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Property profile & analytics
OFF-MARKET
Estimated value
$5,450,000
Medical Office Space
21044 Frederick Rd Germantown, MD 20876-4132
Entity Owned
Free & Clear
Property ID
US40-1703297
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
BRICK
Total area
6,060 SF
Lot
1.39 ac (60,548 SF)
Zoning code
CRT2.
APN
02-03148118
UPID
US40-1703297
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
-
Eyako Wurapa Pediatrician Physician
-
Rafai Asghar Bukhari Pediatrician Physician
-
Patient First Primary and Urgent Care - Germantown Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.45M
Owner & transaction history
Pfgt LLC
Pfgt LLC
since 2026
Last sale
$5.5M
5 recorded transactions
Zoning & alternative use
CRT2. · Germantown, 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 Germantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Germantown 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
$899 / 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
$32,498
Tax year 2022
Assessed value
$2,769,533
Assessed 2023
Previous assessed
$2,717,200
+1.9% YoY
Effective rate
1.17%
On assessed value
Land market value
$1,089,800
Improvement market value
$1,784,400
Total market value
$2,874,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
1
Units
1
Total area
6,060 SF
Lot
1.39 ac (60,548 SF)
Zoning code
CRT2.
APN
02-03148118
UPID
US40-1703297
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT2. · Germantown, MDZoning CRT2. · permitted uses
CRT2. · Germantown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Pfgt LLC
Entity
Free & Clear · 0 yrs held
Mailing address
15942 SHADY GRV RD, GAITHERSBURG, MD 20877-1315
Ownership since
2026
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
Feb 11, 2026
$5,450,000
Pfgt LLC
Germantown Restaurant Holdings LLC
Deed
—
Aug 22, 2019
—
Germantown Restaurant Hldgs Ll
—
Deed
related
$3,500,000 · Burke & Herbert Bk&tr
Sep 27, 2017
$1,700,000
Germantown Restaurant Holdings
Ber Real Estate Invs I LLC
Grant Deed
$1,275,000 · Burke & Herbert Bk&tr
Aug 18, 2017
$2,716,080
Ber Real Estate Investments I LLC
Bob Evans Farms LLC
Special Warranty Deed
$200,000,000 · Wells Fargo Bank NA
—
—
Germantown Restaurant Hldgs Ll
—
Loan Modification
related
$3,500,000 · Burke & Herbert Bk&tr
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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