Property profile

811 Russell Ave 2 Gaithersburg, MD 20879

OFF-MARKET
Life science properties
Property ID
US40-1714332
22,514 SF Built 1997
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,607 square foot single-tenant commercial space is ideally located at 811-F Russell Avenue in Gaithersburg, Maryland, within Montgomery County (zip code 20879). The property is classified as both retail and office space, making it highly versatile for a variety of businesses. Currently, the entire 1,607 square feet is vacant and immediately available for lease. This presents a unique opportunity for a business seeking a move-in ready space. The property's location in Gaithersburg offers excellent access to major transportation routes, ensuring convenient commutes for employees and clients. The single-tenant occupancy provides privacy and control over the entire space. This executive office suite is perfect for a company seeking a professional and efficient workspace. The property's classification as both retail and office allows for flexibility in its use, catering to a broader range of potential tenants. The building's size is ideal for businesses needing a substantial amount of space without the overhead of a larger property. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a prime commercial space in a desirable location. The address is 811-F Russell Avenue, Gaithersburg, MD 20879.

Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1997
Total area 22,514 SF
Zoning code C2
APN 09-03877343
UPID US40-1714332

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Florist
  • (Bike/Boat/Book/etc) Store
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Restaurant

Location

811 Russell Ave, Unit 2 Gaithersburg, MD 20879-3520
Gaithersburg metro Census 700733 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$617k
Blend (final) Blend
$810k

Owner & transaction history

since 2023
2 recorded transactions
2023
$4.1M
2023
$4.1M

Zoning & alternative use

C2 · Gaithersburg, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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