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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
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.
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
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
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- 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 | - |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Carroll Ave | Westmoreland Ave, NE | 9,587 | 2022 | 0.05 mi |
| Carroll Ave | Tulip Ave, E | 9,443 | 2022 | 0.06 mi |
| Laurel Ave | Eastern Ave, SW | 5,108 | 2020 | 0.06 mi |
| Laurel Avenue | Eastern Ave, SW | 5,111 | 2022 | 0.06 mi |
| Eastern Ave | Walnut St NW, SE | 11,961 | 2022 | 0.10 mi |
| Carroll Avenue | - | 9,925 | 2022 | 0.13 mi |
| Carroll Street Northwest | Carroll Ave, E | 12,604 | 2022 | 0.16 mi |
| Laurel St NW | Aspen St NW, SW | 4,758 | 2022 | 0.17 mi |
| Laurel Street Northwest | Aspen St NW, SW | 3,723 | 2022 | 0.17 mi |
| Eastern Ave | Walnut St NW, NW | 11,697 | 2022 | 0.18 mi |
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
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
MAP
ADDITIONAL PHOTOS
7010 Westmoreland 02-14-24-04
7010 Westmoreland 02-19-2024-11
7010 Westmoreland 02-19-2024-13
7010 Westmoreland 02-19-2024-16
7010 Westmoreland 02-19-2024-17
7010 Westmoreland 02-19-2024-01
7010 Westmoreland 02-19-2024-02
7010 Westmoreland 02-19-2024-03
7010 Westmoreland 02-14-24-02
7010 Westmoreland 02-19-2024-04
7010 Westmoreland 02-19-2024-06
7010 Westmoreland 02-19-2024-07
7010 Westmoreland 02-19-2024-08
7010 Westmoreland 02-19-2024-09
7010 Westmoreland 02-19-2024-10
7010 Westmoreland 02-19-2024-12
7010 Westmoreland 02-19-2024-14
7010 Westmoreland 02-19-2024-15
7010 Westmoreland 02-19-2024-18
7010 Westmoreland 02-19-2024-19
Plat Map