Property profile

7607 Old Georgetown Rd Bethesda, MD 20814

OFF-MARKET
Commercial land
Property ID
US40-1004056
7,460 SF 0.32 ac lot Built 1941
Entity Owned 5-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Apartment Complex Apartment Building

Location

7607 Old Georgetown Rd Bethesda, MD 20814-6123
Bethesda metro Census 704805 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
$9.85M
Blend (final) Blend
$12.73M

Owner & transaction history

since 2021
Last sale
$13.1M
2 recorded transactions
2021
$13.1M
1997
Price N/A

Zoning & alternative use

CR5.0 · Bethesda, MD
Top alternative use upside
Restaurant $9.0M +50.9%

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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