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Property profile & analytics
OFF-MARKET Estimated value $23,490,000
Outlet malls

10400 Old Georgetown Rd Bethesda, MD 20814-1914

45,768 SF 10.26 ac lot Built 1973
Entity Owned 4-yr Hold Free & Clear
Property ID
US40-1489220
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Le Prestige Cleaners (Bike/Boat/Book/etc) Store
  • Poki DC Restaurant
  • Giant Pharmacy Pharmacy
  • Giant Food Grocery & Convenience Store Food Market
  • Verizon Electronics & Wireless Store
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
Old Georgetown Square LLC · 4 yrs held
Old Georgetown Square LLC
since 2021
5 recorded transactions
2021
Price N/A
2019
Price N/A
2002
Price N/A
1997
Price N/A
1969
Price N/A
Zoning & alternative use
CRT1. · Bethesda, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $36.6M +44.7%
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