New search
Property profile & analytics
OFF-MARKET
Estimated value
$38,035,000
Distribution centers
8797 Snouffer School Rd, Gaithersburg, MD 20879-1624
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1839784
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2015
Total area
78,997 SF
Lot
6.15 ac (268,102 SF)
Zoning code
I4
APN
01-03743705
UPID
US40-1839784
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
-
Production Management One DC Marketing & Advertising Event Planning
-
York source 1 Warehouse & Storage
-
Fedex Express Drop Box Shipping Company Freight Service
-
Paul Davis Restoration and Remodeling of Suburban Maryland and DC Construction Company General Contractor
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.66M
Blend (final)
Blend
$38.04M
Owner & transaction history
Iv3 Snouffer School Road Portfolio · 4 yrs held
Iv3 Snouffer School Road Portfolio
since 2022
Last sale
$51.3M
2 recorded transactions
Zoning & alternative use
I4 · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$43.6M
+76.5%
Industrial (general)
$37.6M
+52.2%
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
$44,605,000
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
$24,725,000
Current use
RETAIL STORES
$43,640,000
Change: +77% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$37,640,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$38.04M
Range $34.23M – $41.84M · ±10% · vs last sale $51.25M (Apr 15 2022)
Last sale anchor
$51.25M
Apr 15 2022
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
$481 / 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
$116,308
Tax year 2022
Assessed value
$12,291,133
Assessed 2023
Previous assessed
$8,392,700
+46.5% YoY
Effective rate
0.95%
On assessed value
Land market value
$2,573,700
Improvement market value
$17,514,300
Total market value
$20,088,000
Applied tax rate
42.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2015
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
1
Units
1
Total area
78,997 SF
Lot
6.15 ac (268,102 SF)
Zoning code
I4
APN
01-03743705
UPID
US40-1839784
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
I4 · Gaithersburg, MD
Zoning I4 · permitted uses
I4 · Gaithersburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gaithersburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$24.7M
RETAIL STORES
Est. value
$43.6M
INDUSTRIAL (GENERAL)
Est. value
$37.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
INDUSTRIAL (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
2015
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
6.15 ac
Current owner
From public records · entity-resolved
Iv3 Snouffer School Road Portfolio
Individual
Mailing address
10960 GRANTCHESTER WAY STE #540, COLUMBIA, MD 21044-6114
Ownership since
2022
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
Mar 1, 2023
—
Iv3 Snouffer School Road Portfolio
—
Deed
related
$550,000,000 · Citi Real Estate Funding INC
Apr 15, 2022
$51,250,000
Iv3 Snouffer School Road Portfolio
Reserve Gaithersburg LLC
Special Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8797 Snouffer School Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
