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Property profile & analytics
OFF-MARKET
Estimated value
$18,890,000
Office buildings
9841 Washingtonian Blvd, Gaithersburg, MD 20878-5389
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US40-0608193
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
105,895 SF
Lot
1.7 ac (73,856 SF)
Zoning code
MXD
APN
09-03405773
UPID
US40-0608193
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
-
Genetoo Inc. Corporate Office
-
Inviter - Video Invitations & Video Greetings Event Planning Wedding Service
-
NetCaptioning Film Production Television Studio
-
Exo-Tech Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
ATA Systems (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.24M
Comparable Approach
Comparable
$22.76M
Blend (final)
Blend
$18.89M
Owner & transaction history
Tbc-washingtonian LLC · 15 yrs held
Tbc-washingtonian LLC
since 2011
4 recorded transactions
Zoning & alternative use
MXD · Gaithersburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,010,000
6.5%
$21,240,000
7%
$19,720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$30,940,000
Current use
Blend value · Realmo final
$18.89M
Range $17.00M – $20.78M · ±10%
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
$178 / 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
$290,655
Tax year 2022
Assessed value
$22,213,400
Assessed 2023
Previous assessed
$22,213,400
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$2,487,400
Assessed improvement
$19,726,000
Land market value
$2,487,400
Improvement market value
$19,726,000
Total market value
$22,213,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
YES
Stories
5
Units
1
Total area
105,895 SF
Lot
1.7 ac (73,856 SF)
Zoning code
MXD
APN
09-03405773
UPID
US40-0608193
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXD · Gaithersburg, MD
Zoning MXD · permitted uses
MXD · 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
OFFICE BUILDING Current
Est. value
$30.9M
OFFICE BUILDING Current
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Tbc-washingtonian LLC
Entity
Mailing address
3168 BRAVERTON ST STE #400, EDGEWATER, MD 21037-2675
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Washingtonian Lake Retail LLC
—
Deed
related
$11,500,000 · Atlantic Union Bk
Jul 25, 2018
—
Tbc Springhill Gaithersburg Ll
—
Loan Modification
related
$10,000,000 · Sandy Spring Bk
Jan 21, 2011
$32,000,000
Tbc-washingtonian LLC
Washingtonian Office Assocs Ll
Grant Deed
related
—
Jul 12, 2006
—
Fsp-washingtonian LLC
—
Deed Of Trust
related
$20,000,000 · Capmark Financial INC
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
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