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Property profile & analytics
OFF-MARKET
Estimated value
$16,095,000
Retail space
701 Russell Ave, Gaithersburg, MD 20877-2631
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1472673
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
BRICK
Total area
181,214 SF
Lot
15.34 ac (668,210 SF)
Zoning code
C2
APN
09-01751475
UPID
US40-1472673
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.65M
Blend (final)
Blend
$16.10M
Owner & transaction history
Lakeforest Development LLC · 4 yrs held
Lakeforest Development LLC
since 2022
Last sale
$20.5M
4 recorded transactions
Zoning & alternative use
C2 · 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
$17,845,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.10M
Range $14.49M – $17.70M · ±10% · vs last sale $20.50M (Mar 18 2022)
Last sale anchor
$20.50M
Mar 18 2022
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
$89 / 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
$159,395
Tax year 2022
Assessed value
$7,041,600
Assessed 2023
Previous assessed
$6,784,967
+3.8% YoY
Effective rate
2.26%
On assessed value
Assessed land
$5,806,700
Assessed improvement
$1,234,900
Land market value
$5,806,700
Improvement market value
$1,234,900
Total market value
$7,041,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
181,214 SF
Lot
15.34 ac (668,210 SF)
Zoning code
C2
APN
09-01751475
UPID
US40-1472673
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
C2 · Gaithersburg, MD
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1978
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
15.34 ac
Current owner
From public records · entity-resolved
Lakeforest Development LLC
Entity
Free & Clear · 4 yrs held
Mailing address
550 LONG PT RD, MT PLEASANT, SC 29464-7905
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
$20,500,000
Lakeforest Development LLC
Nw Gaithersburg LLC
Special Warranty Deed
—
Jun 21, 2018
$4,000,000
Nw Gaithersburg LLC
Src O P LLC
Grant Deed
—
May 10, 2018
—
Src Op LLC
—
Grant Deed
related
$2,581,419 · Ubs Ag Stamford Br
Apr 2, 2004
$10
Src O P Corp
Sears Roebuck & Co
Deed Of Trust
related
$12,152,000 · Src Depositor Corp
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.
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