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    19142 Montgomery Village Ave Montgomery Village, MD 20886
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    19142 Montgomery Village Ave Montgomery Village, MD 20886

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    • Retail properties & Spaces
    • 196,564 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 19142 Montgomery Village Ave

    Year built
    1969
    Property size
    196,564 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 196,564-square-foot multi-use shopping center in Montgomery Village, Maryland, presents a unique investment opportunity. Located at 19142 Montgomery Village Avenue, zip code 20886, this entire property is currently available for lease. Built in 1969, the center is situated in Montgomery County and offers a single, large suite ideal for a variety of retail or office uses. The property's significant size allows for substantial flexibility in tenant configuration and business operations. Its strategic location near I-270 ensures excellent accessibility and high visibility for businesses seeking a prominent presence in a thriving community. The center's design caters to the needs of the surrounding residential area, providing a convenient location for essential retail services. The entire 196,564 square feet is currently vacant, presenting a blank canvas for a large-scale tenant or a unique opportunity for redevelopment. This property offers a rare chance to acquire a substantial commercial space in a well-established and convenient location. The property's size and location make it an attractive proposition for businesses seeking significant space and high visibility in a densely populated area. The property's history and established presence in the community provide a strong foundation for future success. Detailed property information and lease terms are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery Village
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2056
    Latitude
    39.1713

    Comparable in this City

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      MD Montgomery Village Ave

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      18516 Office Park Dr

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      18522 Office Park Dr

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    • Value Estimation
      $895,000
      3,400 SF

      9921 Stedwick Rd

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    • Value Estimation
      $3,245,000
      33,688 SF

      19650 Clb House Rd

      OFFICE BUILDING • 33,688 SF
      19650 Clb House Rd, Gaithersburg, MD 20886-3003
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      Office Condominium For Sale

      Second floor office condominium with open plan and private offices.
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    Similar Nearby for Lease

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      Multi-Use Shopping Center For Rent

      Multi-use shopping center serving the surrounding residential area.
      19142 Montgomery Village Ave, Montgomery Village, MD 20886
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      2,881 SF

      Gaithersburg Office Space Available

      Office space for rent in Gaithersburg, Maryland.
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    • $1,000 /Mo

      Versatile Office Space Available

      Office space with ample room and abundant natural light.
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      Versatile Office Space Available

      Office space suitable for various professional uses, convenient location.
      19650 Club House Rd, Gaithersburg, MD 20886
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      3,600 SF

      Retail Space in Gaithersburg, MD

      Giant-anchored shopping center with high traffic and income demographics.
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      1,506 SF

      Gaithersburg Shopping Center For Rent

      169,000 SF shopping center in Montgomery County.
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    Montgomery Village, MD 20886
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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