Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    10001 Lewis Dr Ste C Damascus, MD 20872-1721

    • Commercial real estate
    • 1,551 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2024
    $302,000
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    6.9%
    Commercial real estate
    Location Intelligence
    Property ID
    US40-1036457
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • OCS MOTORSPORTS / Auto Repair Shop
    • Sam's Custom Auto Body / Auto Body Shop / Auto Glass Shop
    • A & B Luck Plumbing and Heating Inc. / Plumber / Bathroom Remodeler
    • SERVPRO of Poolesville / Clarksburg / Damascus / Building Restoration Service / Carpet Cleaning Service
    • Ray's Auto Repair LLC / Auto Repair Shop

    Property Details for 10001 Lewis Dr Ste C

    Lot size
    0.09 lot acres
    Property size
    1,551 SF
    Zone code
    I1
    Property type
    Commercial real estate
    APN
    12-03142247
    APU
    1203142247

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $300,000
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $350,000
      6.5%
      $320,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $382,000
      Market price range: $295k - $850k
      AI Estimate
      $291,000
      Market price range: $264k - $595k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $490,000
      WAREHOUSE, STORAGE
      $485,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Damascus
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2065
    Latitude
    39.2908
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,675
    $0.00
    $0.00
    $222,267
    -
    $69,700
    $162,900
    $232,600

    Comparable in this City

    • Value Estimation by Request
      1,551 SF

      10001 Lewis Dr E E Ste

      COMMERCIAL CONDOMINUIM • 1,551 SF
      10001 Lewis Dr E E Ste, Damascus, MD 20872-1721
      View Details
    • Value Estimation by Request
      18.35 Acres

      Long Cor Rd

      COMMERCIAL (GENERAL) • 18.35 Acres
      Long Cor Rd, Damascus, MD 20872
      View Details
    • Value Estimation by Request
      1,296 SF

      26219 Rdg Rd

      COMMERCIAL CONDOMINUIM • 1,296 SF
      26219 Rdg Rd, Damascus, MD 20872-1829
      View Details
    • Value Estimation by Request
      1.14 Acres

      9944 Lewis Dr

      COMMERCIAL (GENERAL) • 1.14 Acres
      9944 Lewis Dr, Damascus, MD 20872-1706
      View Details
    • Value Estimation by Request
      101,865 SF

      26075 Rdg Rd

      COMMERCIAL (GENERAL) • 101,865 SF
      26075 Rdg Rd, Damascus, MD 20872-1831
      View Details
    • Value Estimation by Request
      869 SF

      26221 Rdg Rd

      COMMERCIAL CONDOMINUIM • 869 SF
      26221 Rdg Rd, Damascus, MD 20872-1829
      View Details

    Similar Nearby for Sale

    • $350,000
      0.46 Acres

      Damascus Commercial Lot - High Traffic

      Prime .46-acre lot, high visibility.
      26530 Ridge Rd, Damascus, MD 20872
      View Details
    • $599,900

      Land For Sale

      Land available for purchase.
      Gue Rd, Damascus, MD 20872
      View Details
    • $195,000
      979 SF

      Second Floor Office Condominium

      Office condominium featuring private offices and an open work area.
      26215 Ridge Rd, Damascus, MD 20872
      View Details
    • $2,000,000
      25.00 Acres

      Equestrian Estate with Extensive Facilities

      World-class equestrian estate on 25 acres near Washington D.C.
      10901 Moxley Rd, Damascus, MD 20872
      View Details
    • $499,900

      Commercial Land For Sale

      Commercial land available for sale.
      26500 Clarksburg Rd, Damascus, MD 20872
      View Details
    • $214,000

      Updated Condo in Damascus Gardens

      Charming 2-bedroom condo with updated features and convenient location.
      26008 Brigadier Pl Pl, Damascus, MD 20872
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Damascus Office Space Available

      Office space for rent with easy highway access.
      9859-9871 Main St, Damascus, MD 20872
      View Details
    • Contact for pricing
      2,805 SF

      Damascus Retail Space For Lease

      Prime Damascus location, 2,850 sq ft, high traffic.
      9899 Main St, Damascus, MD 20872
      View Details
    • Contact for pricing
      5,837 SF

      Retail Spaces Available For Rent

      Various retail spaces available for rent with convenient parking.
      26011-26043 Ridge Rd, Damascus, MD 20872
      View Details
    • $1,150 /Mo

      Functional Office Space Available

      Versatile office space with conference room and modern amenities.
      10001 Lewis Dr, Damascus, MD 20872
      View Details
    • Contact for pricing
      78,878 SF

      Damascus Retail Center - Prime Location

      Multiple suites available, high-traffic area.
      26075 Ridge Rd, Damascus, MD 20872
      View Details
    • $9 SF/Yr
      8,015 SF

      Damascus Retail Space For Lease

      Prime Retail Storefront, 5,400 SF Available
      26133 Ridge Rd, Damascus, MD 20872
      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.
    10001 Lewis Dr Ste C
    Damascus, MD 20872-1721
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.