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    18301-18331 Leaman Farm Way, Germantown, MD

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    Retail space available in Giant-anchored Germantown shopping center.

    Type:RETAIL
    Property size:
    4,000 SF
    Lot size:
    13.13 Acres
    Added:
    Dec 12, 2023
    Days on Market:
    892
    Last Refresh:
    Apr 5 at 11:23 pm

    Property Features for 18301-18331 Leaman Farm Way

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Lot size
    13.13 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 18301-18331 Leaman Farm Way Contact us

    We can help!

    Listing Contact
    Thomas Jackman
    Thomas Jackman

    Listing agent Thomas Jackman License #636848

    Listing office JLL | Washington DC

    Listing date Dec 12, 2023

    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 JLL | Washington DC

    HighLights

    • High average household income of $150,701 within a 5‑mile radius.
    • 108,806 SF Giant‑anchored shopping center.
    • Located in the heart of a residential community.
    • Excellent co‑tenancy including Starbucks, Montgomery Co Liquors and Paisano’s.
    • Easy access from multiple major routes: Rte 118, Clopper Rd, and Great Seneca Highway.
    • High population density of 224,601 people within a 5‑mile radius.

    Overview

    Located in Germantown, Maryland, this shopping center offers retail space within a 108,806 square foot Giant-anchored complex. The location benefits from a high population density, with 224,601 residents within a 5-mile radius, and an average household income of $150,701. The center is positioned within the residential community of Gaithersburg and features a mix of tenants, including Starbucks, Montgomery Co Liquors, and Paisano’s. The property is accessible from Rte 118 (with a traffic volume of 22,141 vehicles per day), Clopper Rd (20,522 VPD), and Great Seneca Highway (16,320 VPD).
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Shops at Town Center & Century Station — 9718 Germantown Rd, Germantown, MD 20874
    • Germantown Commons — 13060 Middlebrook Road, Germantown, MD 20874
    • Coinstar Kiosk | Bitcoin ATM — Giant Landover, 13060 Middlebrook Road, Germantown, MD 20874
    • Coinstar Kiosk | Bitcoin ATM — Safeway, 19718 Germantown Road, Germantown, MD 20874
    • Germantown Plaza — Wisteria Dr, Germantown, MD 20874

    Map

    City
    Germantown
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2717
    Latitude
    39.1732

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in Giant-anchored Germantown shopping center.
    Where is this shopping center located?
    The property is located at 18301-18331 Leaman Farm Way Germantown, MD.
    What are key features of this property?
    This property features: High average household income of $150,701 within a 5‑mile radius.; **108,806 SF Giant‑anchored shopping center.**; Located in the heart of a residential community.
    (301) 580-1512 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Jackman
    Thomas Jackman
    Real Estate License ID: 636848
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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.

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