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    10504-10540 Connecticut Ave Kensington, MD 20895
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    10504-10540 Connecticut Ave Kensington, MD 20895

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    • Retail properties & Spaces
    • 51,004 SF
    • 3.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 10504-10540 Connecticut Ave

    Year built
    1956
    Lot size
    3.17 lot acres
    Property size
    51,004 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional investment opportunity presents two buildings comprising the Kensington Shopping Center, totaling 51,004 square feet, situated on a 3.17-acre lot at the highly visible, signalized intersection of Connecticut Avenue and Howard Avenue in historic Kensington, Maryland. Built in 1956 and extensively renovated in 2009, this property offers a blend of retail and office space, currently configured as multiple tenancies. The two-story buildings feature a mix of executive and creative office spaces, ideal for a variety of businesses. Currently, there is 2,146 square feet of vacant space available, including one immediately available 1,540 square foot suite. The property benefits from excellent visibility due to large pylon signage. The location boasts strong area demographics within the vibrant Kensington community. The address is 10504-10540 Connecticut Ave, Kensington, MD 20895, in Montgomery County. While elevators are not present, the two-story building layout offers convenient access. This property presents a unique chance to acquire a well-maintained, established commercial center in a desirable location.

    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
    Kensington
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0775
    Latitude
    39.0281

    Comparable in this City

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      $30,380,000
      114,570 SF

      11301 Rockville Pike

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    • Value Estimation by Request
      2,031 SF

      3717 Decatur Ave Ste, Unit 2

      CONDOMINIUM OFFICES • 2,031 SF
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    • Value Estimation by Request
      1,146 SF

      3841 Farragut Ave, Unit 13

      CONDOMINIUM OFFICES • 1,146 SF
      3841 Farragut Ave, Kensington, MD 20895-2004
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    • Value Estimation by Request
      941 SF

      3821 Farragut Ave, Unit 17

      CONDOMINIUM OFFICES • 941 SF
      3821 Farragut Ave, Kensington, MD 20895-2004
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    • Value Estimation by Request
      1,011 SF

      3821 Farragut Ave, Unit 9

      CONDOMINIUM OFFICES • 1,011 SF
      3821 Farragut Ave, Kensington, MD 20895-2004
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    • Value Estimation by Request
      2,201 SF

      10559 Metropolitan Ave

      CONDOMINIUM OFFICES • 2,201 SF
      10559 Metropolitan Ave, Kensington, MD 20895-2627
      View Details

    Similar Nearby for Sale

    • $349,500

      KENSINGTON Commercial Sale Opportunity

      Commercial property in KENSINGTON, MD, with mixed-use zoning.
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    • $500,000
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      1,146 SF

      Retail Space For Sale

      Retail space available, approximately 1,146 square feet.
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    • $349,500

      Land in Kensington, Maryland

      Land available in Kensington, MD, near transit and amenities.
      3841 Farragut Ave, Kensington, MD 20895
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    Similar Nearby for Lease

    • $2.00 SF/Yr

      Versatile Commercial Flex Space

      Flex space in Kensington with high ceilings and parking.
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    • $2,995 /Mo

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      Kensington Office Space Available

      Office space for rent in Kensington, Maryland, 1196 square feet.
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    • $26 SF/Yr

      Kensington Office Space for Rent

      Office space available for rent in Kensington, Maryland.
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    • $22 SF/Yr

      Kensington Shopping Center Office Space

      Second-floor office space in a retail center with ample parking.
      10504-10540 Connecticut Ave, Kensington, MD 20895
      View Details
    • Contact for pricing
      1,540 SF

      Retail Space in Kensington, MD

      Retail space available for lease in Kensington, Maryland.
      10516 Connecticut Ave, Kensington, MD 20895
      View Details
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    Kensington, MD 20895
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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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