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Property profile & analytics
OFF-MARKET
Estimated value
$8,170,000
Apartment buildings
531 Frederick Ave, Gaithersburg, MD 20877-2351
Entity Owned
10-yr Hold
Property ID
US40-2112674
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Tuan Tran Dental Office
-
Montgomery Park Apartments Apartment Building
-
Mongtomery House Apartments Apartment Building Apartment Complex
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
Gburg Multi Fam LLC · 10 yrs held
Gburg Multi Fam LLC
since 2016
6 recorded transactions
Zoning & alternative use
CD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$104 / 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
$54,616
Tax year 2022
Assessed value
$4,100,000
Assessed 2023
Previous assessed
$4,100,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,063,700
Assessed improvement
$3,036,300
Land market value
$1,063,700
Improvement market value
$3,036,300
Total market value
$4,100,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
40
Total area
78,588 SF
Lot
1.58 ac (68,825 SF)
Zoning code
CD
APN
09-00817662
UPID
US40-2112674
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.
Building & site characteristics
From public records
Year built
1962
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
40
Lot
1.58 ac
Current owner
From public records · entity-resolved
Gburg Multi Fam LLC
Entity
Mailing address
8401 CONNECTICUT AVE STE #710, CHEVY CHASE, MD 20815-9819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2016
$3,955,000
Gburg Multi Fam LLC
Deer Park Investments LLC
Grant Deed
—
Jan 2, 2013
$3,955,000
Gburg Multi Fam LLC
Deed Park Investments LLC
Grant Deed
$3,164,000 · Greystone Servicing Corp
Feb 7, 2005
—
Deer Park Investments LLC
Horwitz,arnold D
Grant Deed
$850,000 · Mercantile Potomac Bank
Feb 7, 2005
$323,285
Arnold D Horwitz
Horwitz Arnold D
Grant Deed
related
—
—
—
Gburg Multi Fam LLC
—
Deed Of Trust
related
$3,380,000 · Newmark Knight Frank
—
—
Deer Park Investments LLC
—
Deed Of Trust
related
$2,460,000 · Washington Mutual Fsb
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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