Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7111 Westlake Ter Bethesda, MD 20817
    Back to Search
    Property profile & analytics

    7111 Westlake Ter Bethesda, MD 20817

    View on Map
    • Neighborhood centers
    • 22,606 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KeyExpress Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Truck Rental Center at The Home Depot / Car Rental Facility
    • Primo Water Exchange / Big Box & Wholesale Store
    • Garden Center at The Home Depot / Garden Center
    • Pro Desk at The Home Depot / Big Box & Wholesale Store / Building Supply

    Property Details for 7111 Westlake Ter

    Property size
    22,606 SF
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    This exceptional retail opportunity is located at 7111 Westlake Terrace in Bethesda, Maryland, within Montgomery County (zip code 20817). The property offers a total of 22,606 square feet of retail space, with two immediately available units ranging from 3,000 to 3,172 contiguous square feet. A total of 6,172 square feet is currently vacant. This neighborhood center boasts a strong tenant mix, including prominent national retailers such as Home Depot, Five Guys, and others. Nearby businesses include Sears, Macy's, Gap, Old Navy, Nordstrom, Apple, and numerous restaurants like Cheesecake Factory and Chipotle. The property benefits from its convenient location off Westlake Terrace and I-270, ensuring high visibility and accessibility. Adding to its appeal, a new 343-unit multi-family development, "The Rae," is under construction adjacent to the shopping center, bringing increased foot traffic and residential density. The Rae will feature amenities such as a fitness center, co-working lounge, pet spa, club room, swimming pool, and courtyard. This presents a unique opportunity for businesses seeking high-traffic locations in a thriving Bethesda community. Minimum divisible space is 3,000 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bethesda
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1446
    Latitude
    39.0272

    Comparable in this City

    • Value Estimation by Request
      112,000 SF

      Rock Spring Dr

      Lifestyle centers • 112,000 SF
      0 Rock Spring Dr, Bethesda, MD 20817
      View Details
    • Value Estimation
      $1,680,000
      24,498 SF

      10301 Westlake Dr

      MINI-MALL • 24,498 SF
      10301 Westlake Dr, Bethesda, MD 20817-6403
      View Details
    • Value Estimation
      $14,600,000
      68,770 SF

      10323 Westlake Dr, Unit 1

      DEPARTMENT STORE • 68,770 SF
      10323 Westlake Dr, Bethesda, MD 20817-6403
      View Details
    • Value Estimation by Request
      211,087 SF

      10235 Westlake Dr

      DEPARTMENT STORE • 211,087 SF
      10235 Westlake Dr, Bethesda, MD 20817
      View Details
    • Value Estimation by Request

      7340 Westlake Ter

      Retail properties & Spaces
      7340 Westlake Ter, Bethesda, MD 20817
      View Details
    • Value Estimation
      $40,610,000
      215,598 SF

      10235 Westlake Dr

      DEPARTMENT STORE • 215,598 SF
      10235 Westlake Dr, Bethesda, MD 20817
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Home Depot Square

      3,172 SF retail space available near I-270.
      7111 Westlake Ter, Bethesda, MD 20817
      View Details
    • Contact for pricing
      6,278 SF

      Retail Space in Bethesda

      Retail space available with ample parking and high-income demographics.
      10414-10462 Auto Park Ave, Bethesda, MD 20817
      View Details
    • Contact for pricing
      1,857 SF

      Democracy Plaza Office Space Available

      Office space for lease in Bethesda, Maryland.
      6701 Democracy Blvd, Bethesda, MD 20817
      View Details
    • Contact for pricing
      4,103 SF

      Bethesda Office Space For Lease

      Office space available in Bethesda, Maryland, near Montgomery Mall.
      10411 Motor City Dr, Bethesda, MD 20817
      View Details
    • Contact for pricing
      3,731 SF

      Bethesda Office Space For Rent

      Office space with access to major roadways and public transportation.
      6720-B Rockledge Dr, Bethesda, MD 20817
      View Details
    • Contact for pricing
      5,896 SF

      Efficient Office Space Available

      Office space for rent with convenient highway access.
      6555 Rock Spring Dr, Bethesda, MD 20817
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7111 Westlake Ter
    Bethesda, MD 20817
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7111 Westlake Ter, Bethesda, MD, 20817
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!