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    Property profile & analytics

    701 Russell Ave Gaithersburg, MD 20877-2631

    • Retail space
    • 143,060 SF
    • 12.72 lot acres
    OFF-MARKET
    Value Estimation
    $5,630,000
    Last Sale
    Mar 18, 2022
    $6,000,000
    Location Intelligence
    Property ID
    US40-1231671
    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

    • Animal Kingdom / Veterinarian
    • Global Cellular / Cell Phone Store
    • Gift Corner / Gift Shop
    • You NIque Gifts / Gift Shop
    • Bay Jewelers / Jeweler

    Property Details for 701 Russell Ave

    Year built
    1978
    Construction
    BRICK
    Lot size
    12.72 lot acres
    Property size
    143,060 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    09-01751497
    APU
    901751497

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,705,000
      6.5%
      $5,910,000
      7%
      $6,005,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,225,000
      Geo Method
      $6,215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,695,000
      Retail
      $7,300,000
      Mixed-Use
      $5,875,000
      Hospitality
      $7,200,000
      Educational
      $5,515,000
      Residential Income
      $5,530,000
      Energy
      $7,420,000
      Income-Based Land
      $7,340,000
      Food Service
      $5,470,000

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2053
    Latitude
    39.1556
    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
    $148,835
    $6,956,600
    $86,200
    $7,042,800
    -
    $6,956,600
    $86,200
    $7,042,800

    Comparable in this City

    • Value Estimation
      $445,000
      2,255 SF

      116 Diamond Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,255 SF
      116 Diamond Ave, Gaithersburg, MD 20877-3022
      View Details
    • Value Estimation
      $5,825,000
      5,520 SF

      300 Frederick Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,520 SF
      300 Frederick Ave, Gaithersburg, MD 20877-2407
      View Details
    • Value Estimation by Request
      6,149 SF

      301 Frederick Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,149 SF
      301 Frederick Ave, Gaithersburg, MD 20877-2406
      View Details
    • Value Estimation by Request
      14,179 SF

      117 Frederick Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,179 SF
      117 Frederick Ave, Gaithersburg, MD 20877-2437
      View Details
    • Value Estimation
      $13,350,000
      152,552 SF

      701 Russell Ave

      RETAIL STORES (PERSONAL SERVICES) • 152,552 SF
      701 Russell Ave, Gaithersburg, MD 20877-2631
      View Details
    • Value Estimation
      $290,000
      1,112 SF

      303 Frederick Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,112 SF
      303 Frederick Ave, Gaithersburg, MD 20877-2328
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      57,934 SF

      Mixed-Use Redevelopment Opportunity

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      Gaithersburg Office Space - $599,000

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    Similar Nearby for Lease

    • 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
      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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      1,664 SF

      Retail Space in Gaithersburg Square

      Retail space available within a busy Gaithersburg shopping center.
      516-596 N Frederick Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      225 SF

      Retail Space in Gaithersburg Square

      Retail space available within a busy shopping center.
      474 N Frederick Ave, Gaithersburg, MD 20877
      View Details
    • Contact for pricing
      3,540 SF

      Retail Space in Mixed-Use Community

      Retail space available in a vibrant mixed-use community.
      301 Ellington Blvd, Gaithersburg, MD 20877
      View Details
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    701 Russell Ave
    Gaithersburg, MD 20877-2631
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    Realmo Value Estimation

    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.

    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.

    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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