Building Details

Year Built 1922

Year Renovated 2010

Buildings 1

Stories 3

Tenancy Single

Listing Agency: AMR Commercial LLC

Listed By: Sam Farnum · License #MD 654758 Show Phone

Source: Crexi

Added: Feb 28, 2024 Changed: Oct 11 Last Checked: Oct 19 at 4:38AM

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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 AMR Commercial LLC

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Investment Insights

Based on property information with market context.

This commercial property is located in the Takoma Park Historic District. The building is in excellent condition and features solar panels on the roof. A successful business has been established here since 1972. The property is subject to a sale-leaseback with a 10-year, NNN lease. The property is a seven-minute walk to the Takoma Metro Station. The property size is 2,800 square feet.

Key Highlights

• Sale‑Leaseback (10 years, NNN lease)
• Seven minute walk to the Takoma Metro Station
• Building in excellent condition

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,352

Cap Rate

6.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,287,040 $1.3M

Cap Rate 7%

$919,314 $919.3K

Cap Rate 9%

$715,022 $715.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$98.1K $35.04/SF

− Vacancy

−$6.2K −$2.21/SF

EGI

$91.9K $32.83/SF

− OpEx

−$27.6K −$9.85/SF

NOI

$64.4K $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%

$1,287,040

Cap Rate 7%

$919,314

Cap Rate 9%

$715,022

Alternative Uses

Best Use

Retail

$919.3K

$804.4K – $1.07M (±1% cap)

NOI $64,352 @ 7.0% cap · market cap 6.60%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$985.0K

$861.9K – $1.15M (±1% cap)

NOI $68,948 @ 7.0% cap · market cap 7.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Hair Salon Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,336

Businesses Nearby

21k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 51% Dining 34% Home Improvements & Furnishings 15%

BP Shops & Services

10,880 visits/mo 0.4 miles

Starbucks Dining

7,325 visits/mo 0.2 miles

Old Takoma Ace Hardware Home Improvements & Furnishings

3,282 visits/mo 0.0 miles

Demographics for 20912, MD

25,463

Population

10,140

Households

2.5

Avg Household Size

38

Median Age

51%

College-Educated

86%

High-School Grad

2.7 sq mi

ZIP Area

9,431

Density / Sq Mi

$82,097

Median Household Income

$48,447

Median Earnings

$1,452

Median Rent

$671,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial property in excellent condition with established business.

Where is this storefront property located?

The property is located at 7010 Westmoreland Ave Takoma Park, MD.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Sale‑Leaseback (10 years, NNN lease); Seven minute walk to the Takoma Metro Station; Building in excellent condition