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Property profile & analytics
FOR LEASE
Office buildings
414 Main St Gaithersburg, MD 20878
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-0298517
For Lease
1 / 9
$1,800/Mo
414 Main St, Gaithersburg, MD 20878
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
BRICK
Total area
2,880 SF
Lot
0.03 ac (1,112 SF)
Zoning code
MXD
APN
09-03226030
UPID
US40-0298517
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
-
Kentlands Beer & Wine Specialty Food Shop Wine and Liquor Store
-
MyCredit Accounting Firm Repair Corporate Office
-
Digital Tempus LLC Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$498k
Blend (final)
Blend
$575k
Owner & transaction history
Kentpark Properties LLC · 5 yrs held
Kentpark Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
MXD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$900,000
+7.1%
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
$375,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$580,000
7%
$535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$840,000
Current use
WAREHOUSE, STORAGE
$900,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$200 / 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
$10,815
Tax year 2022
Assessed value
$873,300
Assessed 2023
Previous assessed
$821,833
+6.3% YoY
Effective rate
1.24%
On assessed value
Assessed land
$266,800
Assessed improvement
$606,500
Land market value
$266,800
Improvement market value
$606,500
Total market value
$873,300
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
For Lease
Year built
2002
Construction
BRICK
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
2,880 SF
Lot
0.03 ac (1,112 SF)
Zoning code
MXD
APN
09-03226030
UPID
US40-0298517
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXD · Gaithersburg, MD
Zoning MXD · permitted uses
MXD · 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
$840,000
WAREHOUSE, STORAGE
Est. value
$900,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
2002
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Kentpark Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10501 BOSWELL LN, POTOMAC, MD 20854-6303
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
—
Kentpark Properties LLC
Surendra K Khurana
Grant Deed
—
Aug 6, 2020
—
Surendra K Khurana
Khurana Surendra Trust
Quit Claim Deed
related
—
Aug 22, 2007
—
Khurana Surendra Trust
Khurana,surendra K & Deepa
Quit Claim Deed
related
—
Dec 31, 2002
$635,000
Surendra K Khurana
Tan,su Hwa L
Grant Deed
$496,000 · Mid-atlantic FCU
Jul 22, 2002
$529,900
Su H Tan
Parkwood Homes INC
Grant Deed
$398,000 · Potomac Valley Bank
Sep 5, 2001
$560,000
Parkwood Homes INC
Gaithersburg Community Assoc
Grant Deed
—
—
—
Surendra K Khurana
—
Deed Of Trust
related
$406,000 · Mid-atlantic FCU
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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