Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16650 Georgia Ave Olney, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Warehouse, flex, and retail space for lease on Georgia Ave.

    Type:FLEX_R_AND_D
    Property size:
    6,000 SF
    Lot size:
    2.17 Acres
    Added:
    Mar 12, 2024
    Days on Market:
    775
    Last Refresh:
    Apr 5 at 10:03 pm

    Property Features for 16650 Georgia Ave

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    2.17 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 16650 Georgia Ave Contact us

    We can help!

    Listing Contact
    Ross Conn
    Ross Conn

    Listing agent Ross Conn License #633650

    Listing office Avenue Real Estate, LLC

    Listing date Mar 12, 2024

    Source Moodyscre

    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 Avenue Real Estate, LLC

    Overview

    Warehouse, Flex & Retail Space

    This property offers warehouse, flex, and retail space for lease. The available space ranges from 3000 to 6000 square feet. The location provides excellent visibility and ample parking. Situated on Georgia Avenue, the property benefits from a high traffic volume of 39,000 vehicles per day and is located at a traffic light.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Barry Rogers Appraisiers Real Estate Agency Olney Antique Village ... Home Decor Store Savvy Mattress Outlet Furniture & Home Goods Terry Black PT Physician Simms Garage Door ... Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olney
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.072
    Latitude
    39.1301

    Nearby Similar for Lease

    • $3,943/Mo

      Olney Office Space For Lease

      Office space in Olney town center with first-class finishes.
      3300 OLNEY SANDY SPRING Road, OLNEY, MD 20832
      View Details
    • $1,845/Mo

      Olney Office Space For Lease

      Full-service Olney office building with modern finishes available for lease.
      3300 OLNEY SANDY SPRING Road, OLNEY, MD 20832
      View Details
    • $5,788/Mo

      Olney Office Space For Lease

      Office space in Olney town center with first-class finishes.
      3300 OLNEY SANDY SPRING Road, OLNEY, MD 20832
      View Details
    • $6,500/Mo

      Olney Medical/Dental Office Space

      Flexible medical or dental office space for lease in Olney.
      17902 Georgia Ave #200, OLNEY, MD 20832
      View Details
    • $7,200/Mo

      Olney Commercial Space For Rent

      Commercial space available for rent at Georgia Avenue intersection.
      18035 Georgia Ave, Olney, MD 20832
      View Details
    • Contact for pricing

      Olney Mixed-Use Retail Space

      Retail and restaurant spaces available in Olney Shopping Center.
      3410 Olney Laytonsville Rd, Olney, MD
      View Details
    • $17 SF/Yr

      Olney Office Space For Rent

      Office space featuring windowed offices, open workspace, and kitchen.
      3420 Morningwood Dr, Olney, MD
      View Details
    • Contact for pricing

      Olney Retail Space Available

      Retail property available for lease in Olney, Maryland.
      18330 Village Center Dr, Olney, MD
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Olney, Maryland.
      3110-3140 Olney Sandy Spring Rd, Olney, MD 20832
      View Details

    FAQs

    What type of property is this?
    Flex space - Warehouse, flex, and retail space for lease on Georgia Ave.
    Where is this flex space located?
    The property is located at 16650 Georgia Ave Olney, MD.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 3,000‑6,000 SF warehouse flex space available; Excellent visibility; High traffic location with 39,000 vehicles per day on Georgia Ave
    (410) 342-5263 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ross Conn
    Ross Conn
    Real Estate License ID: 633650
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!