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

    13501-13781 Connecticut Ave Silver Spring, MD 20906

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces for lease in established Aspen Hill shopping center.

    Property Features for 13501-13781 Connecticut Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jared Meier
    Source: Cbre

    Listing Agent: Jared Meier

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

    Learn more

    Overview

    Aspen Hill Retail Spaces Available

    Located in Aspen Hill, the Aspen Hill Shopping Center offers retail spaces for lease. The shopping center is a grocery-anchored 165,000 square foot power center. Unit #106 offers 5,824 square feet, Unit #124 provides 624 square feet, and Unit #126 has 792 square feet of space. The center is described as the number one shopping center in the market with limited turnover. It presents an opportunity for boutique fitness, veterinary, urgent care, or specialty service businesses. Current neighboring retailers include Giant, Chipotle, CVS, Five Below, Panera, MyEyeDr, Sarku Japan, and Xfinity.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    Northgate Plaza, Aspen Manor, Coinstar Kiosk - Bitcoin ATM, Aspen Hill Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.08064
    Latitude
    39.076957

    Nearby Similar for Lease

    • $5,000 /Mo

      Renovated Office Suite For Lease

      Newly renovated office suite with ample parking and storage.
      12069 Tech Rd, Silver Spring, MD 20904
      View Details
    • $1,400 /Mo
      4,792 SF

      SILVER SPRING Commercial Offices For Rent

      Three offices for rent near Wheaton Metro and Wheaton Mall.
      2503 Ennalls Ave, Silver Spring, MD 20902
      View Details
    • $2,400 /Mo

      Turnkey Storefront Near Wheaton Metro

      Clean storefront near Wheaton Metro, suitable for various retail businesses.
      11214 Triangle Ln, Silver Spring, MD 20902
      View Details
    • $21,000
      3,920 SF

      Downtown Silver Spring Commercial Space

      Versatile 9,700 sq ft commercial space in downtown Silver Spring.
      8618 Fenton St, Silver Spring, MD 20910
      View Details
    • $15,000 /Mo
      3,920 SF

      Downtown Silver Spring Retail Opportunity

      Prime retail space in downtown Silver Spring, near Metro.
      8618 Fenton St Unit, Silver Spring, MD 20910
      View Details
    • $90,000

      Restaurant Space in Silver Spring

      Restaurant space in high-traffic Silver Spring location, liquor license available.
      2407 Price Ave, Silver Spring, MD 20902
      View Details
    • $6,000 /Mo
      3,920 SF

      Silver Spring Commercial Space Available

      3,700 sq ft commercial space in downtown Silver Spring.
      8618 Fenton St Unit, Silver Spring, MD 20910
      View Details
    • $3,300 /Mo
      10,890 SF

      Updated Office Suite in Silver Spring

      Versatile lower-level office space near Silver Spring and Bethesda Metro.
      2025 E Hwy W, Silver Spring, MD 20910
      View Details
    • Sponsored
      Contact for pricing

      Metro Plaza II

      Workspaces, services and support to help you work better in Miami Airport
      8403 Colesville Road Aly, Silver Spring, MD 20910
      View Details
    • Contact for pricing

      MD, Silver Spring - New Hampshire Ave

      Discover many ways to work your way in San Antonio Airport
      10230 New Hampshire Ave, Silver Spring, MD 20903
      View Details
    • $680 /Mo

      Silver Spring Office/Medical Space

      Office and medical spaces in Silver Spring's redeveloped downtown.
      1110 Bonifant St, Silver Spring, MD 20910
      View Details
    • $6,000 /Mo

      Downtown Silver Spring Commercial Space

      3,700 sq ft commercial space in Downtown Silver Spring.
      8618 Fenton St, Silver Spring, MD 20910
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease in established Aspen Hill shopping center.
    Where is this shopping center located?
    The property is located at 13501-13781 Connecticut Ave Silver Spring, MD.
    What are key features of this property?
    This property features: - #1 Shopping Center in the market.; - Grocery-anchored 165,000 SF power center.; - Limited turnover indicates stability.
    (202) 609-6868
    Request Owner's contact information
    13501-13781 Connecticut Ave Silver Spring, MD 20906
    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.
    13501-13781 Connecticut Ave
    Silver Spring, MD 20906
    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
    13501-13781 Connecticut Ave Silver Spring, MD 20906
    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

    We can help!
    Listing Contact
    Jared Meier
    (202) 609-6868
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!