Takoma Park Historic District
7010 Westmoreland Ave Takoma Park, MD 20912
7010 Westmoreland Ave, Takoma Park, MD, 20912
Contact for pricing
For Sale
Contact for pricing
Pending
Commercial property in excellent condition with established business.
Property Size2,800 SF
Days on Market874
Property Features for 7010 Westmoreland Ave
General Information
- Standard status
- Pending
- Size
- 2,800 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1922
Listing agency
AMR Commercial LLC
(301) 961-9696
Listed by
Sam Farnum · License #MD 654758
Source
Crexi
Added: Feb 28, 2024 Updated: Jul 6 at 7:51AM Checked: Jul 19 at 6:24AM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.1k | $35.04 |
| − Vacancy | −$6.2k | −$2.21 |
| EGI | $91.9k | $32.83 |
| − OpEx | −$27.6k | −$9.85 |
| NOI | $64.4k | $22.98 |
2,800 SF · lease $35.04/SF/yr · vacancy 6.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$919.3K
$804.4K – $1.07M
NOI $64,352 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$985.0K
$861.9K – $1.15M
NOI $68,948 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Park Florist — 6921 Laurel Ave, Takoma Park, MD 20912
FAQs
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 $985,000.
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
