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

    28030 Rdg Rd Damascus, MD 20872-2431

    • Industrial properties
    • 756 SF
    • 2.41 lot acres
    OFF-MARKET
    Last Sale
    Jan 28, 2025
    $840,000
    Value Estimations
    $770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1216178
    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

    • Broadleaf Supplies / Garden Center / Hardware & Home Improvement
    • Broadleaf Grounds Works / Landscaping / General Contractor

    Property Details for 28030 Rdg Rd

    Construction
    BRICK
    Lot size
    2.41 lot acres
    Property size
    756 SF
    Zone code
    NR0.7
    Property type
    Industrial properties
    APN
    12-00943098
    APU
    1200943098

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $629,000
      Market price range: $137k - $630k

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

    Location Insight

    • Map
    • Local Demand
    City
    Damascus
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.1986
    Latitude
    39.3169
    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
    $7,671
    $0.00
    $0.00
    $660,300
    -
    $629,800
    $33,100
    $662,900

    Comparable in this City

    • Value Estimation
      $3,595,000
      8,135 SF

      26501 Rdg Rd

      INDUSTRIAL PARK • 8,135 SF
      26501 Rdg Rd, Damascus, MD 20872-1942
      View Details
    • Value Estimation by Request
      5,280 SF

      9325 Gue Rd

      R&D FACILITY, LABS, PHARMA • 5,280 SF
      9325 Gue Rd, Damascus, MD 20872-1026
      View Details
    • Value Estimation
      $1,040,000
      8,788 SF

      26212 Rdg Rd

      WAREHOUSE, STORAGE • 8,788 SF
      26212 Rdg Rd, Damascus, MD 20872-1870
      View Details
    • Value Estimation by Request
      504 SF

      Kings Vly Rd

      WAREHOUSE, STORAGE • 504 SF
      Kings Vly Rd, Damascus, MD 20872
      View Details
    • Value Estimation
      $950,000
      7,500 SF

      9913 Lewis Dr

      WAREHOUSE, STORAGE • 7,500 SF
      9913 Lewis Dr, Damascus, MD 20872-1722
      View Details
    • Value Estimation
      $2,395,000
      6,600 SF

      10041 Lewis Dr

      WAREHOUSE, STORAGE • 6,600 SF
      10041 Lewis Dr, Damascus, MD 20872-1707
      View Details

    Similar Nearby for Sale

    • $499,900

      Commercial Land For Sale

      Commercial land available for sale.
      26500 Clarksburg Rd, Damascus, MD 20872
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    • $400,000
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      Land Near Park in Damascus

      Almost 6 acres of land contiguous with park land.
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    • New
      $299,900
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      Buildable Lot in Damascus, MD

      5.01+/- acre lot for custom home or business.
      28010 Ridge Rd, Damascus, MD 20872
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    • Contact for pricing

      Updated Condo in Damascus Gardens

      Charming 2-bedroom condo with updated features and convenient location.
      26008 Brigadier Pl Pl, Damascus, MD 20872
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    • Contact for pricing
      979 SF

      Second Floor Office Condominium

      Office condominium featuring private offices and an open work area.
      26215 Ridge Rd, Damascus, MD 20872
      View Details
    • $2,000,000
      25.00 Acres

      Equestrian Estate with Extensive Facilities

      World-class equestrian estate on 25 acres near Washington D.C.
      10901 Moxley Rd, Damascus, MD 20872
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    Similar Nearby for Lease

    • 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
    • New
      $1,250 /Mo
      2,614 SF

      Damascus Office Condo For Lease

      Versatile commercial condo in Damascus Square, ideal for various businesses.
      26227 Ridge Rd, Damascus, MD 20872
      View Details
    • $1,150 /Mo

      Functional Office Space Available

      Versatile office space with conference room and modern amenities.
      10001 Lewis Dr, 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
      78,878 SF

      Damascus Retail Center - Prime Location

      Multiple suites available, high-traffic area.
      26075 Ridge Rd, 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
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    28030 Rdg Rd
    Damascus, MD 20872-2431
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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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