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

    7500 Rickenbacker Dr Gaithersburg, MD 20879-4730

    • Auto shops
    • 4,708 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1411919
    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

    • Tony's Corvette Shop / Auto Repair Shop

    Property Details for 7500 Rickenbacker Dr

    Year built
    1983
    Construction
    BRICK
    Lot size
    0.97 lot acres
    Property size
    4,708 SF
    Zone code
    IM2.5
    Property type
    Auto shops
    APN
    01-03309181
    APU
    103309181

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.154
    Latitude
    39.1724
    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
    $11,816
    $0.00
    $0.00
    $867,900
    -
    $661,000
    $251,900
    $912,900

    Comparable in this City

    • Value Estimation
      $1,445,000
      9,350 SF

      953 Frederick Ave

      AUTO REPAIR, GARAGE • 9,350 SF
      953 Frederick Ave, Gaithersburg, MD 20879-3303
      View Details
    • Value Estimation
      $660,000
      3,480 SF

      18267 Flower Hl Way

      AUTO REPAIR, GARAGE • 3,480 SF
      18267 Flower Hl Way, Gaithersburg, MD 20879-5335
      View Details
    • Value Estimation
      $605,000
      3,116 SF

      24 Montgomery Vlg Ave

      AUTO REPAIR, GARAGE • 3,116 SF
      24 Montgomery Vlg Ave, Gaithersburg, MD 20879-3583
      View Details
    • Value Estimation
      $1,295,000
      73,457 SF

      18707 Frederick Ave

      VEHICLE SALES, RENTALS • 73,457 SF
      18707 Frederick Ave, Gaithersburg, MD 20879-3164
      View Details
    • Value Estimation by Request
      1,000 SF

      7500 Rickenbacker Dr

      SERVICE STATION (FULL SERVICE) • 1,000 SF
      7500 Rickenbacker Dr, Gaithersburg, MD 20879-4730
      View Details
    • Value Estimation
      $380,000
      245 SF

      18310 Streamside Dr, Unit 5

      RESIDENTIAL PARKING GARAGE • 245 SF
      18310 Streamside Dr, Gaithersburg, MD 20879-5219
      View Details

    Similar Nearby for Sale

    • $400,000

      Sports Bar/Restaurant Opportunity

      Existing sports bar/restaurant/billiards business for sale in Montgomery County, MD.
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    • $379,900
      1,220 SF

      Remodeled Townhouse in Meadowvale Community

      Updated end-unit townhouse with modern amenities and convenient location.
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    • $299,000
      1,267 SF

      Second Floor Office Suite

      1,267 SF office suite with private entrance for sale.
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    • $250,000

      Renovated Penthouse Condo with Balcony

      Top-floor, renovated condo featuring modern amenities and abundant natural light.
      18304 Streamside Dr Dr, Gaithersburg, MD 20879
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      5,000 SF

      Gaithersburg Medical Office Building

      Move-in ready medical office space. Excellent investment opportunity.
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    • $2,100,000

      Gaithersburg Industrial Site For Sale

      1.36-acre industrial site with warehouse, office, and outdoor storage.
      8045 Snouffer School Rd, Gaithersburg, MD 20879
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,952 SF

      Gaithersburg Flex Space For Rent

      1952 SF flex space with storefront in Gaithersburg.
      19200-19214 Chennault Way, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      1,995 SF

      Retail Space in Gaithersburg SC

      Retail space available in Gaithersburg Shopping Center.
      18521 N Frederick Ave, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Gaithersburg, MD

      Giant-anchored shopping center with high traffic and income demographics.
      20044 Goshen Rd, Montgomery Village, MD 20879
      View Details
    • Contact for pricing
      2,020 SF

      Gaithersburg Retail Space For Lease

      Prime Retail, Ample Parking, 2 Suites
      8363 Snouffer School Rd, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      1,506 SF

      Gaithersburg Shopping Center For Rent

      169,000 SF shopping center in Montgomery County.
      19142-19233 Montgomery Village Ave, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      3,600 SF

      Gaithersburg Shopping Center Space Available

      Giant-anchored shopping center with high traffic and income demographics.
      20000-20044 Goshen Rd, Gaithersburg, MD 20879
      View Details
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    Gaithersburg, MD 20879-4730
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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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