New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,285,000
Commercial real estate
620 Diamond Ave, Gaithersburg, MD 20877-5320
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0956057
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1994
Total area
24,129 SF
Lot
1.9 ac (82,679 SF)
Zoning code
CBD
APN
09-03060498
UPID
US40-0956057
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
-
Print4Less USA (Bike/Boat/Book/etc) Store Printing Service
-
Guide Program Inc Crisis Center Medical Clinic
-
School and Community Youth Services Crisis Center Medical Clinic
-
Sheppard Pratt - Creating Healthy Bonds Foster Care Service Social Service Agency
-
Sheppard Pratt - Youth Mental Health Assistance Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.29M
CAP Approach
CAP
$5.01M
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$4.29M
Owner & transaction history
Identity Hq LLC · 2 yrs held
Identity Hq LLC
since 2024
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
CBD · 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
Method
Estimation
Statistic approach
$4,285,000
ML approach
$4,285,000
CAP Approach
CAP Return
Estimation
6%
$5,430,000
6.5%
$5,010,000
7%
$4,655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,945,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$4.29M
Range $3.86M – $4.71M · ±10% · vs last sale $4.29M (Jan 23 2024)
Last sale anchor
$4.29M
Jan 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
$178 / 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
$39,962
Tax year 2022
Assessed value
$2,786,200
Assessed 2023
Previous assessed
$2,565,067
+8.6% YoY
Effective rate
1.43%
On assessed value
Assessed land
$958,200
Assessed improvement
$1,828,000
Land market value
$958,200
Improvement market value
$1,828,000
Total market value
$2,786,200
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1994
Heating
NONE
Total area
24,129 SF
Lot
1.9 ac (82,679 SF)
Zoning code
CBD
APN
09-03060498
UPID
US40-0956057
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
Est. value
$5.9M
OFFICE BUILDING
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
1994
Heating
NONE
Lot
1.9 ac
Current owner
From public records · entity-resolved
Identity Hq LLC
Entity
Free & Clear · 2 yrs held
Mailing address
414 E DIAMOND AVE STE #300, GAITHERSBURG, MD 20877-3018
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2024
—
PC 200 Girard LLC
—
Deed
related
—
Jan 23, 2024
$4,286,774
Identity Hq LLC
PC 620 Girard LLC
Special Warranty Deed
—
Mar 29, 2023
—
PC 200 Girard LLC
—
Deed
related
$26,000,000 · Citizens Bank NA
Feb 5, 2014
$2,005,000
PC 620 Girard LLC
Fp Girard Place LLC
Grant Deed
—
Sep 23, 1998
$12,164,390
Butera Girard Place LLC
Girard Associates II Ltd Ptshp
Grant Deed
related
$83,000,000 · Credit Suisse First Boston Mtg
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 620 Diamond Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
