Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    311 Frederick Ave Gaithersburg, MD 20877-2328

    • Retail residential properties
    • 1,433 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    5.6%
    Retail residential properties
    Location Intelligence
    Property ID
    US40-0477112
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail residential properties

    Property Details for 311 Frederick Ave

    Year built
    1956
    Construction
    BRICK
    Lot size
    0.27 lot acres
    Property size
    1,433 SF
    Zone code
    CD
    Property type
    Retail residential properties
    APN
    09-00833503
    APU
    900833503

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $320,000
      6.5%
      $300,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $567,000
      Market price range: $217k - $592k
      AI Estimate
      $378,000
      Market price range: $237k - $385k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1927
    Latitude
    39.1371
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $716
    $227,000
    $217,100
    $444,100
    -
    $227,000
    $217,100
    $444,100

    Comparable in this City

    • Value Estimation
      $365,000
      2,344 SF

      115 Chestnut St

      STORES & APARTMENTS • 2,344 SF
      115 Chestnut St, Gaithersburg, MD 20877-2101
      View Details
    • Value Estimation
      $460,000
      1,608 SF

      16501 Walnut Hl Rd

      STORES & APARTMENTS • 1,608 SF
      16501 Walnut Hl Rd, Gaithersburg, MD 20877-1227
      View Details
    • Value Estimation by Request
      1,575 SF

      436 Diamond Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,575 SF
      436 Diamond Ave, Gaithersburg, MD 20877-3018
      View Details
    • Value Estimation
      $1,655,000
      5,149 SF

      200 Diamond Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,149 SF
      200 Diamond Ave, Gaithersburg, MD 20877-3014
      View Details
    • Value Estimation
      $870,000
      1,700 SF

      Odendhal Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,700 SF
      Odendhal Ave, Gaithersburg, MD 20877
      View Details
    • Value Estimation
      $685,000
      14,896 SF

      226 Diamond Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 14,896 SF
      226 Diamond Ave, Gaithersburg, MD 20877-3014
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      57,934 SF

      Mixed-Use Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Old Towne Gaithersburg, Montgomery County, MD.
      206-226 E Diamond Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      1.37 Acres

      Gaithersburg Office Space - 1325 SF

      Lower level office, ample storage. Ideal for small business.
      15 Deer Park Dr, Gaithersburg, MD 20877
      View Details
    • $775,000
      17,678 SF

      Gaithersburg CBD Development Site

      Prime location, high-density zoning, development potential.
      106 Summit Ave, Gaithersburg, MD 20877
      View Details
    • $690,000

      Redevelopment Opportunity in Downtown Gaithersburg

      Prime 0.27-acre lot suitable for commercial or mixed-use development.
      403 E Diamond Ave, Gaithersburg, MD 20877
      View Details
    • $520,000

      Shady Grove Office Condo Package

      Versatile commercial space in Shady Grove Professional Park.
      8909-8911 Shady Grove Ct, Gaithersburg, MD 20877
      View Details
    • $775,000

      Land For Sale Gaithersburg

      Land available for sale in Gaithersburg, Maryland.
      106 N Summit Ave, Gaithersburg, MD 20877
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,690 SF

      Mixed-Use Retail Destination

      Retail component of a large, mixed-use community in Gaithersburg, MD.
      203 Crown Park Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      3,527 SF

      Mixed-Use Destination in Gaithersburg, MD

      Energetic mixed-use destination with nationally recognized brands and unique shops.
      113 Ellington Blvd, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      2,346 SF

      Mixed-Use Destination in Gaithersburg, MD

      Energetic mixed-use destination with nationally recognized brands and unique shops.
      204 Ellington Blvd, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      3,540 SF

      Retail Space in Mixed-Use Community

      Retail space available in a vibrant mixed-use community.
      301 Ellington Blvd, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      2,100 SF

      270 Center Retail Space Available

      Gaithersburg retail space, 2100 sq ft.
      15790 Shady Grove Rd, Gaithersburg, MD 20877
      View Details
    • $1,600 /Mo
      30,928 SF

      Office Space in Gaithersburg, MD

      Office space for lease in Gaithersburg, Maryland.
      431 N Frederick Ave, Gaithersburg, MD 20877
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    311 Frederick Ave
    Gaithersburg, MD 20877-2328
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.