Private Office Coworking
New
For Sale
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1110 BONIFANT #515, Silver Spring, MD 20901
Flexible lease terms pair private offices with shared kitchenette and conference facilities.
Property Size45,533 SF
Price / SF$0.13
Days on Market7
Property Features for 1110 BONIFANT #515
General Information
Standard status
Active
Size
45,533 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Amenities
shared kitchenette area
conference room
Building Details
Year Built
1987
Listing Agency:
CapStar Properties
(301) 738-7777
Listed By:
Dyana Katherine Snyder · License #0225277665
(571) 531-5247
Source:
Cummingsrealtors
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:16PM
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 CapStar Properties
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Investment Insights
Based on property information with market context.
Private office suites at 1110 Bonifant range from 73 to 223 square feet. Occupants share a kitchenette and conference room, with lease terms available from one to five years. The building was constructed in 1987 and contains 45,533 square feet.
The property is in downtown Silver Spring, steps from more than 30 dining options and adjacent to the Paul S. Sarbanes Transit Center. A public parking deck sits next to the building. The Purple Line is scheduled for completion in 2027.
The property is in downtown Silver Spring, steps from more than 30 dining options and adjacent to the Paul S. Sarbanes Transit Center. A public parking deck sits next to the building. The Purple Line is scheduled for completion in 2027.
Key Highlights
- Private suites range from 73 to 223 square feet
- Shared kitchenette and conference room
- Lease terms from 1 to 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$556,472
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,129,440
$11.1M
Cap Rate 7%
$7,949,600
$7.9M
Cap Rate 9%
$6,183,022
$6.2M
Market Conditions
NOI Build-Up for 45,533 SF
Gross rent
$896.1K $19.68/SF
− Vacancy
−$154.1K −$3.38/SF
EGI
$742.0K $16.30/SF
− OpEx
−$185.5K −$4.07/SF
NOI
$556.5K $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 Rate 5%
$11,129,440
Cap Rate 7%
$7,949,600
Cap Rate 9%
$6,183,022
Alternative Uses
Best Use
Office B
$7.95M
$6.96M – $9.27M
NOI $556,472 @ 7.0% cap · market cap 9,566.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.02M
$14.02M – $18.69M
NOI $1,121,221 @ 7.0% cap · market cap 19,274.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 20901, MD
36,537
Population
13,783
Households
2.7
Avg Household Size
38
Median Age
56%
College-Educated
90%
High-School Grad
5.3 sq mi
ZIP Area
6,894
Density / Sq Mi
$127,133
Median Household Income
$63,220
Median Earnings
$1,785
Median Rent
$571,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Coworking space - Flexible lease terms pair private offices with shared kitchenette and conference facilities.
Where is this coworking space located?
The property is located at 1110 BONIFANT #515 Silver Spring, MD.
What are key features of this property?
This property features: Private suites range from 73 to 223 square feet; Shared kitchenette and conference room; Lease terms from 1 to 5 years
