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    701 Russell Ave Gaithersburg, MD 20877-2631
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    Property profile & analytics

    701 Russell Ave, Gaithersburg, MD 20877-2631

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    • Super regional malls
    • 409,447 SF
    • 30.60 lot acres
    Off-Market
    Last Sale Mar 18, 2022
    $22,500,000
    Property ID
    US40-1177462
    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.

    Value Estimations
    $16,180,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Animal Kingdom / Veterinary Clinic
    • Global Cellular / Mobile Phone Store / Electronics & Wireless Store
    • Gift Corner / (Bike/Boat/Book/etc) Store
    • You NIque Gifts / (Bike/Boat/Book/etc) Store
    • Bay Jewelers / (Bike/Boat/Book/etc) Store

    Property Details for 701 Russell Ave

    Year built
    1978
    Construction
    BRICK
    Lot size
    30.60 lot acres
    Zone code
    C2
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    09-01806937
    APU
    901806937

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 18, 2022 — Lakeforest Development LLC Lakeforest Retail Investment LLC Intrafamily Transfer · related $62.9M · Pacificcal Debt IV LLC
    Sep 19, 2019 $22,500,000 Lakeforest Retail Investment LLC U S Bank National Association Special Warranty Deed $13.5M · United Bank
    Jan 11, 2018 $19,100,000 Us Bank NA Series 2005-top20 Tr Jackson Stephen B|lakeforest Associates LLC Trustees Deed · related —
    Sep 27, 2012 — Lakeforest Associates LLC — Deed Of Trust · related $116.1M · Us Bank Series 2005-top20 (ce)
    Sep 27, 2012 $102,500,000 Lakeforest Owner LLC Lakeforest Associates LLC Deed In Lieu Of Foreclosure · related —
    Sep 28, 2010 — Lakeforest Associates LLC — Deed Of Trust · related $141.1M · Bear Stearns 2005-top 20 (ct)
    — — Lakeforest Assocs LLC — Deed Of Trust · related $141.1M · Morgan Stanley Mtg Capital INC

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $19,585,000
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $14,635,000
      Current use

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


    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2038
    Latitude
    39.1536
    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
    $438,251
    $21,245,600
    $723,800
    $21,969,400
    -
    $21,245,600
    $723,800
    $21,969,400
    More about this property
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