Add Listing
    For Sale
    • 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

    12063 Tech Rd Silver Spring, MD 20904

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

    4,970 sqft office/warehouse condo in Montgomery Industrial Park.

    Property size:
    4,970 SF
    Lot size:
    5.28 Acres

    Property Features for 12063 Tech Rd

    General Information

    Standard status
    Active
    Size
    4,970 SF
    Lot size
    5.28 Acres

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Terring Wang
    Source: Crexi

    Listing Agency: Terring Wang Group Listing Agent: Terring Wang

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

    Learn more

    Overview

    Silver Spring Office/Warehouse Condominium

    Located at 12063 Tech Rd Unit #11, Silver Spring, MD 20904, this 4,970 sqft office and warehouse condominium presents a prime investment opportunity. Situated in Montgomery Industrial Park, this meticulously maintained property offers a versatile space suitable for various commercial uses. The durable brick and concrete construction ensures longevity and sound insulation. Ample surface parking enhances accessibility for clients and staff. The property is conveniently located in the sought-after Shady Grove-Rockville corridor, with close proximity to major commuter routes and key commercial centers. With flexible I1 zoning, this property is suitable for medical offices, storage, warehouse, or mixed commercial operations. The surrounding professional and medical community provides a strong synergy for healthcare or office users. This move-in ready property has an adjacent unit available for expansion opportunities. It offers long-term leasing potential in the thriving Montgomery County market.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Nelly'z kitchen, Ivy Eatz

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -76.9684572
    Latitude
    39.0522332

    Nearby Similar for Sale

    • $475,000
      1,500 SF

      Silver Spring Ground Level Office

      Ground floor office space near Wheaton Metro in Silver Spring.
      11303 Amherst Ave, Silver Spring, MD 20902
      View Details
    • New
      $599,000
      1,246 SF

      Silver Spring Multifamily Investment Opportunity

      Turnkey triplex with income potential and flexible usage options.
      12220 Centerhill St, Silver Spring, MD 20902
      View Details
    • $360,000

      Silver Spring Office Unit For Sale

      Office unit with flexible layout and deeded parking.
      8607 2Nd Ave, Silver Spring, MD 20910
      View Details
    • $360,000

      Silver Spring Office Unit For Sale

      Office unit with flexible layout and parking in Silver Spring.
      8607 2Nd Ave, Silver Spring, MD 20910
      View Details
    • $795,000

      Downtown Silver Spring Medical/Office Condo

      Street-level medical/office condo in downtown Silver Spring.
      804 Pershing Dr, Silver Spring, MD 20910
      View Details
    • $799,000

      Assisted Living Home For Sale

      Fully occupied and furnished assisted living home with expansion potential.
      1701 Maydale Dr, Silver Spring, MD 20905
      View Details
    • $599,999

      Silver Spring Office Special Permit

      Office property with special permit near Silver Spring Metro.
      8613 Cedar St, Silver Spring, MD 20910
      View Details
    • $299,500

      Attractive Office Unit For Sale

      Office unit with reception, kitchenette, parking, ready for occupancy.
      8607 2Nd Ave, Silver Spring, MD 20910
      View Details
    • $577,950

      Two Adjoining Office Condos

      Two professional office condos in Heritage Park Business Center.
      12118 Heritage Park Cir, Silver Spring, MD 20906
      View Details
    • $374,900

      Medical/Retail Condo with Signage

      Condo ideal for medical, office, or retail with excellent signage.
      11217 Lockwood Dr, Silver Spring, MD 20901
      View Details
    • $3,800,000

      Class A Office Building

      18,753 SF Silver Spring office building for sale.
      912 Thayer Ave, Silver Spring, MD 20910
      View Details
    • $1,000,000
      1,800 SF

      Two-Story Office Building For Sale

      Two-story office building near shopping, hospitals, parks, and transit.
      1106 University Blvd West, Silver Spring, MD 20902
      View Details

    FAQs

    What type of property is this?
    Flex space - 4,970 sqft office/warehouse condo in Montgomery Industrial Park.
    Where is this flex space located?
    The property is located at 12063 Tech Rd Silver Spring, MD.
    What are key features of this property?
    This property features: - 4,970 sqft office and warehouse condominium offering versatile space.; - Conveniently situated in the sought-after Shady Grove-Rockville corridor.; - Flexible I1 zoning suitable for medical offices, storage, warehouse, or mixed commercial operations.
    Request Owner's contact information
    12063 Tech Rd Silver Spring, MD 20904
    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.
    12063 Tech Rd
    Silver Spring, MD 20904
    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
    12063 Tech Rd Silver Spring, MD 20904
    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
    Terring Wang
    Real Estate License ID: MD639378
    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!