For sale
Office Units
MD
Silver Spring
20910
8607 2ND AVENUE 502-A

Silver Spring Office Unit For Sale

8607 2ND AVENUE 502-A, Silver Spring, MD 20910

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For Sale

$360,000

Office unit with flexible layout and deeded parking.

Type:Commercial/Industrial

Property size:

1,936 SF

Price / SF:

$185/SF

HighLights

Combined 1,936 sq. ft. unit with flexible layout options.
Two deeded parking spaces included.
Prime location facing 2nd Avenue with elevator access next to the unit.
CR zoning permits a wide variety of commercial uses.
Two separate HVAC units provide 24/7 temperature control.
Wheelchair accessible with two elevators in the complex.

We can help!

Listing Contact

Lawrence Rosen

Learn more

For Sale

$360,000

Office unit with flexible layout and deeded parking.

Type:Commercial/Industrial

Property size:

1,936 SF

Price / SF:

$185/SF

Added:: Jun 23, 2023
Days on Market:: 1088
Last Refresh:: May 20 at 12:11 am

Property Features for 8607 2ND AVENUE 502-A

General Information

Standard status: Active
Size: 1,936 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 1988

We can help!

Listing Contact

Lawrence Rosen

Listing agent Lawrence Rosen License #5158

Listing office Commercial & Investment Realty Associates, LLC.

Listing date Jun 23, 2023

Source Exitrealty

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 Commercial & Investment Realty Associates, LLC.

HighLights

Combined 1,936 sq. ft. unit with flexible layout options.
Two deeded parking spaces included.
Prime location facing 2nd Avenue with elevator access next to the unit.
CR zoning permits a wide variety of commercial uses.
Two separate HVAC units provide 24/7 temperature control.
Wheelchair accessible with two elevators in the complex.

Overview

A commercial real estate opportunity is available in Silver Spring, Maryland. The unit, located at 8607 2nd Avenue, is suitable for uses needing large open rooms, or can be built out with offices. The unit contains a large room of approximately 600 square feet, two large offices or conference rooms, one additional office, a large open area, a kitchenette with two sinks, counter and cabinet space, two bathrooms, and storage space. Two separate HVAC units provide 24/7 temperature control. The unit includes one deeded parking space. The complex has two elevators, allowing for wheelchair access. Occupants can place office trash in the dumpster located in the rear of the parking area. CR zoning permits a wide variety of commercial uses. The monthly condo fee is approximately $521. The current owner is a nonprofit entity and doesn’t pay real estate taxes. As an estimate only, property taxes are approximately $3,750.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$38.1k	$19.68
− Vacancy	−$6.6k	−$3.38
EGI	$31.5k	$16.30
− OpEx	−$7.9k	−$4.07
NOI	$23.7k	$12.22

1,936 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$338.0K

$295.8K – $394.3K (±1% cap)

NOI $23,660 @ 7.0% cap · market cap 6.57%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$681.0K

$595.9K – $794.6K (±1% cap)

NOI $47,673 @ 7.0% cap · market cap 13.24%

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

Location Intelligence

Current Use by Public Records

Viewpoint Communications, Inc. Film Production Lisa H Slade ... Dental Office T C Family ... Dental Office Jacob A. Nix, D.M.D. Dental Office Campbell Kimberly Y Physician

Suggested Use

Location Insight

Map
Local Demand

City: Silver Spring
County: Montgomery
State: Maryland
Longitude: -77.0332
Latitude: 38.9974

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For sale
Office Units
MD
Silver Spring
20910
8607 2ND AVENUE 502-A

What type of property is this?

Office units - Office unit with flexible layout and deeded parking.

Where is this office units located?

The property is located at 8607 2ND AVENUE 502-A Silver Spring, MD.

What is the asking price?

The asking price for this property is $360,000.

What are key features of this property?

This property features: Combined 1,936 sq. ft. unit with flexible layout options.; Two deeded parking spaces included.; Prime location facing 2nd Avenue with elevator access next to the unit.