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Property profile & analytics
FOR LEASE
Retail space
300 N Frederick Ave, Gaithersburg, MD 20877
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2308588
For Lease
1 / 2
$5,750,000
300 N Frederick Ave, Gaithersburg, MD 20877
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
BRICK
Total area
5,520 SF
Lot
6.57 ac (286,189 SF)
Zoning code
CD
APN
09-00821380
UPID
US40-2308588
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
-
The Vitamin Shoppe (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.53M
Blend (final)
Blend
$5.75M
Owner & transaction history
Gaithersburg Commons LLC · 4 yrs held
Gaithersburg Commons LLC
since 2022
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
CD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+118.4%
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
Method
Estimation
Statistic approach
$5,395,000
ML approach
$5,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,660,000
Change: +118% · Conversion: Easy
Blend value · Realmo final
$5.75M
Range $5.18M – $6.33M · ±10% · vs last sale $6.20M (Jun 24 2022)
Last sale anchor
$6.20M
Jun 24 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,042 / 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
$219,534
Tax year 2022
Assessed value
$15,006,000
Assessed 2023
Previous assessed
$15,006,000
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$5,806,700
Assessed improvement
$9,199,300
Land market value
$5,806,700
Improvement market value
$9,199,300
Total market value
$15,006,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1976
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
5,520 SF
Lot
6.57 ac (286,189 SF)
Zoning code
CD
APN
09-00821380
UPID
US40-2308588
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CD · Gaithersburg, MD
Zoning CD · permitted uses
CD · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.7M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
6.57 ac
Current owner
From public records · entity-resolved
Gaithersburg Commons LLC
Entity
Mailing address
42 BAYVIEW AVE, MANHASSET, NY 11030-1806
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
$24,450,000
Gaithersburg Commons LLC
Ch Realty III Gaitherstowne LLC
Special Warranty Deed
related
$17,115,000 · Flushing Bank
Sep 26, 2017
—
Ch Realty III Gaitherstowne LLC
—
Deed
related
$16,000,000 · Pnc Bank NA
Aug 10, 2005
$17,725,000
Ch Realty III Of Gaitherstowne LLC
Gaitherstowne Plaza LLC
Grant Deed
related
—
Dec 31, 1997
$6,200,000
Gaitherstowne Plaza LLC
Wingham Co INC
Trustees Deed
—
Dec 31, 1997
—
Gaitherstowne Plaza LLC
—
Grant Deed
related
$5,300,000 · Mercantile-safe Deposit & Trus
—
—
Ch Realty III Of Gaitherstown LLC
—
Deed Of Trust
related
$12,500,000 · Bank Of America
—
—
Gaitherstowne Plaza LLC
—
Deed Of Trust
related
$6,900,000 · Lehman Capital Corp
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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