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10400 Old Georgetown Rd, Bethesda, MD 20817
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Property summary
AI-generated overview
This exceptional retail space, located at 10400 Old Georgetown Road in Bethesda, Maryland, offers a unique opportunity for businesses seeking a prominent location in Montgomery County. The property, known as Georgetown Square, comprises a total of 14,000 square feet of versatile space, currently entirely vacant and available for lease. The flexible layout allows for a single tenant to occupy the entire 14,000 square feet, or the space can be divided to accommodate multiple tenants, with a minimum divisible unit of 7,000 square feet. This makes it ideal for a variety of retail concepts, particularly those seeking a creative or commercial space. The property's prime location in Bethesda, MD, 20814, ensures high visibility and accessibility for customers. The building's address is 10400 Old Georgetown Road. This is a rare opportunity to secure a substantial and highly visible retail space in a thriving market. The property is classified as Creative Short/Commercial and offers a total of 14,000 square feet, with a maximum contiguous space of 14,000 square feet. The property type is retail, and the tenancy is multiple. This presents a significant opportunity for businesses seeking a flexible and adaptable space in a desirable location. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Construction
BRICK
Total area
45,768 SF
Lot
10.26 ac (446,798 SF)
Zoning code
CRT1.
APN
04-00047690
UPID
US40-1489220
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
-
(Bike/Boat/Book/etc) Store
-
Restaurant
-
Pharmacy
-
Grocery & Convenience Store Food Market
-
Electronics & Wireless Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.19M
Comparable Approach
Comparable
$32.36M
Blend (final)
Blend
$23.49M
Owner & transaction history
since 2021
5 recorded transactions
Zoning & alternative use
CRT1. · Bethesda, MD
Top alternative use upside
Commercial (general)
$36.6M
+44.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$23.49M
Value range
$21.14M – $25.84M
±10% around blend
Estimated value / SF
$513 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$21.14M
blend $23.49M
$25.84M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
45,768 SF
Lot area
10.26 ac
Year built
1973
Stories
1
APN
04-00047690
Zoning
CRT1.
Assessed value
$38,000,000
Annual tax
$462,255
3
Income approach: direct capitalization
Partial preview
Income approach indication
$16.19M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$17.53M
@ 6.5% CAP return
$16.19M
@ 7% CAP return
$15.03M
4
Sales comparison
Partial preview
Sales approach indication
$32.36M
Range $3.93M – $35.42M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$23.49M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 91 sales
$552
-7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $513/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+45%
vs current-use indication
Retail Stores · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$38.00M
Move the market yield to see immediate price impact.
Value / SF
$830
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.39M
$47.88M
$34.20M
$26.60M
$2.66M
$53.20M
$38.00M
$29.56M
$2.93M
$58.52M
$41.80M
$32.51M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$462,255
Tax year 2022
Assessed value
$38,000,000
Assessed 2023
Previous assessed
$38,000,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$11,223,500
Assessed improvement
$26,776,500
Land market value
$11,223,500
Improvement market value
$26,776,500
Total market value
$38,000,000
Applied tax rate
38.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1973
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Units
7
Total area
45,768 SF
Lot
10.26 ac (446,798 SF)
Zoning code
CRT1.
APN
04-00047690
UPID
US40-1489220
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT1. · Bethesda, MDZoning CRT1. · permitted uses
CRT1. · Bethesda, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Units
7
Lot
10.26 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CRT1.
Jurisdiction
Bethesda, MD
Recorded code
CRT1.
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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