Property profile

12743 Garrett Hwy Oakland, MD 21550

OFF-MARKET
Strip malls
Property ID
US40-1630658
21,550 SF 0.79 ac lot Built 1982
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a rare chance to acquire a prominent Oakland, MD commercial plaza. The property encompasses two income-producing buildings totaling over 21,550 square feet of leasable retail space, currently generating strong rental income. A highly profitable liquor store business is included in the sale, providing an immediate and established revenue stream. Financial statements for both the plaza and the liquor store are available upon request with a signed Non-Disclosure Agreement. Adding to the value proposition is approximately 0.79 acres of undeveloped land, offering significant potential for future expansion or development. A single-unit apartment is also part of the property, providing additional income potential or housing for on-site management. Located at 12743 Garrett Highway in Oakland, MD, this well-known plaza benefits from high visibility and strong local traffic. The property's size, diverse income streams, and development potential make it an attractive investment for both seasoned and emerging commercial real estate investors seeking a stable and growing portfolio. This is a turnkey operation with established tenants and a proven track record of profitability. The opportunity to acquire a well-established commercial plaza with additional land and a thriving liquor store business is truly unique and unlikely to be repeated. Serious inquiries only.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1982
Construction BRICK
Total area 21,550 SF
Lot 0.79 ac (34,412 SF)
APN 14-022392
UPID US40-1630658

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • (Bike/Boat/Book/etc) Store
  • Accounting Firm Tax Preparation
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice

Location

12743 Garrett Hwy Oakland, MD 21550-1119
Oakland metro Census 601
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$735k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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