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Property profile & analytics
OFF-MARKET
Estimated value
$44,515,000
Apartment buildings
401 Muddy Br Rd, Gaithersburg, MD 20878-2919
Entity Owned
3-yr Hold
Property ID
US40-0889981
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Total area
132,656 SF
Lot
11 ac (479,129 SF)
Zoning code
R20
APN
09-00817547
UPID
US40-0889981
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
-
Idoma Women in Diaspora Childrens Club
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.52M
Owner & transaction history
Smp Governor Spe LLC · 3 yrs held
Smp Governor Spe LLC
since 2023
Last sale
$46.1M
5 recorded transactions
Zoning & alternative use
R20 · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$52,160,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,505,000
6.5%
$33,695,000
7%
$31,290,000
Blend value · Realmo final
$44.52M
Range $40.06M – $48.97M · ±10% · vs last sale $46.10M (Mar 23 2023)
Last sale anchor
$46.10M
Mar 23 2023
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
$336 / 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
$252,699
Tax year 2022
Assessed value
$18,400,000
Assessed 2023
Previous assessed
$18,400,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$6,477,800
Assessed improvement
$11,922,200
Land market value
$6,477,800
Improvement market value
$11,922,200
Total market value
$18,400,000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Heating
NONE
Stories
4
Units
238
Total area
132,656 SF
Lot
11 ac (479,129 SF)
Zoning code
R20
APN
09-00817547
UPID
US40-0889981
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R20 · Gaithersburg, MD
Zoning R20 · permitted uses
R20 · 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.
Building & site characteristics
From public records
Heating
NONE
Stories
4
Units
238
Lot
11 ac
Current owner
From public records · entity-resolved
Smp Governor Spe LLC
Entity
Mailing address
8120 WOODMONT AVE STE #520, BETHESDA, MD 20814-2760
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
—
Smp Governor Spe LLC
—
Deed
related
$33,215,000 · Jll Real Estate Capital LLC
Mar 23, 2023
$46,100,000
Smp Governor Spe LLC
Gaither Gardens LLC
Special Warranty Deed
$27,000,000 · Specialized Multifamily Partners Fu
Aug 2, 2016
—
Gaither Gardens LLC
—
Deed
related
$3,250,000 · Cardinal Bank
—
—
Gaither Gardens LLC
—
Deed Of Trust
related
$2,500,000 · M & T Realty Capital Corp
—
—
Gaither Gardens LLC
—
Deed Of Trust
related
$1,500,000 · M & T Realty 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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