Building Details

Year Built 1961

Listing Agency: SVN Providence Realty Advisors t***@svn.com Show Phone

Listed By: Terrell L Marsh · License #0225062375

Source: Fulcrum-residential

Added: Jul 20 Changed: Aug 28 Last Checked: Aug 25 at 4:40AM

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Investment Insights

Based on property information with market context.

Office unit located at 11002 Veirs Mill Road, Suite 503, in Silver Spring, Maryland. The commercial property was built in 1961.

Key Highlights

• Suite 503 at 11002 Veirs Mill Road
• Located in Silver Spring, MD 20902
• Commercial property constructed in 1961

Property Analytics

Property Profile

Current Use

Mid-County United Ministries ... Charitable Organization Gilchrist Immigrant Resource ... Community Center Montgomery College, TESOL ... Training Center Comptroller of Maryland Tax Department Dr. Mark D. ... Physician

Suggested Use

Top Pick Real Estate Agency Electrical Service Garden Center Catering Service Florist Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

2,052

Businesses Nearby

Explore this area Business Placement

Demographics for 20902, MD

52,533

Population

18,759

Households

2.8

Avg Household Size

36

Median Age

47%

College-Educated

83%

High-School Grad

7.6 sq mi

ZIP Area

6,912

Density / Sq Mi

$111,408

Median Household Income

$49,887

Median Earnings

$2,088

Median Rent

$531,200

Median Home Value

Market

Lease Benchmarks for Silver Spring, MD

$20.41 /SF/Yr

Avg Asking Price

$10.7–$30 /SF/Yr

Price Range

18,461 SF

Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Suite 503 offers office space within a commercial property built in 1961.

Where is this office units located?

The property is located at 11002 Veirs Mill Road Suite 503 Silver Spring, MD.

What is the lease rate?

The lease rate is $5,570/Mo.

What are key features of this property?

This property features: Suite 503 at 11002 Veirs Mill Road; Located in Silver Spring, MD 20902; Commercial property constructed in 1961