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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 Diamond Ave Gaithersburg, MD 20877-3065

    • Automotive properties
    • 12,204 SF
    • 3.07 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1214917
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rippeon Equipment Company / Tractor Dealer

    Property Details for 700 Diamond Ave

    Year built
    1985
    Construction
    BRICK
    Lot size
    3.07 lot acres
    Property size
    12,204 SF
    Zone code
    CBD
    Property type
    Automotive properties
    APN
    09-02479493
    APU
    902479493

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $730,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $695,000
      Market price range: $630k - $2.35M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1806
    Latitude
    39.1398
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $35,461
    $1,033,700
    $1,070,700
    $2,104,400
    -
    $1,033,700
    $1,070,700
    $2,104,400

    Comparable in this City

    • Value Estimation
      $1,170,000
      20,289 SF

      16411 Shady Grv Rd

      VEHICLE SALES, RENTALS • 20,289 SF
      16411 Shady Grv Rd, Gaithersburg, MD 20877-4123
      View Details
    • Value Estimation
      $490,000
      2,491 SF

      200 Frederick Ave

      VEHICLE SALES, RENTALS • 2,491 SF
      200 Frederick Ave, Gaithersburg, MD 20877-2409
      View Details
    • Value Estimation
      $400,000
      5,720 SF

      22 Diamond Ave

      VEHICLE SALES, RENTALS • 5,720 SF
      22 Diamond Ave, Gaithersburg, MD 20877-2111
      View Details
    • Value Estimation
      $1,490,000
      3,850 SF

      204 Frederick Ave

      VEHICLE SALES, RENTALS • 3,850 SF
      204 Frederick Ave, Gaithersburg, MD 20877-2409
      View Details
    • Value Estimation
      $460,000
      3,900 SF

      457 Frederick Ave

      VEHICLE SALES, RENTALS • 3,900 SF
      457 Frederick Ave, Gaithersburg, MD 20877-2415
      View Details
    • Value Estimation
      $1,375,000
      34,721 SF

      16200 Frederick Rd

      VEHICLE SALES, RENTALS • 34,721 SF
      16200 Frederick Rd, Gaithersburg, MD 20877-4023
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      57,934 SF

      Mixed-Use Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Old Towne Gaithersburg, Montgomery County, MD.
      206-226 E Diamond Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      0.71 Acres

      Equipped Barbershop/Salon in Gaithersburg

      Turnkey barbershop/salon space for immediate occupancy in central Gaithersburg.
      431 N Frederick Ave, Gaithersburg, MD 20877
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    • $275,000
      931 SF

      Gaithersburg Office Space For Sale

      First floor office space with tenant in place until 2027.
      16001-16081 Comprint Cir, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      1.37 Acres

      Gaithersburg Office Space - 1325 SF

      Lower level office, ample storage. Ideal for small business.
      15 Deer Park Dr, Gaithersburg, MD 20877
      View Details
    • $775,000
      17,678 SF

      Gaithersburg CBD Development Site

      Prime location, high-density zoning, development potential.
      106 Summit Ave, Gaithersburg, MD 20877
      View Details
    • $690,000

      Redevelopment Opportunity in Downtown Gaithersburg

      Prime 0.27-acre lot suitable for commercial or mixed-use development.
      403 E Diamond Ave, Gaithersburg, MD 20877
      View Details

    Similar Nearby for Lease

    • $44 SF/Yr
      3,900 SF

      Automotive Building with Six Bays

      3,900 SF corner building with six automotive bays for rent.
      457 N Frederick Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      6,690 SF

      Mixed-Use Retail Destination

      Retail component of a large, mixed-use community in Gaithersburg, MD.
      203 Crown Park Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Anchored Center

      Retail spaces available in a renovated, grocery-anchored shopping center.
      16507-16567 S Frederick Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      2,168 SF

      Retail Space in Grocery-Anchored Center

      Retail spaces available in a renovated, high-visibility shopping center.
      16510-16520 S Westland Dr, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      12,000 SF

      Retail Center in Gaithersburg Area

      Neighborhood retail center with high traffic and convenient location.
      300 N Frederick Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      873 SF

      Retail Space in Gaithersburg Plaza

      Retail space in a premier shopping destination.
      18204-18216 Contour Rd, Gaithersburg, MD 20877
      View Details
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    700 Diamond Ave
    Gaithersburg, MD 20877-3065
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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