Property profile

316 Diamond Ave Gaithersburg, MD 20877

OFF-MARKET
Office buildings
Property ID
US40-0302851
4,800 SF 0.19 ac lot Built 1934
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1934
Construction BRICK
Total area 4,800 SF
Lot 0.19 ac (8,422 SF)
Zoning code CBD
APN 09-03639352
UPID US40-0302851

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
  • Law Firm
  • Law Firm
  • Law Firm

Location

316 Diamond Ave Gaithersburg, MD 20877-3016
Gaithersburg metro Census 700725 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.55M
CAP Approach CAP
$965k
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$1.55M

Owner & transaction history

since 2024
Last sale
$1.6M
6 recorded transactions
2024
$1.6M
2023
Price N/A
2005
Price N/A
2002
Price N/A
1969
Price N/A
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
Top alternative use upside
Warehouse, storage $1.5M +27.0%
Commercial (general) $1.5M +22.7%

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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