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    Property profile & analytics

    8045 Snouffer School Rd Gaithersburg, MD 20879

    • Office buildings
    • 2,200 SF
    • 1.36 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0858548
    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

    • High's Chimney Service / General Contractor / Renovation Specialist
    • Regional Chimney Supply / General Contractor / Renovation Specialist

    Property Details for 8045 Snouffer School Rd

    Year built
    1989
    Construction
    BRICK
    Lot size
    1.36 lot acres
    Property size
    2,200 SF
    Zone code
    IL1.0
    Property type
    Office buildings
    APN
    01-02130610
    APU
    102130610

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $821,000
      Market price range: $353k - $821k
      AI Estimate
      $682,000
      Market price range: $123k - $682k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $550,000
      Current use
      RETAIL STORES
      $1,215,000
      Change: +121% Conversion: Moderate
      WAREHOUSE, STORAGE
      $690,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $580,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaithersburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1634
    Latitude
    39.162
    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
    $20,314
    $0.00
    $0.00
    $1,647,500
    -
    $745,600
    $973,300
    $1,718,900

    Comparable in this City

    • Value Estimation
      $1,955,000
      5,915 SF

      18950 Woodfield Rd

      OFFICE BUILDING • 5,915 SF
      18950 Woodfield Rd, Gaithersburg, MD 20879
      View Details
    • Value Estimation
      $6,200,000
      63,101 SF

      200 Professional Dr

      OFFICE BUILDING • 63,101 SF
      200 Professional Dr, Gaithersburg, MD 20879-3417
      View Details
    • Value Estimation by Request
      200,000 SF

      655 Watkins Ml Rd, Unit 1

      OFFICE BUILDING • 200,000 SF
      655 Watkins Ml Rd, Gaithersburg, MD 20879-3301
      View Details
    • Value Estimation
      $1,960,000
      5,740 SF

      8135 Snouffer School Rd

      OFFICE BUILDING • 5,740 SF
      8135 Snouffer School Rd, Gaithersburg, MD 20879-1505
      View Details
    • Value Estimation
      $1,095,000
      4,177 SF

      20 Montgomery Vlg Ave

      OFFICE BUILDING • 4,177 SF
      20 Montgomery Vlg Ave, Gaithersburg, MD 20879-3581
      View Details
    • Value Estimation by Request
      290,912 SF

      9911 Belward Campus Dr

      OFFICE BUILDING • 290,912 SF
      9911 Belward Campus Dr, Gaithersburg, MD 20879
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      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
    • Contact for pricing
      5,000 SF

      Gaithersburg Medical Office Building

      Move-in ready medical office space. Excellent investment opportunity.
      200 Professional Dr, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      1,267 SF

      Second Floor Office Suite

      1,267 SF office suite with private entrance for sale.
      973-975 Russell Ave, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      1,495 SF

      Finished Office Unit For Sale

      Highly finished office unit with great visibility and free parking.
      19390-19394 Montgomery Village Ave, Montgomery Village, MD 20879
      View Details
    • Contact for pricing
      1,890 SF

      Gaithersburg Executive Office Suites

      Modern office condos, flexible layouts.
      4 Professional Dr, Gaithersburg, MD 20879
      View Details
    • $299,000
      1,267 SF

      Gaithersburg Executive Office Condo

      Prime Office Suite, 1267 SF, $299K
      975-B Russell Ave, Gaithersburg, MD 20879
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,354 SF

      Gaithersburg Office Space For Rent

      Office space available near I-270 and Rt. 355.
      6 Montgomery Village Ave, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      2,000 SF

      Flex-Industrial Space Near Airpark

      Flex-industrial space with warehouse, showroom, and office components available for rent.
      7510-7564 Rickenbacker Dr, Gaithersburg, MD 20879
      View Details
    • $2,100 /Mo

      Professional Office Space Available

      Professional office space with waiting area and private bathroom.
      2 Professional Dr, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      7,984 SF

      Flex Space with Office/Warehouse

      7,984 SF flex space featuring office and warehouse areas.
      7610-7622 Rickenbacker Dr, Gaithersburg, MD 20879
      View Details
    • $2,400 /Mo

      Gaithersburg Office Space For Rent

      880 SF office space in a walkable Gaithersburg location.
      945 Russell Ave B, Gaithersburg, MD 20879
      View Details
    • Contact for pricing
      8,960 SF

      Flex-Industrial Space Near Airpark

      Flex-industrial space with warehouse, showroom, and office components.
      19211 Chennault Way, Gaithersburg, MD 20879
      View Details
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    Gaithersburg, MD 20879
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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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