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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Office buildings
32 Frederick Ave, Gaithersburg, MD 20877-2390
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US40-1506725
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
BRICK
Total area
5,328 SF
Lot
0.68 ac (29,620 SF)
Zoning code
CD
APN
09-02344714
UPID
US40-1506725
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
-
Chung Dental Lab Dental Office
-
Atlantic Travel & Tours Travel Agency
-
Goosehead Insurance - Cristina Morales Insurance Agency
-
Your Space Salon Hair Salon
-
Goosehead Insurance - Cristina Morales Lopez Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.22M
Owner & transaction history
28/32 S Frederick Ave LLC · 12 yrs held
28/32 S Frederick Ave LLC
since 2014
4 recorded transactions
Zoning & alternative use
CD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.7M
+27.0%
Commercial (general)
$1.6M
+22.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$990,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,315,000
Current use
WAREHOUSE, STORAGE
$1,670,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,610,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10%
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
$229 / 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
$17,960
Tax year 2022
Assessed value
$1,353,900
Assessed 2023
Previous assessed
$1,273,433
+6.3% YoY
Effective rate
1.33%
On assessed value
Assessed land
$515,000
Assessed improvement
$838,900
Land market value
$515,000
Improvement market value
$838,900
Total market value
$1,353,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
5,328 SF
Lot
0.68 ac (29,620 SF)
Zoning code
CD
APN
09-02344714
UPID
US40-1506725
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
OFFICE BUILDING Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1984
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
28/32 S Frederick Ave LLC
Entity
Mailing address
18929 PREMIERE CT, GAITHERSBURG, MD 20879-1575
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
—
2b 32 S Frederick Ave LLC
—
Deed
related
$800,000 · Sandy Spring Bank
Apr 7, 2014
$850,000
28/32 S Frederick Ave LLC
Phillip Karasik
Deed
—
Jun 26, 2002
$950,000
Gary A Daigle
Armstrong,jane P Tr
Grant Deed
$850,000 · Philbrick Trust
—
—
Gary A Daigle SR.
—
Deed Of Trust
related
$950,000 · Greenpoint Mortgage Funding
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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