Property profile

531 Frederick Ave Gaithersburg, MD 20877

OFF-MARKET
Apartment buildings
Property ID
US40-2112674
78,588 SF 1.58 ac lot Built 1962
Entity Owned 10-yr Hold
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1962
Total area 78,588 SF
Lot 1.58 ac (68,825 SF)
Zoning code CD
APN 09-00817662
UPID US40-2112674

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Apartment Building
  • Apartment Building Apartment Complex

Location

531 Frederick Ave Gaithersburg, MD 20877-2351
Gaithersburg metro Census 700727 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.17M

Owner & transaction history

since 2016
6 recorded transactions
2016
$4.0M
2013
$4.0M
2005
Price N/A
2005
$323,285
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CD · Gaithersburg, MD
Zoning description

The purpose of CD zone is to provide encourage development, redevelopment and renovation of declining or underutilized properties along the corridor, create a more sustainable development pattern and enhance the city sen…

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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