Freestanding Retail Building Near
For Sale
$3,100,000
4707 Chase Ave, Bethesda, MD 20814
Two-story, 6,000 SF retail building near Bethesda Metro.
Property Size6,000 SF
Price / SF$516.67
Days on Market146
Property Features for 4707 Chase Ave
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Building Details
Building Size
6,000 SF
Listed By:
James Miers
(301) 605-3846
Source:
Naiglobal
Added: May 14
Changed: Sep 28
Last Checked: Oct 5 at 3:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of James Miers
Investment Insights
Based on property information with market context.
The property at 4707 Chase Avenue is a two-story, freestanding retail building totaling approximately 6,000 square feet. Previously, the building was occupied by an athletic studio, a spa, and a pizzeria that featured outdoor seating. The property is subject to an existing ground lease with 36 years remaining. There are 19 dedicated parking spaces located in the rear of the building. Additional public parking is available next door. The building is within walking distance of the Bethesda Metro Station (Red Line) and is close to numerous amenities, the NIH, and Walter Reed.
Key Highlights
- Freestanding retail building totaling 6,000± SF.
- Walking distance to the Bethesda Metro Station (Red Line).
- Benefit from 19 dedicated parking spaces in rear.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,896
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,757,920
$2.8M
Cap Rate 7%
$1,969,943
$2.0M
Cap Rate 9%
$1,532,178
$1.5M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$210.2K $35.04/SF
− Vacancy
−$13.2K −$2.21/SF
EGI
$197.0K $32.83/SF
− OpEx
−$59.1K −$9.85/SF
NOI
$137.9K $22.98/SF
Area
Montgomery County, MD
Vacancy
6.30%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,757,920
Cap Rate 7%
$1,969,943
Cap Rate 9%
$1,532,178
Alternative Uses
Best Use
Retail
$1.97M
$1.72M – $2.30M
NOI $137,896 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,746 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,745
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 37%
Hotels & Casinos 4%
Home Improvements & Furnishings 4%
Exxon
Shops & Services
15,115 visits/mo
0.3 miles
Benihana
Dining
11,942 visits/mo
0.1 miles
7-Eleven
Shops & Services
9,165 visits/mo
0.1 miles
Guapo's
Dining
8,785 visits/mo
0.2 miles
Capital One Bank
Shops & Services
4,236 visits/mo
0.2 miles
Demographics for 20814, MD
31,919
Population
15,388
Households
2.1
Avg Household Size
41
Median Age
84%
College-Educated
98%
High-School Grad
4.5 sq mi
ZIP Area
7,093
Density / Sq Mi
$150,401
Median Household Income
$90,050
Median Earnings
$2,329
Median Rent
$976,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Two-story, 6,000 SF retail building near Bethesda Metro.
Where is this retail space located?
The property is located at 4707 Chase Ave Bethesda, MD.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Freestanding retail building totaling 6,000± SF.; Walking distance to the Bethesda Metro Station (Red Line).; Benefit from 19 dedicated parking spaces in rear.
