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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    26075 Ridge Rd Damascus, MD 20872

    • Strip malls
    • 91,381 SF
    • 9.37 lot acres
    For Lease
    View listing
    Value Estimations
    $1,595,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1930185
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Coinstar / Money Transfer Service
    • Weis Markets / Grocery Store
    • Weis Pharmacy / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm
    • Western Union / Money Transfer Service

    Property Details for 26075 Ridge Rd

    Year built
    1991
    Lot size
    9.37 lot acres
    Property size
    91,381 SF
    Zone code
    CRT1.
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    12-03790023
    APU
    1203790023

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,145,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,050,000
      Market price range: $2.05M - $6.26M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Damascus
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.208
    Latitude
    39.2852
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $145,715
    $6,855,700
    $3,432,100
    $10,287,800
    -
    $6,855,700
    $3,432,100
    $10,287,800

    Comparable in this City

    • Value Estimation by Request
      15,807 SF

      26121 Rdg Rd

      SHOPPING CENTER, STRIP CENTER • 15,807 SF
      26121 Rdg Rd, Damascus, MD 20872-1851
      View Details
    • Value Estimation
      $630,000
      1,595 SF

      26300 Rdg Rd

      SERVICE STATION (FULL SERVICE) • 1,595 SF
      26300 Rdg Rd, Damascus, MD 20872-1947
      View Details
    • Value Estimation
      $2,160,000
      37,329 SF

      26100 Woodfield Rd

      VEHICLE SALES, RENTALS • 37,329 SF
      26100 Woodfield Rd, Damascus, MD 20872-2021
      View Details
    • Value Estimation by Request
      2,280 SF

      9876 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,280 SF
      9876 Main St, Damascus, MD 20872-2016
      View Details
    • Value Estimation by Request
      1,064 SF

      9801 Main St

      FINANCIAL BUILDING • 1,064 SF
      9801 Main St, Damascus, MD 20872-2015
      View Details
    • Value Estimation by Request
      1,312 SF

      26323 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,312 SF
      26323 Rdg Rd, Damascus, MD 20872-1946
      View Details

    Similar Nearby for Sale

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      Land For Sale

      Land available for purchase.
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    • $195,000
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      Second Floor Office Condominium

      Office condominium featuring private offices and an open work area.
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      Land with Cottage Shell

      Land with cottage shell and scenic, secluded acreage in Damascus.
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    • $499,900

      Commercial Land For Sale

      Commercial land available for sale.
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    • $214,000

      Updated Condo in Damascus Gardens

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    Similar Nearby for Lease

    • Contact for pricing
      78,878 SF

      Damascus Retail Center - Prime Location

      Multiple suites available, high-traffic area.
      26075 Ridge Rd, Damascus, MD 20872
      View Details
    • Contact for pricing
      5,837 SF

      Retail Spaces Available For Rent

      Various retail spaces available for rent with convenient parking.
      26011-26043 Ridge Rd, Damascus, MD 20872
      View Details
    • Contact for pricing
      2,805 SF

      Damascus Retail Space For Lease

      Prime Damascus location, 2,850 sq ft, high traffic.
      9899 Main St, Damascus, MD 20872
      View Details
    • $9 SF/Yr
      8,015 SF

      Damascus Retail Space For Lease

      Prime Retail Storefront, 5,400 SF Available
      26133 Ridge Rd, Damascus, MD 20872
      View Details
    • $265 SF/Yr
      869 SF

      Damascus Office Space for Lease

      869 sq ft Single-Tenant Office in MD
      26227 Ridge Rd, Damascus, MD 20872
      View Details
    • Contact for pricing
      1,000 SF

      Damascus Office Space Available

      Office space for rent with easy highway access.
      9859-9871 Main St, Damascus, MD 20872
      View Details
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    26075 Ridge Rd
    Damascus, MD 20872
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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