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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Turn key restaurants
5500 Olney Laytonsville Rd, Olney, MD 20832-1920
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US40-2354320
Property summary
AI-generated overview
This exceptional commercial property, located at 5500 Olney Laytonsville Road in Olney, Maryland, offers approximately 4000 square feet of space for lease. Situated on a 2.13-acre lot, this property presents a unique opportunity for businesses seeking a prominent location in Montgomery County. The property is zoned CRT (Commercial Residential Town), allowing for a variety of commercial uses. Prospective tenants are responsible for conducting their own due diligence to ensure the property's suitability for their intended business operations. No contingency period is offered for feasibility studies. Essential utilities are readily available, including sewer, water, and electric connections. The property's address is clearly visible from Olney Laytonsville Road. This is an excellent chance to establish or expand your business in a thriving area. Interested parties should schedule a viewing and submit a letter of intent outlining their specific requirements. The lot is situated to the far left of the property as viewed from the road.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1931
Construction
BRICK
Total area
3,537 SF
Lot
2.13 ac (92,783 SF)
Zoning code
CRT02
APN
08-00719322
UPID
US40-2354320
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
-
Mackie's Barbecue & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Aj Of Olney LLC · 20 yrs held
Aj Of Olney LLC
since 2006
2 recorded transactions
Zoning & alternative use
CRT02 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$581 / 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
$21,735
Tax year 2022
Assessed value
$1,623,733
Assessed 2023
Previous assessed
$1,593,400
+1.9% YoY
Effective rate
1.34%
On assessed value
Land market value
$835,000
Improvement market value
$849,400
Total market value
$1,684,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1931
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
1
Units
1
Total area
3,537 SF
Lot
2.13 ac (92,783 SF)
Zoning code
CRT02
APN
08-00719322
UPID
US40-2354320
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT02 · Olney, MD
Zoning CRT02 · permitted uses
CRT02 · 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.
Building & site characteristics
From public records
Year built
1931
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
2.13 ac
Current owner
From public records · entity-resolved
Aj Of Olney LLC
Entity
Mailing address
5500 OLNEY LAYTONSVILLE RD, OLNEY, MD 20832-1920
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2006
$1,600,000
Aj Of Olney LLC
Heffner George R Trust
Grant Deed
$1,200,000 · Presidential Bank Fsb
—
—
Aj Of Olney LLC
—
Deed Of Trust
related
$1,064,471 · Sandy Spring Bank
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.
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