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Property profile & analytics
OFF-MARKET
Estimated value
$31,745,000
Warehouses
807 Frederick Ave Gaithersburg, MD 20877-4146
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0301997
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
123,375 SF
Lot
1.89 ac (82,267 SF)
Zoning code
CD
APN
09-03381381
UPID
US40-0301997
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.75M
Owner & transaction history
Ps Atlantic Coast 2021 B LLC · 5 yrs held
Ps Atlantic Coast 2021 B LLC
since 2021
Last sale
$38.5M
2 recorded transactions
Zoning & alternative use
CD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of CD zone is to provide encourage development, redevelopment and renovation of declining or underutilized properties along the corridor, create a more sustainable development pattern and enhance the city sense of place, promote revitalization within the Corridor by encouraging new private investment that also fosters equity and livability
Zone name
Corridor Development
General category
UNKNOWN
Zone area
136.26 ac
Source
Realmo
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
$36,065,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$38,615,000
Current use
COMMERCIAL (GENERAL)
$37,290,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$31.75M
Range $28.57M – $34.92M · ±10% · vs last sale $38.46M (May 24 2021)
Last sale anchor
$38.46M
May 24 2021
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
$257 / 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
$258,916
Tax year 2022
Assessed value
$21,497,100
Assessed 2023
Previous assessed
$19,585,867
+9.8% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,225,300
Assessed improvement
$19,271,800
Land market value
$2,225,300
Improvement market value
$19,271,800
Total market value
$21,497,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
123,375 SF
Lot
1.89 ac (82,267 SF)
Zoning code
CD
APN
09-03381381
UPID
US40-0301997
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CD · Gaithersburg, MDZoning CD · permitted uses
CD · Gaithersburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of CD zone is to provide encourage development, redevelopment and renovation of declining or underutilized properties along the corridor, create a more sustainable development pattern and enhance the city sense of place, promote revitalization within the Corridor by encouraging new private investment that also fosters equity and livability
Zone name
Corridor Development
General category
UNKNOWN
Zone area
136.26 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$38.6M
COMMERCIAL (GENERAL)
Est. value
$37.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Ps Atlantic Coast 2021 B LLC
Entity
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2021
$38,459,178
Ps Atlantic Coast 2021 B LLC
Gaithersburg Land Lllp
Special Warranty Deed
—
—
—
Gaithersburg Land Lllp
—
Deed Of Trust
related
$16,420,000 · Miscellaneous Ins Co
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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