Property profile

203 Brookes Ave Gaithersburg, MD 20877

OFF-MARKET
Office buildings
Property ID
US40-0048267
3,512 SF 0.39 ac lot Built 1900
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Construction BRICK
Total area 3,512 SF
Lot 0.39 ac (17,000 SF)
Zoning code CBD
APN 09-00843318
UPID US40-0048267

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Factory Industrial Manufacturer
  • Consultant

Location

203 Brookes Ave Gaithersburg, MD 20877-2901
Gaithersburg metro Census 700723 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.21M
CAP Approach CAP
$705k
Comparable Approach Comparable
$990k
Blend (final) Blend
$985k

Owner & transaction history

since 2020
Last sale
$850,000
7 recorded transactions
2020
$850,000
2003
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CBD · Gaithersburg, MD
Zoning description

The purpose of CBD Zone is intended to foster revitalization by promoting a desirable mix of commercial, office and residential uses, and providing public amenities, for attracting a variety of leisure uses and activitie…

General category COMMERCIAL
Top alternative use upside
Warehouse, storage $1.1M +27.0%
Commercial (general) $1.1M +22.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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