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    3405 Olandwood Ct Olney, MD 20832

    Sponsored
    For Sale
    $1,300,000

    Four contiguous office condos, ideal for business expansion.

    Property size:
    3,706 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents four contiguous office condominiums totaling 3,706 square feet, situated on the entire second floor of 3405-3407 Olandwood Court in Olney, Maryland. The space boasts a versatile layout, including multiple private offices and a spacious open work area, perfect for a variety of business needs. Benefit from abundant natural light with windows on four sides of the building. The property is offered at $1,300,000, with a price per square foot of $350.78. Annual real estate taxes for the period of July 1, 2023, to June 30, 2024, are $12,956.08, and the monthly condo fee is $1,703.70. This two-story building offers a prime location in Montgomery County, Maryland, with the zip code 20832. The property is categorized as Creative Office, Executive Office, and Traditional Office space, making it suitable for a wide range of professional uses. This is a unique chance to acquire a substantial and well-appointed office space in a desirable location. Consider purchasing two or all four condos to meet your specific business requirements.

    Property Features for 3405 Olandwood Ct

    General Information

    Property type
    Office space
    Square Feet
    3,706 SF

    Building Details

    Stories
    2

    HighLights

    • Four contiguous office condominiums totaling 3,706 square feet.
    • Occupies the entire second floor of 3405‑3407 Olandwood Court, Olney, MD 20832.
    • Features multiple private offices and a spacious open work area.
    • Abundant natural light from windows on four sides.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gastro Center of Maryland Medical Clinic Josh Rosenbloom, DO Gastroenterologist Pia Prakash, MD Gastroenterologist Eduardo Castillo, M.D. Gastroenterologist Rudy Rai, MD Gastroenterologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Olney
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.067068857804
    Latitude
    39.156002982625

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    FAQs

    What type of property is this?
    Office space - Four contiguous office condos, ideal for business expansion.
    Where is this office space located?
    The property is located at 3405 Olandwood Ct Olney, MD.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Four contiguous office condominiums totaling 3,706 square feet.; Occupies the entire second floor of 3405-3407 Olandwood Court, Olney, MD 20832.; Features multiple private offices and a spacious open work area.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    3405 Olandwood Ct Olney, MD 20832
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