Property profile

26075 Rdg Rd Damascus, MD 20872

OFF-MARKET
Strip malls
Property ID
US40-1930185
91,381 SF 9.37 ac lot Built 1991
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 26075 Ridge Road in Damascus, Maryland, offers a prime opportunity for businesses seeking high-visibility space in a thriving community. The shopping center boasts a total of 78,878 square feet, encompassing five individual suites. Currently, there is 14,114 square feet of vacant space available, offering flexibility for businesses of various sizes. Units range from a minimum of 1,355 square feet to a maximum contiguous space of 5,837 square feet, catering to a diverse range of retail needs. The property's strategic location in Montgomery County, Maryland, ensures high foot traffic and excellent visibility. The address is 26075 Ridge Rd, Damascus, MD 20872. This is an ideal location for businesses looking to establish or expand their presence in a bustling retail environment. The property is classified as a multi-tenant shopping center, providing a vibrant and collaborative atmosphere. The available space presents a unique opportunity to secure a prominent position within a well-established commercial center. This property is for lease and offers a chance to capitalize on a strong retail market in a desirable location. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Total area 91,381 SF
Lot 9.37 ac (408,078 SF)
Zoning code CRT1.
APN 12-03790023
UPID US40-1930185

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
  • Bank Credit Union
  • Grocery & Convenience Store Food Market
  • Pharmacy
  • Atm
  • Bank Credit Union

Location

26075 Rdg Rd Damascus, MD 20872-1831
Damascus metro Census 700207 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.15M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.05M
Blend (final) Blend
$1.60M

Owner & transaction history

Zoning & alternative use

CRT1. · Damascus, 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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