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Property profile & analytics
OFF-MARKET
Strip malls
3 Russell Ave, Gaithersburg, MD 20877-2961
Trust Owned
22-yr Hold
Free & Clear
Property ID
US40-0892818
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
BRICK
Total area
3,889 SF
Lot
0.5 ac (21,631 SF)
Zoning code
CBD
APN
09-02744134
UPID
US40-0892818
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
-
Thornton Detox Resource Medical Clinic
-
La Frontera Restaurant
-
Dinora's Hair Designs Hair Salon Nail Salon
-
Taco Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Covell Trust · 22 yrs held
Covell Trust
since 2004
6 recorded transactions
Zoning & alternative use
CBD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,064
Tax year 2022
Assessed value
$1,307,300
Assessed 2023
Previous assessed
$1,307,300
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$417,900
Assessed improvement
$889,400
Land market value
$417,900
Improvement market value
$889,400
Total market value
$1,307,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
3,889 SF
Lot
0.5 ac (21,631 SF)
Zoning code
CBD
APN
09-02744134
UPID
US40-0892818
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CBD · Gaithersburg, MD
Zoning CBD · permitted uses
CBD · 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
1988
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Covell Trust
Trust
Free & Clear · 22 yrs held
Mailing address
5828 WINEGROVE CT, DERWOOD, MD 20855-2427
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2017
—
Covell Family Trust
—
Deed
related
$575,000 · Navy FCU
Jun 23, 2004
—
Covell Trust
Covell,mary T
Quit Claim Deed
related
—
—
—
Mary T Covell
—
Deed Of Trust
related
$650,000 · Maryland Federal Bank
—
—
Charles L Covell
—
Deed Of Trust
related
$59,572 · Eagle Bank
—
—
Covell Family Trust
—
Deed Of Trust
related
$575,000 · Navy FCU
—
—
Charles L Covell
—
Deed Of Trust
related
$650,000 · Eagle Bank
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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