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    26133 Ridge Rd Damascus, MD 20872

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    26133 Ridge Rd Damascus, MD 20872

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    • Retail properties & Spaces
    • 8,015 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Austin Stein - State Farm Insurance Agent / Insurance Agency

    Property Details for 26133 Ridge Rd

    Property size
    8,015 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail property, located at 26133 Ridge Rd in Damascus, Maryland, presents a significant opportunity for businesses seeking a prominent location in Montgomery County. The property is a multi-tenant storefront totaling 8,015 square feet, with 5,400 square feet currently available for lease. This substantial space offers high visibility and ample room for a variety of retail ventures. The address is easily accessible, situated at 26133 Ridge Rd, zip code 20872, in the thriving Damascus community. Its convenient location provides excellent exposure to a substantial customer base. The property's classification as a retail storefront ensures high foot traffic and visibility, making it ideal for businesses that benefit from direct customer interaction. The building's total square footage of 8,015 square feet indicates a substantial structure, suggesting ample parking and potentially shared amenities. The property's location in Montgomery County, Maryland, offers access to a strong local economy and a diverse population. This presents a unique opportunity to establish or expand a retail business in a desirable and accessible location. The available 5,400 square feet provides significant flexibility for various retail concepts, allowing for customization to meet specific business needs. Serious inquiries are encouraged to explore this promising retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Damascus
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.208
    Latitude
    39.2865

    Comparable in this City

    • Value Estimation by Request
      2,280 SF

      9876 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,280 SF
      9876 Main St, Damascus, MD 20872-2016
      View Details
    • Value Estimation by Request
      1,312 SF

      26323 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,312 SF
      26323 Rdg Rd, Damascus, MD 20872-1946
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    • Value Estimation by Request
      1,800 SF

      26120 Woodfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      26120 Woodfield Rd, Damascus, MD 20872-2021
      View Details
    • Value Estimation
      $965,000
      2,502 SF

      27505 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,502 SF
      27505 Rdg Rd, Damascus, MD 20872-2419
      View Details
    • Value Estimation
      $1,490,000
      7,147 SF

      9936 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,147 SF
      9936 Main St, Damascus, MD 20872-2017
      View Details
    • Value Estimation
      $665,000
      3,740 SF

      26138 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,740 SF
      26138 Rdg Rd, Damascus, MD 20872-1866
      View Details

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    Similar Nearby for Lease

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      5,837 SF

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      Retail Space Near Starbucks

      Retail space for rent across from Starbucks on Ridge Rd.
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      Retail Spaces Available For Rent

      Retail spaces available, ranging from 2,615 to 5,400 square feet.
      26133 Ridge Rd, Damascus, MD 20872
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      Damascus Retail Spaces Available

      Retail spaces available, ranging from 1,355 to 5,837 SqFt.
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      Retail Space in Damascus, MD

      Retail space available for lease in Damascus, Maryland.
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      Damascus Retail and Office Space

      Retail and office spaces for lease in Damascus, Maryland.
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    26133 Ridge Rd
    Damascus, MD 20872
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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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