Property profile

8005 Gramercy Blvd Derwood, MD 20855

OFF-MARKET
Retail properties & Spaces
Built 2023
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Property summary

AI-generated overview

The Laureate, a brand-new 2023 construction in Derwood, Maryland's vibrant Montgomery County, offers exceptional retail and office leasing opportunities. Four spaces are currently available, ranging from 1,534 square feet to 3,721 square feet, perfect for a variety of businesses. This prime location boasts unparalleled access to a substantial residential population, with over 1,458 multi-family units and 753 townhomes within close proximity. The development is strategically positioned near the bustling Shady Grove Metro Station, providing convenient access to a daily ridership of 12,609 WMATA commuters. Ample parking is available with 5,745 commuter spaces. Furthermore, the area is planned for significant future growth, including a proposed library, school, community center, and athletic field, ensuring long-term viability and increased foot traffic. The surrounding area also includes a substantial amount of future mixed-use space totaling 1,130,000 square feet. This property presents a unique chance to establish a thriving business in a rapidly developing and highly accessible location at 8005 Gramercy Blvd, Derwood, MD 20855. The total retail and office space available within the development exceeds 28,000 square feet.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2023

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8005 Gramercy Blvd Derwood, MD 20855
Derwood 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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