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    OFF-MARKET
    Retail properties & Spaces

    2000 Starlite Plz, Oakland, MD 21550

    25,748 SF 4.6 ac lot Built 2007
    Property ID
    Property summary
    AI-generated overview

    This exceptional 25,748 square foot retail center in Oakland, Maryland, presents a compelling investment opportunity. Located at 2000 Starlite Plaza, this fee-simple property boasts four buildings on a 4.6-acre lot, built in 2007. Currently 100% occupied with a diverse tenant mix including Dollar Tree (10,080 sq ft), Aaron's (7,200 sq ft), Denny's (4,768 sq ft), and a Public Defenders office (3,700 sq ft total), the property generates a strong NOI of $231,835 and a 6.00% cap rate. The asking price is $3,800,000, translating to $147.58 per square foot. The property benefits from multiple lease options and rent bumps, ensuring long-term income stability. Two additional acres offer significant potential for future development, expanding the property's value and cash flow. Its prime location near Deep Creek Lake and Wisp Ski Resort, combined with high daily traffic counts (over 14,000 vehicles), ensures exceptional visibility and consistent customer traffic. This unique property attracts customers from across Maryland, Pennsylvania, Virginia, and West Virginia, making it a truly exceptional investment opportunity. The property consists of five units across four buildings.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2007
    Total area 25,748 SF
    Lot 4.6 ac (200,376 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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