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Property profile & analytics
OFF-MARKET
Estimated value
$7,820,000
Commercial land
405 Frederick Ave, Gaithersburg, MD 20877-2326
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-1327666
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1949
Construction
BRICK
Total area
8,920 SF
Lot
1.83 ac (79,900 SF)
Zoning code
CD
APN
09-00832246
UPID
US40-1327666
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
-
PNC ATM Atm
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Charleys Cheesesteaks and Wings Take-out & Catering
-
Wawa Restaurant Take-out & Catering
-
Wireless World Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.82M
Owner & transaction history
Wwgmd LLC · 2 yrs held
Wwgmd LLC
since 2024
Last sale
$7.8M
4 recorded transactions
Zoning & alternative use
CD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.8M
+299.2%
Retail stores
$4.9M
+82.8%
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
$7,820,000
ML approach
$7,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,760,000
Change: +299% · Conversion: Difficult
RETAIL STORES
$4,930,000
Change: +83% · Conversion: Easy
Blend value · Realmo final
$7.82M
Range $7.04M – $8.60M · ±10% · vs last sale $7.82M (Mar 21 2024)
Last sale anchor
$7.82M
Mar 21 2024
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
$877 / 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
$16,817
Tax year 2022
Assessed value
$1,235,200
Assessed 2023
Previous assessed
$1,235,200
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,235,200
Land market value
$1,235,200
Total market value
$1,235,200
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1949
Construction
BRICK
Heating
YES
Cooling
AC.CHILLED WATER
Stories
1
Total area
8,920 SF
Lot
1.83 ac (79,900 SF)
Zoning code
CD
APN
09-00832246
UPID
US40-1327666
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
RESTAURANT
Est. value
$10.8M
RETAIL STORES
Est. value
$4.9M
RESTAURANT
RETAIL STORES
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
1949
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Wwgmd LLC
Entity
Free & Clear · 2 yrs held
Mailing address
10533 MAIN ST, FAIRFAX, VA 22030-3303
Ownership since
2024
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
Mar 21, 2024
$7,819,736
Wwgmd LLC
1788 405 Trojan Investments LLC
Deed
—
Jan 20, 2023
—
1788 405 Trojan Investments LLC
—
Deed
related
$400,000 · First National Bank Of Pennsylvania
Feb 8, 2019
$2,000,000
Trojan Investments LLC
Helen B Irvine Revocable Trust
Special Warranty Deed
—
Nov 13, 2006
—
Irvine Helen B Trust
Irvine,h Winfree JR & Helen B
Quit Claim Deed
related
—
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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