New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,270,000
Warehouses
18954 Bonanza Way Gaithersburg, MD 20879
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-2376072
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
BRICK
Total area
27,700 SF
Lot
1.21 ac (52,708 SF)
Zoning code
IL1.0
APN
01-02509410
UPID
US40-2376072
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
-
Deo Valente Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.27M
Owner & transaction history
Airpark Place LP · 21 yrs held
Airpark Place LP
since 2004
5 recorded transactions
Zoning & alternative use
IL1.0 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$154 / 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
$40,916
Tax year 2022
Assessed value
$3,103,900
Assessed 2023
Previous assessed
$2,982,400
+4.1% YoY
Effective rate
1.32%
On assessed value
Land market value
$822,200
Improvement market value
$2,524,700
Total market value
$3,346,900
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
27,700 SF
Lot
1.21 ac (52,708 SF)
Zoning code
IL1.0
APN
01-02509410
UPID
US40-2376072
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IL1.0 · Gaithersburg, MD
Zoning 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
Gaithersburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Airpark Place LP
Entity
Mailing address
55 5TH AVE FL, NEW YORK, NY 10003-4301
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
—
Airpark Equities LLC
—
Deed
related
$5,500,000 · Flushing Bank
Jun 29, 2016
—
Airpark Equities LLC
—
Deed
related
$5,500,000 · Byline Bk
Aug 5, 2004
$9,800,000
Airpark Place LP
Airpark Place
Grant Deed
related
—
May 21, 2002
—
Airpark Place LP
—
Deed Of Trust
related
$3,230,000 · Branch Banking & Trust Co
—
—
Airpark Equities LLC
—
Deed Of Trust
related
$5,500,000 · Byline Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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