Property profile

3333 Olney Sandy Spg Rd Olney, MD 20832

OFF-MARKET
Retail space
Property ID
US40-0110485
12,100 SF 1.04 ac lot Built 1987
Entity Owned 16-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Restaurant
  • Clothing Store

Location

3333 Olney Sandy Spg Rd Olney, MD 20832-1448
Olney metro Census 701315 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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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

since 2010
2 recorded transactions
2010
$5.0M
2006
$4.4M

Zoning & alternative use

CRT2. · Olney, 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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