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    12312 Wilkins Ave North Bethesda, MD 20852

    Sponsored
    For Sale
    $1,790,000

    Four-Unit Retail Building, High Traffic Area

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment property, located at 12312 Wilkins Ave in Rockville, Maryland (zip code 20852), presents a compelling opportunity for discerning investors. The property, built in 1968, comprises four individual units, each boasting a generous square footage ranging from 2,000 to 3,000 square feet. This translates to a substantial total leasable area, ideal for a variety of retail businesses or a mixed-use strategy. The property benefits from a prime location in the thriving North Bethesda area of Montgomery County, ensuring high visibility and accessibility for tenants and customers. Ample parking is provided with 14 spaces, addressing a key concern for both tenants and their patrons. Each unit is equipped with multiple bathrooms, adding to the convenience and functionality of the space. Furthermore, the inclusion of conference rooms within the building enhances its appeal to a broader range of potential tenants, offering versatile space for meetings and collaborative work. Adding to the property's versatility, some warehouse space is also included, providing additional storage or operational capabilities. The asking price for this well-positioned retail investment is $1,790,000. This represents a significant opportunity to acquire a substantial and well-equipped retail property in a highly desirable location.

    Property Features for 12312 Wilkins Ave

    General Information

    Property type
    Retail properties
    Square Feet
    2,000 SF

    Building Details

    Year Built
    1968
    Units
    4

    HighLights

    • $1,790,000 asking price for this retail property.
    • Four units totaling approximately 2,000‑3,000 square feet each.
    • Located at 12312 Wilkins Ave, Rockville, MD 20852 in Montgomery County, near North Bethesda.
    • Built in 1968.
    • Features 14 parking spaces, multiple bathrooms, conference rooms, and some warehouse space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Unique Edge Photography Wedding Photographer Rolyn Constrctn Corporation Cleaners

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Bethesda
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.113414
    Latitude
    39.0583461

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    FAQs

    What type of property is this?
    Retail property - Four-Unit Retail Building, High Traffic Area
    Where is this retail property located?
    The property is located at 12312 Wilkins Ave North Bethesda, MD.
    What is the asking price?
    The asking price for this property is $1,790,000.
    What are key features of this property?
    This property features: $1,790,000 asking price for this retail property.; Four units totaling approximately 2,000-3,000 square feet each.; Located at 12312 Wilkins Ave, Rockville, MD 20852 in Montgomery County, near North Bethesda.
    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
    12312 Wilkins Ave North Bethesda, MD 20852
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