Technical
Financial
Distress signals
Property profile

10144 Colesville Rd Silver Spring, MD 20901

OFF-MARKET
Gas stations
Property ID
US40-0151533
1,827 SF 0.23 ac lot Built 1959
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-established Shell service station located at 10144 Colesville Road, Silver Spring, MD, 20901. Boasting a newly remodeled convenience store, three service bays, and four pumps servicing up to eight vehicles simultaneously, this property benefits from a high annual average daily traffic count of 70,444. Currently operating under a modified gross lease with a local operator, the lease includes a buyout option. Furthermore, Potomac Energy Holdings, LLC (PEH) guarantees a daily income of $500 as manager compensation, and the lease also includes a 30-day right of first refusal for the operator. The property's location in Montgomery County, Maryland, within the bustling Silver Spring area, ensures consistent customer traffic and strong revenue potential. This asset offers a compelling combination of stable income and significant upside potential for investors seeking a foothold in the thriving Maryland retail market. The lease agreement provides a degree of security and the buyout option offers flexibility for future development or operational changes. This is a rare opportunity to acquire a high-performing gas station in a prime location. The property's strong financials, coupled with its strategic location, make it an attractive investment for both seasoned and emerging investors.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1959
Construction BRICK
Total area 1,827 SF
Lot 0.23 ac (10,060 SF)
Zoning code CRT1.
APN 13-01216440
UPID US40-0151533

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gas Station
  • Atm
  • Auto Repair Shop Vehicle Inspection Center

Location

10144 Colesville Rd Silver Spring, MD 20901-2425
Silver Spring metro Census 703100 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
$495k

Owner & transaction history

since 2010
7 recorded transactions
2010
$560,000
2001
$560,000
1997
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CRT1. · Silver Spring, MD

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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