Property profile

232 Main St Gaithersburg, MD 20878

OFF-MARKET
Office buildings
Property ID
US40-2322222
2,880 SF 0.03 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction BRICK
Total area 2,880 SF
Lot 0.03 ac (1,112 SF)
Zoning code MXD
APN 09-03223721
UPID US40-2322222

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
  • Nail Salon
  • Real Estate Agency
  • Clothing & Fashion Store
  • Hair Salon
  • Hair Salon

Location

232 Main St Gaithersburg, MD 20878-5543
Gaithersburg metro Census 700826 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$915k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$865k

Owner & transaction history

since 2022
Last sale
$996,000
7 recorded transactions
2022
$996,000
2004
Price N/A
2000
$468,994
1998
$945,750
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MXD · Gaithersburg, MD
Zoning description

The purpose of MXD zone is to provide a more flexible approach to the comprehensive design and development of multi use projects

General category MIXED_USE
Top alternative use upside
Retail stores $1.6M +89.1%
Warehouse, storage $900,000 +7.1%

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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