Property profile

8000 Flower Ave Takoma Park, MD 20912

OFF-MARKET
Retail space
Property ID
US40-0588322
3,340 SF 0.16 ac lot Built 1938
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This 6,500 square foot multi-tenant retail property, located at 8000 Flower Ave in Takoma Park, MD 20912, offers a unique opportunity. Currently, 2,000 square feet of space is available for lease, with a minimum divisible unit of 600 square feet. The building underwent a complete renovation in 2018, boasting new flooring, kitchen, and bathroom fixtures throughout. The property is classified as a power center with second-level office space, providing versatile options for various businesses. The expansive 10,000 square foot lot ensures ample parking, included as part of the lease agreement. This prime location in Takoma Park offers excellent visibility and accessibility for customers and employees alike. The available space is ideal for a variety of retail or office uses, providing a modern and functional environment. Interested parties are encouraged to inquire about lease terms and availability. Don't miss this chance to secure a well-maintained space in a thriving community.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1938
Construction BRICK
Total area 3,340 SF
Lot 0.16 ac (7,050 SF)
Zoning code CRT07
APN 13-01065284
UPID US40-0588322

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8000 Flower Ave Takoma Park, MD 20912-6843
Takoma Park metro Census 701702 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.09M

Owner & transaction history

since 2016
7 recorded transactions
2019
Price N/A
2016
Price N/A
2016
$1.1M
2012
$785,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CRT07 · Takoma Park, 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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