Property profile

2000 Starlite Plz Oakland, MD 21550

OFF-MARKET
Retail properties & Spaces
25,748 SF 4.6 ac lot Built 2007
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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

Location

2000 Starlite Plz Oakland, MD 21550
Oakland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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