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Property profile & analytics
FOR LEASE
Retail space
18330 Village Center Dr, Olney, MD 20832
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-1467678
For Lease
1 / 2
$40,250,000
18330 Village Center Dr, Olney, MD 20832
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
BRICK
Total area
98,025 SF
Lot
17.69 ac (770,576 SF)
Zoning code
CRT2.
APN
08-01800441
UPID
US40-1467678
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
-
Gold's Gym - Olney Gym & Fitness Center
-
Prime Chimney Olney General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.66M
Comparable Approach
Comparable
$26.76M
Blend (final)
Blend
$40.25M
Owner & transaction history
Gri Olney Village LLC · 6 yrs held
Gri Olney Village LLC
since 2019
7 recorded transactions
Zoning & alternative use
CRT2. · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$37,550,000
6.5%
$34,660,000
7%
$32,185,000
Alternative Use
Use
Estimation
RETAIL STORES
$54,155,000
Current use
INDUSTRIAL (GENERAL)
$46,710,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$44,350,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$40.25M
Range $36.23M – $44.28M · ±10%
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
$411 / 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
$816,221
Tax year 2022
Assessed value
$68,599,000
Assessed 2023
Previous assessed
$70,000,000
-2.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$17,569,100
Assessed improvement
$51,029,900
Land market value
$17,569,100
Improvement market value
$51,029,900
Total market value
$68,599,000
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
1979
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
4
Total area
98,025 SF
Lot
17.69 ac (770,576 SF)
Zoning code
CRT2.
APN
08-01800441
UPID
US40-1467678
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT2. · Olney, MD
Zoning CRT2. · permitted uses
CRT2. · 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
RETAIL STORES Current
Est. value
$54.2M
INDUSTRIAL (GENERAL)
Est. value
$46.7M
COMMERCIAL (GENERAL)
Est. value
$44.4M
RETAIL STORES Current
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
1979
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
17.69 ac
Current owner
From public records · entity-resolved
Gri Olney Village LLC
Entity
Mailing address
4350 EW HWY STE #400, BETHESDA, MD 20814-4426
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2020
—
Gri Olney Village LLC
—
Deed
related
$41,000,000 · Miscellaneous Ins Co
Aug 7, 2019
$82,000,000
Gri Olney Village LLC
Writ Olney Village Center LLC
Special Warranty Deed
$41,000,000 · Global Retail Investors LLC
Sep 6, 2011
$58,000,000
Writ Olney Village Center LLC
Cmf Olney Village Center LLC
Grant Deed
$35,538,082 · Washington R/e Inv Trust
Sep 6, 2011
—
Writ Olney Village Center LLC
—
Deed Of Trust
related
$35,538,082 · Metropolitan Loan Services INC
Mar 19, 1999
—
Cmf Springfield LP
—
Deed Of Trust
related
$12,801,979 · Crestar Bank
—
—
Cmf Olney LP
—
Deed Of Trust
related
$25,000,000 · Southtrust Bank NA
—
—
Gri Olney Village LLC
—
Deed Of Trust
related
$41,000,000 · Miscellaneous Ins Co
—
—
Cmf Olney
—
Deed Of Trust
related
$30,000,000 · Metropolitan Life Insurance
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.
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