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Property profile & analytics
OFF-MARKET
Estimated value
$12,730,000
Commercial land
7607 Old Georgetown Rd, Bethesda, MD 20814-6123
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1004056
Property summary
AI-generated overview
This exceptional 1,550 square foot retail space is located on the first floor of the prestigious Solaire luxury high-rise apartment building at 7607 Old Georgetown Road in Bethesda, Maryland, zip code 20814. Situated in Montgomery County, this storefront offers unparalleled access to a highly affluent and dense residential and business community. The Solaire building itself is a 22-story structure boasting 198 residential units, ensuring a built-in customer base. The property's location provides convenient walkability to a wide array of shops, restaurants, and major retailers, maximizing exposure and foot traffic. This multiple-tenancy retail space presents a unique opportunity for businesses seeking a prime location within a thriving Bethesda community. The property is easily accessible and benefits from high visibility due to its prominent location within a luxury residential building. This space is ideal for a variety of retail uses and offers significant potential for growth and success. The address is 7607 Old Georgetown Road, Bethesda, MD 20814.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1941
Construction
BRICK
Total area
7,460 SF
Lot
0.32 ac (13,746 SF)
Zoning code
CR5.0
APN
07-00432507
UPID
US40-1004056
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
-
Solaire 7607 Old Georgetown Rd Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.85M
Blend (final)
Blend
$12.73M
Owner & transaction history
Old Georgetown Rd Project LLC · 5 yrs held
Old Georgetown Rd Project LLC
since 2021
Last sale
$13.1M
2 recorded transactions
Zoning & alternative use
CR5.0 · Bethesda, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+50.9%
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 Bethesda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethesda 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
$14,875,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,000,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$12.73M
Range $11.46M – $14.00M · ±10% · vs last sale $13.10M (Jan 26 2021)
Last sale anchor
$13.10M
Jan 26 2021
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
$1,706 / 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
$111,932
Tax year 2022
Assessed value
$10,928,000
Assessed 2023
Previous assessed
$9,979,500
+9.5% YoY
Effective rate
1.02%
On assessed value
Land market value
$12,825,000
Total market value
$12,825,000
Applied tax rate
76.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1941
Construction
BRICK
Heating
FORCED AIR
Stories
1
Total area
7,460 SF
Lot
0.32 ac (13,746 SF)
Zoning code
CR5.0
APN
07-00432507
UPID
US40-1004056
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR5.0 · Bethesda, MD
Zoning CR5.0 · permitted uses
CR5.0 · Bethesda, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethesda. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.0M
RESTAURANT
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
1941
Construction
BRICK
Heating
FORCED AIR
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Old Georgetown Rd Project LLC
Entity
Mailing address
4719 HAMPDEN LN STE #300, BETHESDA, MD 20814-3182
Ownership since
2021
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 26, 2021
$13,100,000
Old Georgetown Rd Project LLC
Drayton Taylor Rea LLC
Special Warranty Deed
$9,942,400 · Eagle Bank
Oct 8, 1997
—
Taylor Rea L L C Drayton
Elizabeth,d Tayl
Grant Deed
related
—
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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