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    7010 Westmoreland Ave Takoma Park, MD 20912

    For Sale
    $1,040,000

    Historic District Storefront, 10-Year Lease

    Property size:
    2,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional Takoma Park storefront, located in the historic district at 7010 Westmoreland Ave, offers a compelling sale-leaseback opportunity. The 2,800 square foot, three-story building, constructed in 1922 and renovated in 2010, boasts a strong 10-year NNN lease with a 2.5% annual rent increase. The current tenant, operating a successful business since 1972, enjoys 100% occupancy, generating a substantial NOI of $78,000 and a 7.5% cap rate. The property features four parking spaces, solar panels, and is conveniently situated a seven-minute walk from the Takoma Metro Station. The asking price is $1,040,000 ($371.43/sq ft). The property is zoned NR and sits on a 5,364 square foot lot. This fee-simple ownership presents a rare opportunity for investors seeking a stable, income-producing asset in a thriving location. The building is in excellent condition and benefits from its proximity to a diverse range of retail and entertainment options. Showings are by appointment only to avoid disturbing the tenant.

    Property Features for 7010 Westmoreland Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,800 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1922/2010
    Buildings
    1
    Stories
    3

    HighLights

    • Sale/Leaseback opportunity available.
    • Long‑term tenant in place.
    • Prime downtown Takoma Park location, directly across from diverse retail and entertainment options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Takoma Park
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.011097634342
    Latitude
    38.97440514465

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    FAQs

    What type of property is this?
    Individual retail property - Historic District Storefront, 10-Year Lease
    Where is this individual retail 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 $1,040,000.
    What are key features of this property?
    This property features: Sale/Leaseback opportunity available.; Long-term tenant in place.; Prime downtown Takoma Park location, directly across from diverse retail and entertainment options.
    Request Owner's contact information
    7010 Westmoreland Ave Takoma Park, MD 20912
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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
    7010 Westmoreland Ave Takoma Park, MD 20912
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