Property profile

18100 Town Ctr Dr Olney, MD 20832

OFF-MARKET
Grocery and convenience stores
Property ID
US40-0839403
52,940 SF 10.87 ac lot Built 2011
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the Fair Hill Shopping Center at 18100 Town Center Dr, Olney, Maryland 20832, in Montgomery County. The property is a strip center with multiple tenants, offering a vibrant and established retail environment. Currently, there is 3,200 square feet of vacant space available, presenting a unique chance for a business to establish a strong presence in this thriving community. One space within the available area measures 1,200 square feet, ideal for a variety of retail uses. The property's address is conveniently situated in Olney, providing excellent access to a substantial customer base. The precise total building square footage is not currently available. This location offers a high-traffic area with significant visibility, making it an attractive proposition for businesses seeking strong foot traffic and exposure. The property's strategic location within the established Fair Hill Shopping Center ensures a synergistic environment with existing businesses, potentially creating opportunities for cross-promotion and customer synergy. This is a rare opportunity to secure prime retail space in a desirable location. Interested parties should act quickly.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2011
Construction BRICK
Total area 52,940 SF
Lot 10.87 ac (473,378 SF)
Zoning code CRT2.
APN 08-02697794
UPID US40-0839403

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
  • Shopping Center & Mall
  • Loan Service Bank
  • Bank Loan Service
  • Atm

Location

18100 Town Ctr Dr Olney, MD 20832-1480
Olney metro Census 701315 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
by Request
Blend (final) Blend
$33.99M

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2022
Price N/A
2012
Price N/A
2006
Price N/A
2004
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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