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Property profile & analytics
OFF-MARKET
Estimated value
$25,400,000
Grocery and convenience stores
3333 Spartan Rd Olney, MD 20832-2333
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-0837772
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2012
Construction
BRICK
Total area
59,387 SF
Lot
3.92 ac (170,931 SF)
Zoning code
CRT2.
APN
08-01760390
UPID
US40-0837772
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
-
Safeway Parking Parking Lot & Garage
-
FedEx OnSite Postal Service Courier Service
-
Safeway Specialty Food Shop Wine and Liquor Store
-
Safeway Pharmacy Pharmacy
-
Julia G. White, RPh Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.40M
Owner & transaction history
Cahuenga Capital LLC · 7 yrs held
Cahuenga Capital LLC
since 2018
3 recorded transactions
Zoning & alternative use
CRT2. · Olney, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Olney submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olney submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$32,810,000
Current use
INDUSTRIAL (GENERAL)
$28,295,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$26,870,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$25.40M
Range $22.86M – $27.94M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$428 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$319,803
Tax year 2022
Assessed value
$25,171,200
Assessed 2023
Previous assessed
$25,094,800
+0.3% YoY
Effective rate
1.27%
On assessed value
Land market value
$3,486,900
Improvement market value
$21,837,100
Total market value
$25,324,000
Applied tax rate
42.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2012
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
1
Units
1
Total area
59,387 SF
Lot
3.92 ac (170,931 SF)
Zoning code
CRT2.
APN
08-01760390
UPID
US40-0837772
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT2. · Olney, MD
Zoning CRT2. · permitted uses
CRT2. · Olney, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olney. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$32.8M
INDUSTRIAL (GENERAL)
Est. value
$28.3M
COMMERCIAL (GENERAL)
Est. value
$26.9M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
3.92 ac
Current owner
From public records · entity-resolved
Cahuenga Capital LLC
Entity
Mailing address
8437 COREYELL PL, LOS ANGELES, CA 90046-1024
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2018
$25,920,780
Cahuenga Capital LLC
Cf Albert Pfopco II LLC
Special Warranty Deed
$15,796,000 · Deutsche Bank
Mar 2, 2018
$22,970,171
Cf Albert Proopco II LLC
Nai Saturn Easter N LLC
Special Warranty Deed
—
Mar 12, 2015
—
Nai Saturn Eastern LLC
Safeway INC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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