Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8005 Gramercy Blvd Derwood, MD 20855
    Back to Search
    Property profile & analytics

    8005 Gramercy Blvd Derwood, MD 20855

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 8005 Gramercy Blvd

    Year built
    2023
    Property type
    Retail properties & Spaces

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Derwood
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1653
    Latitude
    39.1245

    Comparable in this City

    • Value Estimation by Request

      8010 Gramercy Blvd

      Retail properties & Spaces
      8010 Gramercy Blvd, Derwood, MD 20855
      View Details
    • Value Estimation
      $515,000
      1,920 SF

      7201 Muncaster Ml Rd

      SERVICE STATION (FULL SERVICE) • 1,920 SF
      7201 Muncaster Ml Rd, Rockville, MD 20855-1216
      View Details
    • Value Estimation
      $1,805,000
      16,800 SF

      15531 Frederick Rd

      VEHICLE SALES, RENTALS • 16,800 SF
      15531 Frederick Rd, Rockville, MD 20855-2110
      View Details
    • Value Estimation
      $845,000
      23,045 SF

      17501 Redland Rd

      SHOPPING CENTER, STRIP CENTER • 23,045 SF
      17501 Redland Rd, Rockville, MD 20855-1233
      View Details
    • Value Estimation by Request
      1,827 SF

      16210 Frederick Rd

      AUTO REPAIR, GARAGE • 1,827 SF
      16210 Frederick Rd, Rockville, MD 20855
      View Details
    • Value Estimation
      $755,000
      3,419 SF

      15501 Frederick Rd

      VEHICLE SALES, RENTALS • 3,419 SF
      15501 Frederick Rd, Rockville, MD 20855-2110
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,100 SF

      Freestanding Bank Branch with Drive-Thru

      0.96-acre pad with existing 4,100 SF building.
      350 E Gude Dr, Rockville, MD 20855
      View Details
    • $325,000
      1.00 Acre

      Land For Sale, Derwood, MD

      One acre of land available in Derwood, Maryland.
      5710 Dimes Rd, Derwood, MD 20855
      View Details
    • $340,000

      Derwood Land Parcel For Sale

      1.3670 acre lot in Derwood near Olney and Rockville.
      5812 Dimes Rd, Rockville, MD 20855
      View Details
    • $219,000
      Pending

      Rockville Office Condo For Sale

      Well-maintained office condo with functional layout, convenient location, ample parking.
      15825 Crabbs Branch Way, Rockville, MD 20855
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,714 SF

      Retail Spaces For Lease

      Retail spaces available in community center near new homes.
      7206-7250 Muncaster Mill Rd, Derwood, MD 20855
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      8010 Gramercy Blvd, Derwood, MD 20855
      View Details
    • Contact for pricing
      801 SF

      Retail Space Near Shady Grove

      Retail space near Shady Grove Metro Station for lease.
      8010 Gramercy Blvd, Rockville, MD 20855
      View Details
    • Contact for pricing
      1,700 SF

      Retail Spaces For Lease

      Retail spaces available in community center near new homes.
      7258 Muncaster Mill Rd, Derwood, MD 20855
      View Details
    • Contact for pricing

      Conveniently Located Business Center

      Accessible location near major transportation routes, suitable for diverse businesses.
      15958 Derwood Rd, Derwood, MD 20855
      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.
    8005 Gramercy Blvd
    Derwood, MD 20855
    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
    8005 Gramercy Blvd, Derwood, MD, 20855
    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!