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7010 Westmoreland Ave 2,800 SF Retail Building Takoma Park, MD 20912 $1,040,000 ($371.43/SF) 7.50% Cap Rate

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EXECUTIVE SUMMARY

Sale-Leaseback (10 years, NNN lease). Located in the Takoma Park Historic District. Building in excellent condition. Solar panels on roof. Successful business established in 1972. Seven minute walk to the Takoma Metro Station. Tours by appointment only, do not disturb tenant.

7010 Westmoreland Ave - Commercial Property FOR SALE - wkm sef

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$78,000	$27.86

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$78,000
Annual Per SF	$27.86

PROPERTY FACTS

Sale Type

Investment or Owner User

Sale Condition

Sale Leaseback

Property Type

Retail

Building Size

2,800 SF

Building Class

B

Year Built/Renovated

1922/2010

Price

$1,040,000

Price Per SF

$371.43

Cap Rate

7.50%

NOI

$78,000

Tenancy

Single

Building Height

3 Stories

Building FAR

0.52

Lot Size

0.12 AC

Zoning

NR - Neighborhood Retail

Parking

5 Spaces (1.79 Spaces per 1,000 SF Leased)

MAJOR TENANTS

House Of Musical Traditions
Retailer
2,800 SF
$27.86
Triple Net
-

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE		LEASE END
House Of Musical Traditions	Retailer	2,800 SF	$27.86	Triple Net		-

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Walk Score®

Very Walkable (89)

Transit Score®

Excellent Transit (72)

Bike Score®

Very Bikeable (71)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	13-01057901	Improvements Assessment	$244,400
Land Assessment	$284,900	Total Assessment	$529,300

PROPERTY TAXES

Parcel Number

13-01057901

Land Assessment

$284,900

Improvements Assessment

$244,400

Total Assessment

$529,300

(703) 851-2369

CONTACTS

Sam Farnum
William Montrose
AMR Commercial, LLC

Listing ID: 30995031
Date on Market: 2/19/2024
Last Updated:
Address: 7010 Westmoreland Ave, Takoma Park, MD 20912

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7010 Westmoreland Ave, Takoma Park, MD for sale Building Photo- Image 1 of 23 — 7010 Westmoreland 02-14-24-01

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7010 Westmoreland Ave, Takoma Park, MD for sale Other- Image 21 of 23 — 7010 Westmoreland 02-19-2024-19

7010 Westmoreland Ave, Takoma Park, MD for sale Plat Map- Image 22 of 23 — Plat Map

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