Property profile

9899 Main St Damascus, MD 20872

FOR LEASE
Retail space
Property ID
US40-1311550
17,700 SF 0.81 ac lot
Individually Owned 4-yr Hold ~ Est. High Equity
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9899 Main St, Damascus, MD 20872 For Lease
Contact for pricing 2,850 SF available
9899 Main St, Damascus, MD 20872
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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

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Dental Office
  • Insurance Agency
  • Charitable Organization Social Service Agency
  • Training Center Sports School

Location

9899 Main St Damascus, MD 20872
Damascus metro Census 700208 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
$2.56M

Owner & transaction history

since 2021
Last sale
$2.3M
4 recorded transactions
2021
$2.3M
2018
$15,000
2016
Price N/A
1969
Price N/A

Zoning & alternative use

CRT17 · Damascus, 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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