Silver Spring Office Condo
For Sale
$595,000
8607 2ND Avenue, Silver Spring, MD 20910
Commercial Sale - SILVER SPRING, MD
Property Size1,936 SF
Price / SF$307.33
Days on Market95
Property Features for 8607 2ND Avenue
General Information
Property type
Other
Property subtype
Office
Parking
2
Parking features
Parking Lot
Elementary school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Middle school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
High school district
MONTGOMERY COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,936 SF
Taxes and HOA fees
Tax Annual Amount
230
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1985
Number of units
1
Building materials
Brick
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Noel Harmer · License #654852
(202) 809-0819
Added: May 19
Changed: Jun 9
Last Checked: Aug 21 at 2:06PM
MLS# MDMC2235964
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 8607 Second Avenue, Units 501A & 502A, this property offers two combined office suites totaling approximately 1,936 square feet in downtown Silver Spring. The updated office condo is suitable for professional, medical, nonprofit, or creative business uses permitted under CR zoning. The space features natural light, two large private offices or conference rooms, and two private bathrooms. The flexible floor plan is designed to accommodate both collaborative and individual workspaces. Facing 2nd Avenue, the suite has visibility and a professional setting within a well-maintained building. The elevator is located steps from the unit entrance, providing access for employees and clients. Two deeded parking spaces convey with the property, with additional parking garage options available nearby. Located minutes from the Silver Spring Metro, restaurants, retail, and major commuter routes, this property offers accessibility and long-term value for owner-users and investors in one of Montgomery County's commercial districts.
Key Highlights
- Two combined office suites totaling approximately 1,936 square feet in downtown Silver Spring.
- Newly updated with a flexible floor plan suitable for various business uses under CR zoning.
- Abundance of natural light, two private bathrooms, and two large private offices/conference rooms.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,660
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,200
$473.2K
Cap Rate 7%
$338,000
$338.0K
Cap Rate 9%
$262,889
$262.9K
Market Conditions
NOI Build-Up for 1,936 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.1K $19.68/SF
− Vacancy
−$6.6K −$3.38/SF
EGI
$31.5K $16.30/SF
− OpEx
−$7.9K −$4.07/SF
NOI
$23.7K $12.22/SF
Area
Montgomery County, MD
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,200
Cap Rate 7%
$338,000
Cap Rate 9%
$262,889
Alternative Uses
Best Use
Office B
$338.0K
$295.8K – $394.3K
NOI $23,660 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$681.0K
$595.9K – $794.6K
NOI $47,673 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
5,121
Businesses Nearby
Explore this area
Business Placement
Demographics for 20910, MD
45,610
Population
23,209
Households
2
Avg Household Size
36
Median Age
74%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
9,915
Density / Sq Mi
$107,994
Median Household Income
$70,022
Median Earnings
$1,992
Median Rent
$690,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Updated office condo in downtown Silver Spring with parking.
Where is this office units located?
The property is located at 8607 2ND Avenue Silver Spring, MD.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two combined office suites totaling approximately 1,936 square feet in downtown Silver Spring.; Newly updated with a flexible floor plan suitable for various business uses under CR zoning.; Abundance of natural light, two private bathrooms, and **two large private offices/conference rooms**.
