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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
418 Diamond Ave Gaithersburg, MD 20877-3018
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0931320
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
BRICK
Total area
3,276 SF
Lot
0.45 ac (19,564 SF)
Zoning code
CBD
APN
09-03097235
UPID
US40-0931320
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
-
Cleaner Water Foundation Hardware & Home Improvement
-
Edward Kosenski Alternative Medicine Practice
-
Dr. Steven Clark Alternative Medicine Practice
-
Lavender Lotus Acupuncture LLc. Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$937k
Blend (final)
Blend
$745k
Owner & transaction history
Mcm Mmxxiv LLC · 1 yrs held
Mcm Mmxxiv LLC
since 2024
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
CBD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.0M
+27.0%
Commercial (general)
$990,000
+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%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$805,000
Current use
WAREHOUSE, STORAGE
$1,025,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$990,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $750k (Apr 23 2024)
Last sale anchor
$750k
Apr 23 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
$227 / 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
$10,540
Tax year 2022
Assessed value
$788,500
Assessed 2023
Previous assessed
$777,233
+1.4% YoY
Effective rate
1.34%
On assessed value
Assessed land
$267,400
Assessed improvement
$521,100
Land market value
$267,400
Improvement market value
$521,100
Total market value
$788,500
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
1915
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
3,276 SF
Lot
0.45 ac (19,564 SF)
Zoning code
CBD
APN
09-03097235
UPID
US40-0931320
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CBD · Gaithersburg, MD
Zoning CBD · permitted uses
CBD · 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
$805,000
WAREHOUSE, STORAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$990,000
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
1915
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Mcm Mmxxiv LLC
Entity
Mailing address
6431 79TH ST, CABIN JOHN, MD 20818-1633
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$750,000
Mcm Mmxxiv LLC
Andrew Clark
Deed
$600,000 · Truist Bank
Oct 30, 2020
—
Steven E Clark
—
Deed
related
$50,000 · Sandy Spring Bank
Feb 14, 2019
—
Steven E Clark
—
Deed
related
$210,000 · Revere Bank
Oct 28, 2008
—
Clark Steven Trust
Clark,steven E
Quit Claim Deed
related
—
Apr 2, 2003
—
Steven E Clark
Clark,steven E & Donatella P
Quit Claim Deed
related
—
—
—
Steven E Clark
—
Deed Of Trust
related
$100,000 · Potomac Valley Bank
—
—
Clark Steven E Trust
—
Deed Of Trust
related
$338,780 · Pnc Bank
—
—
Steven E Clark
—
Deed Of Trust
related
$160,000 · Mercantile Potomac Bank
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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