Property profile

17902 Georgia Ave 200 Olney, MD 20832

FOR LEASE
Office buildings
Property ID
US40-1172402
7,842 SF 0.35 ac lot Built 1990
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Professionally built-out dental and medical office space in Olney, Maryland, configured to offer suite sizes ranging from approximately 1,000 to 3,168 square feet, with a current configuration of about 2,068 square feet. The office suite includes elevator access and reserved parking, and the overall configuration allows suites to be resized smaller or expanded within the stated range based on operational needs; reserved spaces are provided accordingly and additional on-site parking is available for visitors (12 spaces), with further parking across the street. The space is served by water and electric utilities, and is set up for medical uses such as dentistry, orthodontics, oral surgery, or other healthcare practices. Tenant responsibilities for facility systems include HVAC and roof maintenance, with utilities typically handled separately and water expenses shared proportionally with upstairs tenants. The building supports prominent exterior signage (permitted at tenant expense) and is positioned along a high-traffic corridor; the property is also designed with a flexible suite layout suitable for establishing a practice or scaling within the available suite size range.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction BRICK
Total area 7,842 SF
Lot 0.35 ac (15,358 SF)
Zoning code CRT2.
APN 08-02809628
UPID US40-1172402

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
  • Insurance Agency
  • Clothing Store
  • Medical Clinic
  • Physician
  • Physician

Location

17902 Georgia Ave, Unit 200 Olney, MD 20832
Olney metro Census 701312 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.49M
Blend (final) Blend
$1.98M

Owner & transaction history

since 2018
3 recorded transactions
2023
Price N/A
2018
$2.0M
1969
Price N/A

Zoning & alternative use

CRT2. · Olney, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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