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    3110-3140 Olney Sandy Spring Rd Olney, MD 20832

    • Retail properties
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3110-3140 Olney Sandy Spring Rd

    Property type
    Retail properties

    Description

    This exceptional retail opportunity is located within the Shoppes of Olney, situated at the intersection of Georgia Avenue (MD Route 97) and Olney Sandy Spring Road (MD Route 108), offering unparalleled visibility and accessibility from both major roadways. The space totals 1,172 square feet and is currently vacant, presenting a unique chance for a new tenant to establish a presence in a thriving commercial center. The property boasts multiple access points, including a full-movement traffic light, ensuring convenient ingress and egress for customers. The center is anchored by a top-performing store in the Washington DC Metropolitan area, drawing significant foot traffic and providing a strong retail environment. Olney is a highly desirable trade area, with average household incomes exceeding $177,000 within a three-mile radius, indicating a strong consumer base with significant purchasing power. The property's convenient location also offers easy access to the Intercounty Connector (ICC)/MD 200, approximately two miles away, enhancing regional accessibility. This prime retail space presents an excellent opportunity for businesses seeking high visibility and a strong customer base in a prosperous community. The space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olney
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0636
    Latitude
    39.1507

    Comparable in this City

    • Value Estimation by Request
      10,560 SF

      18115 Georgia Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,560 SF
      18115 Georgia Ave, Olney, MD 20832-1439
      View Details
    • Value Estimation by Request
      7,865 SF

      18209 Hillcrest Ave

      SHOPPING CENTER, STRIP CENTER • 7,865 SF
      18209 Hillcrest Ave, Olney, MD 20832-1422
      View Details
    • Value Estimation by Request
      3,537 SF

      5500 Olney Laytonsville Rd

      RESTAURANT • 3,537 SF
      5500 Olney Laytonsville Rd, Olney, MD 20832-1920
      View Details
    • Value Estimation by Request
      1,935 SF

      17920 Georgia Ave

      FINANCIAL BUILDING • 1,935 SF
      17920 Georgia Ave, Olney, MD 20832-2289
      View Details
    • Value Estimation
      $1,935,000
      5,925 SF

      16650 Georgia Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,925 SF
      16650 Georgia Ave, Olney, MD 20832-2418
      View Details
    • Value Estimation
      $8,800,000
      5,850 SF

      18062 Georgia Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,850 SF
      18062 Georgia Ave, Olney, MD 20832-2238
      View Details

    Similar Nearby for Sale

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      Olney Retail Space - Prime Location

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      Olney Laytonsville Land Opportunity

      Land available on Olney Laytonsville Road, Olney, Maryland.
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      Prime Commercial Land in Olney

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      Olney Specialty Property For Sale

      Specialty property available for purchase in Olney, Maryland.
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    • $1,200,000
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      Land and Home Development Opportunity

      2.98 acres in Olney, MD, with development potential.
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    Similar Nearby for Lease

    • Contact for pricing
      1,172 SF

      Shoppes of Olney Retail Space

      High-visibility retail space available in Olney, MD.
      3110-3140 Olney Sandy Spring Rd, Olney, MD 20832
      View Details
    • Contact for pricing
      13,390 SF

      Olney Retail Space Available

      Retail property available for lease in Olney, Maryland.
      18330 Village Center Dr, Olney, MD 20832
      View Details
    • $6,500 /Mo

      Olney Retail/Office Space Available

      Retail and office space for lease in Olney, Maryland.
      17902 Georgia Ave, Olney, MD 20832
      View Details
    • $20 SF/Yr
      6,000 SF

      Warehouse, Flex & Retail Space

      Warehouse, flex, and retail space for lease on Georgia Ave.
      16650 Georgia Ave, Olney, MD 20832
      View Details
    • Contact for pricing
      829 SF

      Olney Mixed-Use Retail Space

      Retail and restaurant spaces available in Olney Shopping Center.
      3410 Olney Laytonsville Rd, Olney, MD 20832
      View Details
    • $3,943 /Mo

      Olney Office Space For Lease

      Office space in Olney town center with first-class finishes.
      3300 Olney Sandy Spring Rd, Olney, MD 20832
      View Details
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    3110-3140 Olney Sandy Spring Rd
    Olney, MD 20832
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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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