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Property profile & analytics
FOR SALE
Office buildings
431 N Frederick Ave, Gaithersburg, MD 20877
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-2290809
For Sale
1 / 4
$3,435,000
431 N Frederick Ave, Gaithersburg, MD 20877
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
BRICK
Total area
15,358 SF
Lot
0.71 ac (30,966 SF)
Zoning code
CD
APN
09-00818622
UPID
US40-2290809
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
-
D & A Dental Studio Dental Office
-
DMI Dental Laboratories LLC Dental Office
-
Angel Nursing Health Care Services Potomac Employment Agency
-
Dependable Nursing Home Health Care Service
-
E&C Insurance & Financial Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.08M
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$3.44M
Owner & transaction history
Triumph Realty LLC · 8 yrs held
Triumph Realty LLC
since 2018
7 recorded transactions
Zoning & alternative use
CD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.8M
+27.0%
Commercial (general)
$4.6M
+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%
$3,335,000
6.5%
$3,080,000
7%
$2,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,785,000
Current use
WAREHOUSE, STORAGE
$4,805,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,640,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$3.44M
Range $3.09M – $3.78M · ±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
$224 / 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
$39,120
Tax year 2022
Assessed value
$2,997,400
Assessed 2023
Previous assessed
$2,911,133
+3.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,016,900
Assessed improvement
$1,980,500
Land market value
$1,016,900
Improvement market value
$1,980,500
Total market value
$2,997,400
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 Sale
Year built
1960
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
15,358 SF
Lot
0.71 ac (30,966 SF)
Zoning code
CD
APN
09-00818622
UPID
US40-2290809
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
OFFICE BUILDING Current
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.6M
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
1960
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Triumph Realty LLC
Entity
Mailing address
3725 SPRIGG ST N, FREDERICK, MD 21704-7851
Ownership since
2018
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
Dec 1, 2021
—
Triumph Realty LLC
—
Deed
related
$1,500,000 · Finance Of America Mortgage LLC
Jan 17, 2018
$2,250,000
Triumph Realty LLC
Ybm Construction INC
Grant Deed
$1,200,000 · C Store INC
Dec 22, 2004
$2,350,000
Ybm Construction INC
Mcleod,gustavus A & Mary
Grant Deed
$1,400,000 · Access National Bank
Aug 12, 1997
$850,000
Gustavus A Mcleod
Demory,enterpris
Grant Deed
$800,000 · Business Loan Center INC
—
—
Gustavus A Mcleod
—
Deed Of Trust
related
$72,600 · Sandy Spring National Bank Md
—
—
Gustavus A Mcleod
—
Deed Of Trust
related
$62,000 · Lawson Surgical INC
—
—
Gustavus A Mcleod
—
Deed Of Trust
related
$300,000 · Franklin Natl Bank Washington
—
—
Gustavus A Mcleod
—
Deed Of Trust
related
$300,000 · Kh Funding Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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