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    Property profile & analytics
    OFF-MARKET Estimated value $3,745,000
    Retail space

    3333 Olney Sandy Spg Rd, Olney, MD 20832-1448

    12,100 SF 1.04 ac lot Built 1987
    Entity Owned 15-yr Hold Free & Clear
    Property ID
    US40-0110485
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1987
    Construction BRICK
    Total area 12,100 SF
    Lot 1.04 ac (45,232 SF)
    Zoning code CRT2.
    APN 08-01994572
    UPID US40-0110485
    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
    • Five Guys Restaurant Take-out & Catering
    • Chipotle Mexican Grill Restaurant
    • The Merch God Clothing Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $4.28M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.75M
    Owner & transaction history
    1105 Light Street LP · 15 yrs held
    1105 Light Street LP
    since 2010
    2 recorded transactions
    2010
    $5.0M
    2006
    $4.4M
    Zoning & alternative use
    CRT2. · Olney, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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