Property profile

227 E Diamond Ave Gaithersburg, MD 20877

FOR SALE
Turn key restaurants
Property ID
US40-0097414
9,200 SF 0.13 ac lot Built 1903
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A 9,300-square-foot restaurant property configured with two floors plus mezzanine seating, offering both indoor and outdoor dining areas and a stage on the second floor suitable for live entertainment. Elevator access serves all three levels. The space includes installed brewery equipment and barrels that are operational in place. The property has undergone recent renovations, including upgrades to utilities and building systems, and is equipped with kitchen equipment, fixtures, and furniture.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1903
Construction BRICK
Total area 9,200 SF
Lot 0.13 ac (5,628 SF)
Zoning code CBD
APN 09-02622152
UPID US40-0097414

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
  • Bar & Pub Restaurant

Location

227 E Diamond Ave Gaithersburg, MD 20877
Gaithersburg metro Census 700723 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.95M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.46M
Blend (final) Blend
$2.95M

Owner & transaction history

since 2024
Last sale
$3.0M
7 recorded transactions
2024
$3.0M
2024
Price N/A
2022
$1.5M
2015
$1.0M
2006
$1.5M
1999
$1.3M
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

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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