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Property profile & analytics
OFF-MARKET
Estimated value
$17,485,000
Warehouses
18920 Earhart Ct Gaithersburg, MD 20879-5509
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US40-0822409
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
BRICK
Total area
87,812 SF
Lot
3.9 ac (169,691 SF)
Zoning code
IL1.0
APN
01-02645767
UPID
US40-0822409
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
-
Extreme car wash Car Wash
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.49M
Owner & transaction history
Storage Portfolio I LLC · 27 yrs held
Storage Portfolio I LLC
since 1999
7 recorded transactions
Zoning & alternative use
IL1.0 · Gaithersburg, MD
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
WAREHOUSE, STORAGE
$27,485,000
Current use
COMMERCIAL (GENERAL)
$23,135,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$17.49M
Range $15.74M – $19.23M · ±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
$199 / 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
$131,011
Tax year 2022
Assessed value
$12,713,200
Assessed 2023
Previous assessed
$10,731,500
+18.5% YoY
Effective rate
1.03%
On assessed value
Land market value
$2,647,100
Improvement market value
$14,029,500
Total market value
$16,676,600
Applied tax rate
42.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
87,812 SF
Lot
3.9 ac (169,691 SF)
Zoning code
IL1.0
APN
01-02645767
UPID
US40-0822409
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IL1.0 · Gaithersburg, MDZoning IL1.0 · permitted uses
IL1.0 · Gaithersburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$27.5M
COMMERCIAL (GENERAL)
Est. value
$23.1M
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
1988
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
Storage Portfolio I LLC
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2020
—
Sba 2012 Tc Assets LLC
—
Deed
related
—
Feb 26, 2018
—
Storage Portfolio I LLC
—
Deed
related
$229,000 · Bank Of America NA
Jun 23, 2017
—
Sba Monarch Towers I LLC
—
Loan Modification
related
—
Apr 26, 2011
—
Storage Portfolio I LLC
—
Deed Of Trust
related
$100,000,000 · Prudential Insurance Co
Jun 14, 1999
$3,100,000
Storage Portfolio I LLC
Susa Partnership LP
Grant Deed
$3,100,000 · Sunamerica Life Insurance Co
—
—
Sba Monarch Towers I LLC
—
Deed Of Trust
related
$3,170,000 · Deutsche Bk Tr Co Americas
—
—
Sba 2012 Tc Assets LLC
—
Loan Modification
related
—
—
—
Sba 2012 Tc Assets LLC
—
Loan Modification
related
—
—
—
Sba 2012 Tc Assets LLC
—
Loan Modification
related
—
—
—
Storage Portfolio I LLC
—
Deed Of Trust
related
$115,000 · Sunamerica Life Insurance Co
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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