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    Property profile & analytics

    3333 Olney Sandy Spg Rd Olney, MD 20832-1448

    • Retail space
    • 12,100 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    $3,745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0110485
    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

    • Five Guys / Restaurant / Take-out & Catering
    • Chipotle Mexican Grill / Restaurant
    • The Merch God / Clothing Store

    Property Details for 3333 Olney Sandy Spg Rd

    Year built
    1987
    Construction
    BRICK
    Lot size
    1.04 lot acres
    Property size
    12,100 SF
    Zone code
    CRT2.
    Property type
    Retail space
    APN
    08-01994572
    APU
    801994572

    Description

    This exceptional retail opportunity is located at the highly visible signalized intersection of Route 108 and Route 97 in Olney, Maryland. Two spaces are available, ranging from 2,630 to 2,932 square feet, offering excellent potential for a variety of retail businesses. The property benefits from exceptional signage opportunities, ensuring high visibility and attracting significant foot traffic. This prime location boasts strong co-tenancy with established and successful businesses, including a recently renewed Chipotle (ten-year lease) and a Five Guys, guaranteeing a steady flow of customers. The multiple tenancy structure provides flexibility and allows for a diverse range of businesses to thrive in this vibrant commercial hub. The property's strategic placement at a major intersection ensures maximum exposure to a large and diverse customer base. This is an ideal location for businesses seeking high visibility, strong co-tenancy, and a thriving commercial environment in the bustling Olney community. The spaces are ready for immediate occupancy, presenting a unique opportunity to establish a successful retail presence in a high-demand area of Montgomery County. Don't miss this chance to secure your place in this thriving retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,635,000
      6.5%
      $4,280,000
      7%
      $3,975,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,765,000
      COMMERCIAL (GENERAL)
      $5,475,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Olney
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0659
    Latitude
    39.1533
    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
    $57,490
    $977,000
    $3,866,100
    $4,843,100
    -
    $977,000
    $3,866,100
    $4,843,100

    Comparable in this City

    • Value Estimation
      $1,720,000
      10,560 SF

      18115 Georgia Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,560 SF
      18115 Georgia Ave, Olney, MD 20832-1439
      View Details
    • Value Estimation
      $1,910,000
      5,925 SF

      16650 Georgia Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,925 SF
      16650 Georgia Ave, Olney, MD 20832-2418
      View Details
    • Value Estimation
      $6,175,000
      5,850 SF

      18062 Georgia Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,850 SF
      18062 Georgia Ave, Olney, MD 20832-2238
      View Details
    • Value Estimation by Request
      992 SF

      17906 Georgia Ave

      RETAIL STORES (PERSONAL SERVICES) • 992 SF
      17906 Georgia Ave, Olney, MD 20832-2236
      View Details
    • Value Estimation
      $40,250,000
      98,025 SF

      18330 Vlg Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 98,025 SF
      18330 Vlg Ctr Dr, Olney, MD 20832-1426
      View Details
    • Value Estimation
      $1,385,000
      2,160 SF

      3500 Emory Church Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      3500 Emory Church Rd, Olney, MD 20832
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $20 SF/Yr
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      Shoppes of Olney Retail Space

      High-visibility retail space available in Olney, MD.
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      Retail and restaurant spaces available in Olney Shopping Center.
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    • $1,845 /Mo

      Olney Office Space For Lease

      Full-service Olney office building with modern finishes available for lease.
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      View Details
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    Olney, MD 20832-1448
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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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