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Property profile & analytics
FOR LEASE
Office buildings

9 Park Ave Gaithersburg, MD 20877

2,140 SF 0.28 ac lot Built 1894
Entity Owned 5-yr Hold Free & Clear
Property ID
US40-1351935
Property summary
AI-generated overview

This exceptional 2,140 square foot freestanding office building is available for lease in the heart of Old Towne, Montgomery County. The property is a commercially zoned house, offering a unique blend of character and modern functionality. Spread across two floors, the space boasts numerous windowed offices, providing ample natural light and a pleasant work environment. Recently refinished, the building presents a move-in ready opportunity for a single tenant. Key features include a large parking lot, providing convenient parking for employees and clients. The lease term is set at two years, offering stability and predictability. This is an ideal location for businesses seeking a prestigious address in a vibrant, established community. The building is a single-tenant space with no elevators. The property is perfect for a variety of office uses, including traditional, executive, or creative office settings. Don't miss this chance to secure a prime location in Old Towne. Inquire today to schedule a viewing.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1894
Construction BRICK
Total area 2,140 SF
Lot 0.28 ac (12,325 SF)
Zoning code CBD
APN 09-00843637
UPID US40-1351935
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
$430k
Comparable Approach Comparable
$659k
Blend (final) Blend
$520k
Owner & transaction history
Park Ave Inv LLC · 5 yrs held
Park Ave Inv LLC
since 2021
6 recorded transactions
2021
$625,000
2018
Price N/A
2017
Price N/A
2014
Price N/A
2007
Price N/A
2006
Price N/A
Zoning & alternative use
CBD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $670,000 +27.0%
Commercial (general) $645,000 +22.7%
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