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    Property profile & analytics

    350 Christopher Ave Gaithersburg, MD 20879-3607

    • Warehouses
    • 57,750 SF
    • 4.85 lot acres
    OFF-MARKET
    Value Estimations
    $8,375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1297655
    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

    • Abbey Olusanya - State Farm Insurance Agent / Insurance Agency
    • Unisoft Technology Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • gogreenow / General Contractor
    • Schaefer Construction Management Inc / Construction Company

    Property Details for 350 Christopher Ave

    Year built
    1987
    Construction
    BRICK
    Lot size
    4.85 lot acres
    Property size
    57,750 SF
    Zone code
    E1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    09-02621294
    APU
    902621294

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,215,000
      6.5%
      $8,510,000
      7%
      $7,900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2108
    Latitude
    39.158
    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
    $119,426
    $2,653,500
    $5,970,200
    $8,623,700
    -
    $2,653,500
    $5,970,200
    $8,623,700

    Comparable in this City

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      87,812 SF

      18920 Earhart Ct

      MINI-WAREHOUSE, STORAGE • 87,812 SF
      18920 Earhart Ct, Gaithersburg, MD 20879-5509
      View Details
    • Value Estimation
      $2,535,000
      17,400 SF

      7800 Beechcraft Ave

      MINI-WAREHOUSE, STORAGE • 17,400 SF
      7800 Beechcraft Ave, Gaithersburg, MD 20879
      View Details
    • Value Estimation
      $2,500,000
      15,400 SF

      7831 Beechcraft Ave

      MINI-WAREHOUSE, STORAGE • 15,400 SF
      7831 Beechcraft Ave, Gaithersburg, MD 20879-1545
      View Details
    • Value Estimation
      $7,615,000
      22,400 SF

      8501 Snouffer School Rd

      MINI-WAREHOUSE, STORAGE • 22,400 SF
      8501 Snouffer School Rd, Gaithersburg, MD 20879-5523
      View Details
    • Value Estimation
      $15,805,000
      55,200 SF

      18830 Woodfield Rd

      MINI-WAREHOUSE, STORAGE • 55,200 SF
      18830 Woodfield Rd, Gaithersburg, MD 20879-4715
      View Details
    • Value Estimation
      $6,770,000
      75,190 SF

      19900 Goshen Rd

      MINI-WAREHOUSE, STORAGE • 75,190 SF
      19900 Goshen Rd, Gaithersburg, MD 20879-1606
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Gaithersburg Industrial Site For Sale

      1.36-acre industrial site with warehouse, office, and outdoor storage.
      8045 Snouffer School Rd, Gaithersburg, MD 20879
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      1,220 SF

      Remodeled Townhouse in Meadowvale Community

      Updated end-unit townhouse with modern amenities and convenient location.
      8845 Cross Country Pl, Gaithersburg, MD 20879
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    • Contact for pricing
      1,267 SF

      Second Floor Office Suite

      1,267 SF office suite with private entrance for sale.
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      Renovated Penthouse Condo with Balcony

      Top-floor, renovated condo featuring modern amenities and abundant natural light.
      18304 Streamside Dr Dr, Gaithersburg, MD 20879
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    • $2,700,000
      4.46 Acres

      Residential Land in Gaithersburg, MD

      4.46 acres of land zoned for residential development.
      9415 Stewartown Rd, Gaithersburg, MD 20879
      View Details
    • $459,000

      Gaithersburg Specialty Property For Sale

      Specialty property available in Gaithersburg, Maryland.
      7507 Elioak Ter, Gaithersburg, MD 20879
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    Similar Nearby for Lease

    • Contact for pricing
      4,480 SF

      Flex-Industrial Space Near Airpark

      Flex-industrial space with warehouse, showroom, and office components.
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      12,000 SF

      Gaithersburg Flex Warehouse Space

      12,000 SF flex warehouse space for lease in Gaithersburg.
      7631 Airpark Rd, Gaithersburg, MD 20879
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    • Contact for pricing
      7,984 SF

      Flex Space with Office/Warehouse

      7,984 SF flex space featuring office and warehouse areas.
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      View Details
    • Contact for pricing
      2,000 SF

      Flex-Industrial Space Near Airpark

      Flex-industrial space with warehouse, showroom, and office components available for rent.
      7510 Rickenbacker Dr, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      6,150 SF

      Gaithersburg Warehouse Space Available

      6,150 SF warehouse space for lease in Gaithersburg.
      8001-8011 Cessna Ave, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      3,424 SF

      Flex-Industrial Space Near Airpark

      Flex-industrial space in Gaithersburg, MD, with warehouse, showroom, and office.
      7609 Airpark Rd, Gaithersburg, MD 20879
      View Details
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    350 Christopher Ave
    Gaithersburg, MD 20879-3607
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    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
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