12312 Wilkins AveNorth Bethesda, MD 20852

Property Details for 12312 Wilkins Ave

Year built

1968

Construction

BRICK

Lot size

0.21 AC

Property size (Sq ft)

8,768 SF

Zone code

IL1.0

Property type

Distribution centers

APN

04-00135757

APU

400135757

Description

This exceptional retail investment property, located at 12312 Wilkins Ave in Rockville, Maryland (zip code 20852), presents a compelling opportunity for discerning investors. The property, built in 1968, comprises four individual units, each boasting a generous square footage ranging from 2,000 to 3,000 square feet. This translates to a substantial total leasable area, ideal for a variety of retail businesses or a mixed-use strategy. The property benefits from a prime location in the thriving North Bethesda area of Montgomery County, ensuring high visibility and accessibility for tenants and customers. Ample parking is provided with 14 spaces, addressing a key concern for both tenants and their patrons. Each unit is equipped with multiple bathrooms, adding to the convenience and functionality of the space. Furthermore, the inclusion of conference rooms within the building enhances its appeal to a broader range of potential tenants, offering versatile space for meetings and collaborative work. Adding to the property's versatility, some warehouse space is also included, providing additional storage or operational capabilities. The asking price for this well-positioned retail investment is $1,790,000. This represents a significant opportunity to acquire a substantial and well-equipped retail property in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,276,100

  6.5%

  $3,947,160

  7%

  $3,665,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,709,180

  Geo Method

  $2,342,950

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,074,380

  Mixed-Use / Specialty

  $2,106,620

  Hospitality / Lodging

  $1,597,160

  Office

  $2,135,380

  Institutional / Educational

  $2,204,200

  Residential Income

  $2,578,910

  Multifamily

  $2,873,290

  Automotive / Energy

  $1,889,310

  Parking / Income-Based Land

  $612,822

  Restaurant / Food Service

  $1,180,250

  Healthcare / Senior Housing

  $2,119,650

Location Insight

City

Rockville

County

Montgomery

State

Maryland

Latitude

39.0583

Longitude

-77.1133

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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