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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Snowden Farm Pkwy Clarksburg, MD 20871

    • Apartment buildings
    • 67,321 SF
    • 6.10 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1853114
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for Snowden Farm Pkwy

    Year built
    2013
    Lot size
    6.10 lot acres
    Property size
    67,321 SF
    Zone code
    R200
    Property type
    Apartment buildings
    APN
    02-03690390
    APU
    203690390

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $74,095,000
      Current use
      RESTAURANT
      $81,220,000
      Change: +10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clarksburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2528
    Latitude
    39.2286
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $367,080
    $0.00
    $0.00
    $35,510,700
    -
    $4,782,800
    $37,054,700
    $41,837,500

    Comparable in this City

    • Value Estimation
      $9,780,000
      16,685 SF

      11901 Breezy Mdw Dr

      APARTMENT HOUSE (5+ UNITS) • 16,685 SF
      11901 Breezy Mdw Dr, Clarksburg, MD 20871-5350
      View Details
    • Value Estimation
      $9,780,000
      16,685 SF

      11860 Country Squire Way

      APARTMENT HOUSE (5+ UNITS) • 16,685 SF
      11860 Country Squire Way, Clarksburg, MD 20871-5348
      View Details
    • Value Estimation by Request
      172,276 SF

      19520 Waters Rd

      APARTMENT HOUSE (100+ UNITS) • 172,276 SF
      19520 Waters Rd, Clarksburg, MD 20871-2701
      View Details
    • Value Estimation
      $25,340,000
      19,641 SF

      Newcut Rd

      APARTMENT HOUSE (5+ UNITS) • 19,641 SF
      Newcut Rd, Clarksburg, MD 20871
      View Details
    • Value Estimation by Request
      143,691 SF

      22551 Cabin Br Ave

      APARTMENT HOUSE (100+ UNITS) • 143,691 SF
      22551 Cabin Br Ave, Clarksburg, MD 20871-9548
      View Details
    • Value Estimation by Request
      58,290 SF

      Newcut Rd

      APARTMENT HOUSE (100+ UNITS) • 58,290 SF
      Newcut Rd, Clarksburg, MD 20871
      View Details

    Similar Nearby for Sale

    • $399,990

      Condo in 55+ Community

      Comfortable one-bedroom condo with community amenities in Clarksburg.
      13240 Petrel St, Clarksburg, MD 20871
      View Details
    • $630,000
      2,350 SF

      Immaculate Clarksburg Village Home

      Move-in ready home in desirable Clarksburg Village with modern amenities.
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    • $569,999

      Clarksburg Townhouse with Modern Upgrades

      Pulte-built townhouse in Clarksburg, MD with modern upgrades and amenities.
      12831 Clarksburg Square Rd, Clarksburg, MD 20871
      View Details
    • $638,000
      2,718 SF

      Spacious 4-Bedroom Townhome with Garage

      Sun-filled end-unit townhome with walkout basement and detached 2-car garage.
      13007 Ebenezer Chapel Dr, Clarksburg, MD 20871
      View Details
    • $450,000

      Clarksburg Town Center Townhome

      Stunning, move-in ready townhome with luxury finishes and community amenities.
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    • $800,000

      Clarksburg Specialty Property For Sale

      Specialty property available for purchase in Clarksburg, Maryland.
      13811 Dovekie Ave, Clarksburg, MD 20871
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    Similar Nearby for Lease

    • $2,795 /Mo

      Elegant End-Unit Home For Rent

      End-unit home with upgrades in Clarksburg Town Center.
      23624 Overlook Park Dr, Clarksburg, MD 20871
      View Details
    • $1,932 /Mo

      Route 355 Frontage Opportunity

      Office or retail space with building signage on Route 355.
      1896 Urbana Pike, Clarksburg, MD 20871
      View Details
    • Contact for pricing
      4,291 SF

      Clarksburg Flex/Industrial/Office Space Available

      Flex, industrial, and office space available for lease.
      22516 Gateway Center Dr, Clarksburg, MD 20871
      View Details
    • $12 SF/Yr
      60,680 SF

      Clarksburg Warehouse Space Available

      60,680 sq ft warehouse space for lease.
      22530 Gateway Center Dr, Clarksburg, MD 20871
      View Details
    • $800 /Mo

      Professional Office Suite in Clarksburg

      Affordable office space with convenient access and on-site parking.
      23310 Frederick Rd Unit, Clarksburg, MD 20871
      View Details
    • Contact for pricing
      830 SF

      Retail Space Near I-270

      Retail space with direct access to I-270 and Rt 355.
      23203-23213 Stringtown Rd, Clarksburg, MD 20871
      View Details
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    Snowden Farm Pkwy
    Clarksburg, MD 20871
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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