Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    705 Ctr Pt Way Gaithersburg, MD 20878-6462

    • Turn key restaurants
    • 11,100 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1378436
    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

    • Vasili's Kitchen / Mediterranean Restaurant / Greek Restaurant

    Property Details for 705 Ctr Pt Way

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    11,100 SF
    Zone code
    MXD
    Property type
    Turn key restaurants
    APN
    09-03203836
    APU
    903203836

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,206,000
      Market price range: $1.16M - $2.37M

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.235
    Latitude
    39.1217
    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
    $0.00
    $1,435,100
    $2,718,700
    $4,153,800
    -
    $1,435,100
    $2,718,700
    $4,153,800

    Comparable in this City

    • Value Estimation
      $770,000
      5,424 SF

      220 Ellington Blvd

      RESTAURANT • 5,424 SF
      220 Ellington Blvd, Gaithersburg, MD 20878-4553
      View Details
    • Value Estimation
      $965,000
      5,100 SF

      216 Market W St

      RESTAURANT • 5,100 SF
      216 Market W St, Gaithersburg, MD 20878-5783
      View Details
    • Value Estimation
      $960,000
      6,663 SF

      203 Crown Park Ave

      RESTAURANT • 6,663 SF
      203 Crown Park Ave, Gaithersburg, MD 20878-4580
      View Details
    • Value Estimation
      $580,000
      6,496 SF

      800 Diamond Ave

      RESTAURANT • 6,496 SF
      800 Diamond Ave, Gaithersburg, MD 20878-1413
      View Details
    • Value Estimation
      $1,355,000
      8,814 SF

      100 Boardwalk Pl

      RESTAURANT • 8,814 SF
      100 Boardwalk Pl, Gaithersburg, MD 20878-7342
      View Details
    • Value Estimation
      $4,840,000
      5,020 SF

      917 Quince Orch Rd

      RESTAURANT • 5,020 SF
      917 Quince Orch Rd, Gaithersburg, MD 20878-1906
      View Details

    Similar Nearby for Sale

    • $1,149,000
      3,359 SF

      Retail Property on Main Street

      Retail property for sale on Main Street, Gaithersburg, MD.
      375 Main St, Gaithersburg, MD 20878
      View Details
    • $515,000
      1,571 SF

      Gaithersburg Office Space For Sale

      Class A Office, 1571 sq ft, $515,000
      17b Firstfield Rd, Gaithersburg, MD 20878
      View Details
    • $450,000

      Gaithersburg Class A Office Space

      Full-service Class A office space for sale in Gaithersburg, MD.
      17B Firstfield Rd, Gaithersburg, MD 20878
      View Details
    • $360,000
      1,104 SF

      Updated Condo in Prime Location

      Modern 2-bedroom, 2.5-bath condo near Kentlands and Crown.
      800 Amber Tree Ct, Gaithersburg, MD 20878
      View Details
    • $469,000

      Gaithersburg Specialty Property For Sale

      Specialty property available for purchase in Gaithersburg, Maryland.
      32 Fenceline Dr, Gaithersburg, MD 20878
      View Details
    • $279,000
      1,819 SF

      Upgraded Office End Unit For Sale

      Two-level office end unit with reception area and windowed offices.
      839 Quince Orchard Blvd, Gaithersburg, MD 20878
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      258,000 SF

      Downtown Crown Retail Space

      Large Retail Space in Gaithersburg, MD
      303 Copley Pl, Gaithersburg, MD 20878
      View Details
    • Contact for pricing
      1,515 SF

      Retail Space in Kentlands Market

      Retail space available in a community shopping center.
      204 Market St E, Gaithersburg, MD 20878
      View Details
    • Contact for pricing
      11,146 SF

      Retail Space in Kentlands Center

      Retail space in mixed-use development, easily accessible from Highway 270.
      116 Main St, Gaithersburg, MD 20878
      View Details
    • Contact for pricing
      2,632 SF

      Gaithersburg Shopping Center Space

      Giant-anchored shopping center in Gaithersburg, Maryland available for rent.
      78 Bureau Dr, Gaithersburg, MD 20878
      View Details
    • Contact for pricing
      1,322 SF

      Retail Space in Kentlands Market

      Retail space available in a community shopping center.
      801 Center Point Way, Gaithersburg, MD 20878
      View Details
    • Contact for pricing
      241,613 SF

      200 Kentlands Blvd. Kentlands Blvd & Market St

      Retail properties • 241,613 SF
      200 Kentlands Blvd. Kentlands Blvd & Market St, Gaithersburg, MD 20878
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    705 Ctr Pt Way
    Gaithersburg, MD 20878-6462
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.