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Property profile & analytics
OFF-MARKET
Estimated value
$122,600,000
Apartment buildings
1st Rd, Gaithersburg, MD 20878
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1687193
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1973
Total area
211,700 SF
Lot
7.27 ac (316,681 SF)
Zoning code
MXD
APN
09-02899812
UPID
US40-1687193
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$122.60M
Owner & transaction history
Bridge Wf II Md Gateway LLC · 4 yrs held
Bridge Wf II Md Gateway LLC
since 2021
Last sale
$157.0M
5 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
$147,215,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$122.60M
Range $110.34M – $134.86M · ±10% · vs last sale $157.00M (Aug 17 2021)
Last sale anchor
$157.00M
Aug 17 2021
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
$579 / 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
$393,690
Tax year 2022
Assessed value
$31,118,800
Assessed 2023
Previous assessed
$31,118,800
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$6,118,200
Assessed improvement
$25,000,600
Land market value
$6,118,200
Improvement market value
$25,000,600
Total market value
$31,118,800
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
1973
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Units
216
Total area
211,700 SF
Lot
7.27 ac (316,681 SF)
Zoning code
MXD
APN
09-02899812
UPID
US40-1687193
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.
Building & site characteristics
From public records
Year built
1973
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
216
Lot
7.27 ac
Current owner
From public records · entity-resolved
Bridge Wf II Md Gateway LLC
Entity
Mailing address
111 E SEGO LILY # 999TH WATERSIDE DR STE #400, NORFOLK, VA 23510
Ownership since
2021
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
Aug 17, 2021
$157,000,000
Bridge Wf II Md Gateway LLC
Jefferson At Orchard Pond Gardens A
Special Warranty Deed
$117,750,000 · Cbre Capital Markets INC
May 13, 2019
—
Jefferson At Orchard Pond Gard
—
Grant Deed
related
$99,520,000 · Cbre Cap Markets
Oct 23, 2015
$108,500
Jefferson At Orchard Pond Gard
893 Clopper Road Investors LLC
Grant Deed
$86,800,000 · Bank Of America
Feb 5, 2002
—
893 Clopper Road Investors LLC
—
Deed Of Trust
related
$30,750,000 · Columbia Natl Real Est Financ
Jun 29, 2001
—
893 Clopper Road Investors
Aetna Life Insurance Co
Grant Deed
related
—
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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