUSE, STORAGE
$7,510,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$5.94M
Range $5.34M – $6.53M · ±10% · vs last sale $6.90M (Dec 22 2022)
Last sale anchor
$6.90M
Dec 22 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
$247 / 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
$68,776
Tax year 2022
Assessed value
$5,125,900
Assessed 2023
Previous assessed
$5,125,900
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$931,500
Assessed improvement
$4,194,400
Land market value
$931,500
Improvement market value
$4,194,400
Total market value
$5,125,900
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
2002
Construction
BRICK
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
24,000 SF
Lot
1.11 ac (48,216 SF)
Zoning code
MXD
APN
09-03266902
UPID
US40-0766344
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
OFFICE BUILDING Current
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$7.5M
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
2002
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Bar T Rental LLC
Entity
Mailing address
18753 N FREDERICK AVE STE #203, GAITHERSBURG, MD 20879-3124
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
$6,900,000
Bar T Rental LLC
Amafhh Holdings Kentlands LLC
Deed
$4,830,000 · Sandy Spring Bank
Apr 27, 2017
$7,650,000
Amafhh Holdings Kentlands LLC
Fjl Kentlands LLC
Deed
$6,500,000 · Summit Community Bank
Aug 5, 2011
—
Fjl Kentlands LLC
—
Deed Of Trust
related
$1,025,000 · Revere Bank
May 27, 2003
$449,900
Naipei Bi
Wu,xiaobin & Wei W
Grant Deed
related
$322,700 · Washington Mutual Fsb
Feb 13, 2002
$730,000
Fjl Kentlands LLC
Great Seneca Development Corp
Grant Deed
$3,360,000 · Potomac Valley Bank
—
—
Fjl Kentlands LLC
—
Deed Of Trust
related
$270,000 · Mercantile Potomac Bank
—
—
Fjl Kentlands LLC
—
Deed Of Trust
related
$382,682 · Mercantile Potomac Bank
—
—
Fjl Kentlands LLC
—
Deed Of Trust
related
$230,050 · Potomac Valley Bank
—
—
Fjl Kentlands LLC
—
Deed Of Trust
related
$536,285 · Potomac Valley Bank
—
—
Fjl Kentlands LLC
—
Deed Of Trust
related
$400,000 · Potomac Valley Bank
—
—
Fjl Kentlands LLC
—
Deed Of Trust
related
$300,000 · Potomac Valley Bank
—
—
Fjl Kentlands LLC
—
Deed Of Trust
related
$100,000 · Pnc Bank
—
—
Fjl Kentlands LLC
—
Deed Of Trust
related
$4,496,000 · Revere Bank
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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