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Property profile & analytics
FOR LEASE
Retail space
16650 Georgia Ave, Olney, MD 20832
Entity Owned
4-yr Hold
Property ID
US40-0059288
For Lease
1 / 2
$20 SF/Yr
16650 Georgia Ave, Olney, MD 20832
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
BRICK
Total area
5,925 SF
Lot
2.11 ac (91,912 SF)
Zoning code
R200
APN
08-00720720
UPID
US40-0059288
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
-
Barry Rogers Appraisiers Real Estate Agency
-
Olney Antique Village LLC Home Decor Store (Bike/Boat/Book/etc) Store
-
Savvy Mattress Outlet Furniture & Home Goods
-
Terry Black PT Physician
-
Simms Garage Door Repairs Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Little Steps LLC · 4 yrs held
Little Steps LLC
since 2022
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
R200 · Olney, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Olney submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olney submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,850,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,270,000
6.5%
$2,095,000
7%
$1,945,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,825,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,680,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10% · vs last sale $1.85M (Jul 6 2022)
Last sale anchor
$1.85M
Jul 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$322 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$21,777
Tax year 2022
Assessed value
$1,727,067
Assessed 2023
Previous assessed
$1,686,200
+2.4% YoY
Effective rate
1.26%
On assessed value
Land market value
$1,213,200
Improvement market value
$595,600
Total market value
$1,808,800
Applied tax rate
42.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1900
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,925 SF
Lot
2.11 ac (91,912 SF)
Zoning code
R200
APN
08-00720720
UPID
US40-0059288
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R200 · Olney, MD
Zoning R200 · permitted uses
R200 · Olney, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olney. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.7M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Little Steps LLC
Entity
Mailing address
701 COTTONDALE CT, BEL AIR, MD 21015-8430
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2022
$1,850,000
Little Steps LLC
16650 Georgia LLC
Deed
$1,295,000 · Bank Five Nine
Apr 12, 2017
—
16650 Georgia LLC
—
Deed
related
$1,275,000 · Sandy Spring Bank
Jan 29, 2016
$1,550,000
16650 Georgia LLC
Brandon Dev LLC
Grant Deed
$1,525,000 · Nicojaye LLC
Jun 7, 2005
$1,900,000
Brandon Dev LLC
Rogers,jay
Grant Deed
$1,710,000 · Sandy Spring Bank
—
—
Brandon Dev LLC
—
Loan Modification
related
$1,254,660 · Sandy Spring Bank
—
—
Jay Rogers
—
Deed Of Trust
related
$550,000 · Sandy Spring Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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