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10619 Connecticut Ave Kensington, MD 20895-2525

OFF-MARKET Auto shops Google Maps
2,060 SF 1.06 ac lot Built 1961
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$655k
Range $590k – $721k (±10%)
Property ID US40-1463401

Property summary

AI-generated overview

Crossroads at Kensington offers a prime retail opportunity in the highly sought-after Kensington, MD market. This vibrant 11,000 square foot retail development is located at 10619 Connecticut Ave, 20895, in Montgomery County. Currently, there is 1,719 square feet of vacant space available, perfect for a variety of retail or restaurant uses. The property's location within a thriving community ensures high visibility and foot traffic. This is an exceptional chance to establish a business in a dynamic and underserved retail submarket within the greater Washington, DC area. The building's modern design and convenient location make it an ideal space for businesses seeking to capitalize on the area's strong demographics and growing economy. The multiple tenancy structure provides a diverse and engaging environment for customers. This space presents a unique opportunity for businesses looking to establish a strong presence in a desirable location. The available space is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire about this exceptional retail opportunity in a thriving community. The property is situated in Montgomery County, Maryland, offering access to a robust infrastructure and a strong local economy.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1961
Construction BRICK
Total area 2,060 SF
Lot 1.06 ac (46,052 SF)
Zoning code CRT2.
APN 13-01021326
UPID US40-1463401

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
$557k
Blend (final) Blend
$655k

Owner & transaction history

since 2018
3 recorded transactions
2024
Price N/A
2018
Price N/A
2017
$4.0M

Zoning & alternative use

CRT2. · Kensington, MD
Top alternative use upside
Commercial (general) $550,000 +90.4%
Office building $520,000 +80.6%

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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