Property profile

5500 Olney Laytonsville Rd Olney, MD 20832

OFF-MARKET
Turn key restaurants
Property ID
US40-2354320
3,537 SF 2.13 ac lot Built 1931
Entity Owned 20-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

5500 Olney Laytonsville Rd Olney, MD 20832-1920
Olney metro Census 701307 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.63M

Owner & transaction history

since 2006
2 recorded transactions
2006
$1.6M
1969
Price N/A

Zoning & alternative use

CRT02 · 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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