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    Property profile & analytics
    FOR LEASE
    Retail space

    9899 Main St, Damascus, MD 20872

    17,700 SF 0.81 ac lot
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US40-1311550
    9899 Main St, Damascus, MD 20872 For Lease
    $2,565,000 2,850 SF available
    9899 Main St, Damascus, MD 20872
    View Listing →
    Property summary
    AI-generated overview

    This exceptional retail and office space, located at 9899 Main St in Damascus, Maryland, presents a unique opportunity for a discerning business. The 2,850 square foot endcap unit is situated in the Miles Center, a 1991-built property in the heart of Damascus, at the high-traffic intersection of Ridge Road (11,352 ADT) and Main Street (21,101 ADT). The ground-level retail space offers excellent visibility and accessibility, complemented by ample surface parking directly in front of and to the side of the building. The property also includes second-level office units, providing flexibility for various business needs. This location benefits from its strategic position between Mt. Airy, Clarksburg, and Germantown, offering convenient access to a large customer base. Furthermore, its proximity to I-270 and I-70 ensures easy commuting for employees and customers. The space is ideally suited for a restaurant, showroom, or medical practice, offering a blend of high visibility and convenient access. The property is located in Montgomery County, Maryland, zip code 20872. This is a rare opportunity to secure a prominent retail space in a thriving community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Construction BRICK
    Total area 17,700 SF
    Lot 0.81 ac (35,130 SF)
    Zoning code CRT17
    APN 12-02813506
    UPID US40-1311550
    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
    • Say Vrai Gluten-Free Bakery Specialty Food Shop
    • Lewis Frank H DDS Dental Office
    • Jim Kearney - State Farm Insurance Agent Insurance Agency
    • Sarcoma Foundation of America Charitable Organization Social Service Agency
    • Han Mi Martial Arts / Gracie Damascus Training Center Sports School
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.57M
    Owner & transaction history
    Hassan Habibi · 4 yrs held
    Hassan Habibi
    since 2021
    Last sale
    $2.3M
    4 recorded transactions
    2021
    $2.3M
    2018
    $15,000
    2016
    1969
    Zoning & alternative use
    CRT17 · Damascus, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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