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    2301 Broadbirch Dr Silver Spring, MD 20904

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    For Sale
    Contact for pricing

    29,283 SF office/medical building with 49% vacancy.

    Property size:
    29,283 SF
    Lot size:
    2.33 Acres

    Property Features for 2301 Broadbirch Dr

    General Information

    Size
    29,283 SF
    Lot size
    2.33 Acres

    Source: KLNB - Rockville Agent Kenneth "Ken" Fellows

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

    Overview

    Silver Spring Office/Medical Building

    This 29,283 square foot office/medical building, constructed in 1986, features masonry construction and a single story. The building has a clear height of 15 feet 10 inches. Surface parking is available with 108 spaces, providing a ratio of 3.69 spaces per 1,000 square feet. The roof is approximately 13 years old. The anticipated net operating income for 2023 is $130,000, with taxes totaling $48,000. All exterior lighting was upgraded to LED in 2023. The property is currently 49% vacant and has a weighted average lease term (WALT) of 6.5 years. Located in Silver Spring, MD, at 2301 Broadbirch Dr.
    Insight Report Location Intelligence

    Current Use by Public Records

    House Of Cards Sports Memorabilia Store Elizabeth Chandler Nurse Practitioner Zang Rachel MD Pediatrician Wang Judy MD Pediatrician Digene Diagnostics Inc Medical Laboratory

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -76.9612018
    Latitude
    39.0549877

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    FAQs

    What type of property is this?
    Office building - 29,283 SF office/medical building with 49% vacancy.
    Where is this office building located?
    The property is located at 2301 Broadbirch Dr Silver Spring, MD.
    What are key features of this property?
    This property features: - Anticipated NOI of $130,000 for 2023; - **29,283 SF RBA suitable for Office/Medical use**; - 6.5 Years of WALT despite 49% vacancy
    (703) 334-5603
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    2301 Broadbirch Dr Silver Spring, MD 20904
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    Realmo Value Estimation

    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.

    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.

    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
    2301 Broadbirch Dr Silver Spring, MD 20904
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