Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2831 Cornet Ct Silver Spring, MD 20904

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $528,000

    Specialty property available for sale in Silver Spring, Maryland.

    Lot size:
    0.04 Acres

    Property Features for 2831 Cornet Ct

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Bryan Arias
    Source: Elliman

    Listing Agent: Bryan Arias

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

    Learn more

    Property Insight Report

    Overview

    Silver Spring Specialty Property

    A specialty property is available for sale in Silver Spring, Maryland. The list price is $528,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -76.9524875
    Latitude
    39.0743498

    Nearby Similar for Sale

    • $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
    • $599,000
      1,246 SF

      Silver Spring Colonial Multifamily Property

      Turnkey investment property with rental income potential in Silver Spring.
      12220 Centerhill St, Silver Spring, MD 20902
      View Details
    • $175,000

      Renovated Condo in Leisure World

      Updated 1 bed, 1.5 bath condo in 55+ community.
      3500 Forest Edge Dr, Silver Spring, MD 20906
      View Details
    • $600,000
      0.07 Acres

      Silver Spring Rambler/Bungalow Opportunity

      Rambler/bungalow near Silver Spring Metro with commercial potential.
      816 Islington St, Silver Spring, MD 20910
      View Details
    • $155,000
      1,054 SF

      Silver Spring Multifamily Property

      Two-bedroom apartment with two baths and balcony in Silver Spring.
      8830 Piney Branch Rd, Silver Spring, MD 20903
      View Details
    • $525,000

      Silver Spring Ground Level Office

      Ground level office space near Wheaton Metro in Silver Spring.
      11303 Amherst Ave, Silver Spring, MD 20902
      View Details
    • $3,000,000

      Mixed-Use Building in Silver Spring

      Two-level mixed-use building with retail and office spaces for sale.
      8215 Fenton St, Silver Spring, MD 20910
      View Details
    • Contact for pricing
      75,000 SF

      Downtown Silver Spring Office Building

      Office space above Whole Foods in downtown Silver Spring.
      8505 Fenton St, Silver Spring, MD 20910
      View Details
    • $115,000

      Leisure World Co-op

      Bright 2-bedroom co-op in vibrant 55+ community.
      3431 S Leisure World Blvd, Silver Spring, MD 20906
      View Details
    • $575,000
      2,031 SF

      Resort-Style Living in Leisure World

      Spacious 55+ community home with golf course views and amenities.
      15137 Vantage Hill Rd, Silver Spring, MD 20906
      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
    • $575,000
      2,227 SF

      Elegant Home in Silver Spring

      Spacious 3-bedroom home with modern amenities in a desirable location.
      17 Park Vista Ct, Silver Spring, MD 20906
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for sale in Silver Spring, Maryland.
    Where is this specialty property located?
    The property is located at 2831 Cornet Ct Silver Spring, MD.
    What is the asking price?
    The asking price for this property is $528,000.
    What are key features of this property?
    This property features: - Year Built: 2007
    (240) 855-3648
    Request Owner's contact information
    2831 Cornet Ct 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.
    2831 Cornet Ct
    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
    2831 Cornet Ct 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
    Bryan Arias
    (240) 855-3648
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.