Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1017 University Blvd E #102 Silver Spring, MD 20903

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,495 /Mo

    Open space suitable for retail, office, church, or service uses.

    Type:Commercial
    Lot size:
    0.17 Acres
    Added:
    Oct 17, 2023
    Days on Market:
    919
    Last Refresh:
    Apr 6 at 3:09 am

    Property Features for 1017 University Blvd E #102

    General Information

    Standard status
    Active
    Lot size
    0.17 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1954

    We can help!

    Listing Contact
    LAWRENCE ROSEN

    Listing agent LAWRENCE ROSEN License #5158

    Listing office COMMERCIAL & INVESTMENT REALTY ASSOCIATES, LLC.

    Listing date Oct 17, 2023

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of COMMERCIAL & INVESTMENT REALTY ASSOCIATES, LLC.

    Overview

    University Blvd Retail/Office Space

    The property at 1017 University Blvd E #102 is available for lease at $3,495 plus utilities. The space is wide open and includes a bathroom in the rear. It is suitable for a church, retail, office, or service-oriented business. Signage is available on existing sign panels. A Purple Line Metro station is planned to open approximately one block away and will be clearly visible from the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    gideon-church Church BRANDON ALEXANDER FOUNDATION Charitable Organization Gideon Ministries Int'l ... Church Slade Health Care ... Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -76.9905
    Latitude
    38.9911

    Nearby Similar for Lease

    • Contact for pricing

      SILVER SPRING Commercial Offices For Rent

      Three offices for rent near Wheaton Metro and Wheaton Mall.
      2503 ENNALLS Avenue, SILVER SPRING, MD 20902
      View Details
    • Contact for pricing

      Renovated Office Suite For Lease

      Newly renovated office suite with ample parking and storage.
      12069 TECH Road, SILVER SPRING, MD 20904
      View Details
    • Contact for pricing

      Turnkey Storefront Near Wheaton Metro

      Clean storefront near Wheaton Metro, suitable for various retail businesses.
      11214 TRIANGLE Lane, SILVER SPRING, MD 20902
      View Details
    • Contact for pricing

      SILVER SPRING Commercial Lease Opportunity

      Commercial space available for lease in SILVER SPRING, MD.
      8555 16TH Street, SILVER SPRING, MD 20910
      View Details
    • Contact for pricing

      Silver Spring Commercial Space Available

      3,700 sq ft commercial space in downtown Silver Spring.
      8618 FENTON Street, SILVER SPRING, MD 20910
      View Details
    • $21,000/mo

      Downtown Silver Spring Commercial Property

      Versatile 9,700 sq. ft. commercial space in prime location.
      8618 FENTON Street, SILVER SPRING, MD 20910
      View Details
    • Contact for pricing

      Downtown Silver Spring Commercial Space

      Versatile 5,900 sq. ft. space in prime location.
      8618 FENTON Street, SILVER SPRING, MD 20910
      View Details
    • $90,000/mo

      Restaurant Space in Silver Spring

      Restaurant space in high-traffic Silver Spring location, liquor license available.
      2407 PRICE Avenue, SILVER SPRING, MD 20902
      View Details
    • Contact for pricing

      Silver Spring Office/Medical Space

      Office and medical spaces in Silver Spring's redeveloped downtown.
      1110 Bonifant St, Silver Spring, MD 20910
      View Details
    • Contact for pricing

      MD, Silver Spring - New Hampshire Ave

      10230 New Hampshire Ave, Unit 100, Silver Spring, MD 20903
      View Details
    • Sponsored
      Contact for pricing

      Metro Plaza II

      8403 Colesville Road Aly, Unit 1100, Silver Spring, MD 20910
      View Details
    • Contact for pricing

      Silver Spring Office Spaces For Rent

      Three office spaces available near Wheaton Metro and Wheaton Mall.
      2503 Ennalls Ave, SILVER SPRING, MD 20902
      View Details

    FAQs

    What type of property is this?
    Retail space - Open space suitable for retail, office, church, or service uses.
    Where is this retail space located?
    The property is located at 1017 University Blvd E #102 Silver Spring, MD.
    What is the lease rate?
    The lease rate is $3,495 /Mo.
    What are key features of this property?
    This property features: Prime location: Visible and conveniently located one block from the future Purple Line Metro station.; Versatile space suitable for church, retail, office, or service‑based businesses.; Wide open layout allows for flexible customization.
    (301) 530-6085
    We can help!
    Listing Contact
    LAWRENCE ROSEN
    Real Estate License ID: 5158
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!