Montgomery County property record for 700 Progress Way, Gaithersburg, MD 20879 · Last verified August 2026
| Property Type | Industrial > Warehouse, Storage |
|---|---|
| Year Built | Built 2023 |
| Square Footage | 197,400 sqft Gross Area |
| Lot Size | 9.73 acres |
| Tax Bill | $479,783.00 (2025) |
| Primary APN | 09-03860024 |
|---|---|
| Alternative APN |
|
| Building Area | 197,400 sqft Gross Area |
|---|---|
| 1st Floor | 197,400 sqft 1st Floor |
| Stories | 1 Stories |
| Year Built | Built 2023 |
|---|---|
| Effective Year Built | Effective 2023 |
| Exterior Material | Concrete Exterior |
| Construction Type | Concrete Construction |
| Fire Resistance Class | Buildings having fireproofed structural steel frames carrying all wall, floor and roof loads. Wall, floor and roof structures are built of non-combustible materials. |
| Lot Area | 423,851 sqft |
| Cooling System | Central Cooling |
|---|---|
| Heating System | Space Heating |
| Account Number | 03860024 |
|---|---|
| Street Address | 700 PROGRESS WAY |
| City | GAITHERSBURG |
| State | MD |
| Zip | 20879-3134 |
| Property Usage | Industrial Property Usage |
| Type | Industrial > Warehouse, Storage |
| Legal Description | IBM SUB |
| Legal Subdivision | GAITHERSBURG TOWN |
| Legal Block | 2 |
| Legal Lot Number | 5 |
| Jurisdiction | MONTGOMERY MD |
| Minor Civil Division | 9 |
| Census Blockgroup | 2 |
| Census Block | 2002 |
| Census Tract | 700733 |
Source: Montgomery County records · APN 09-03860024
Assessment roll updated August 17, 2026 · Last verified August 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | 2 Company Names on File |
|---|---|
| Mailing Address | 4600 WEDGEWOOD BLVD, A, FREDERICK, MD 21703-7167 |
| Owner Type | Owner is a Company |
| Vesting | Company |
| Deed Names | 2 Verified Names on Deed |
|---|---|
| Record Refreshed | Sep 20, 2026 |
Source: Montgomery County records · Assessment roll updated August 17, 2026 · Last verified August 2026
| Type | Name |
|---|---|
| State | Maryland |
| County | Montgomery County |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $31,146,100 (+3.52%) Land $11,532,000 Building $19,614,100 | $31,146,100 (-) Land $11,532,000 Building $19,614,100 | |
| 2025 | $479,783.00 (+219.29%) | $30,088,467 (-11.4%) | $31,146,100 (-8.29%) Land $11,532,000 Building $19,614,100 |
| 2023 | $33,960,800 Land $10,481,600 Building $23,479,200 | $33,960,800 Land $10,481,600 Building $23,479,200 | |
| 2022 | $150,264.00 |
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