Property profile

615 Frederick Ave Gaithersburg, MD 20877

OFF-MARKET
Strip malls
Property ID
US40-1081797
28,800 SF 1.31 ac lot Built 1975
Entity Owned 25-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1975
Construction BRICK
Total area 28,800 SF
Lot 1.31 ac (56,910 SF)
Zoning code CD
APN 09-00817902
UPID US40-1081797

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
  • Courier Service Postal Service
  • Law Firm Social Service Agency
  • Hardware & Home Improvement
  • Wedding Service
  • Hair Salon Spa & Massage Center

Location

615 Frederick Ave Gaithersburg, MD 20877-1240
Gaithersburg metro WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$895k
CAP Approach CAP
by Request
Comparable Approach Comparable
$541k
Blend (final) Blend
$720k

Owner & transaction history

since 2001
3 recorded transactions
2001
Price N/A
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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