Silver Spring Office
For Sale
$475,000
11303 Amherst Ave #2, Silver Spring, MD 20902
Office unit for sale in Silver Spring, Maryland.
Property Size1,492 SF
Price / SF$318.36
Days on Market833
Property Features for 11303 Amherst Ave #2
General Information
Standard status
Active
Size
1,492 SF
Total Parking Spaces
3
Zoning
CT
Taxes and HOA fees
Annual Taxes
$4,540
Amenities
Accessible Entrance
Central Air
Forced Air, Natural Gas
On Street
Building Details
Building Size
1,492 SF
Year Built
1985
Stories
2
Listing Agency:
Silver Spring Real Estate
Listed By:
Piero P Marinucci · License #596047
(301) 807-3501
Source:
Evrealestate
Added: Jun 25, 2024
Changed: Aug 8
Last Checked: Aug 25 at 5:19AM
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 Silver Spring Real Estate
Investment Insights
Based on property information with market context.
Located in Silver Spring, Maryland, this commercial real estate property features an office unit with 1492 square feet of space. The property is situated off Georgia Avenue, accessible via Reedie Drive and Amherst Avenue. The property is located on the right at 11303 Amherst Avenue.
Key Highlights
- Central air conditioning will keep you cool in the summer
- Natural gas heating provides efficient warmth
- Forced air heating system in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,234
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,680
$364.7K
Cap Rate 7%
$260,486
$260.5K
Cap Rate 9%
$202,600
$202.6K
Market Conditions
NOI Build-Up for 1,492 SF
Gross rent
$29.4K $19.68/SF
− Vacancy
−$5.1K −$3.38/SF
EGI
$24.3K $16.30/SF
− OpEx
−$6.1K −$4.07/SF
NOI
$18.2K $12.22/SF
Area
Montgomery County, MD
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,680
Cap Rate 7%
$260,486
Cap Rate 9%
$202,600
Alternative Uses
Best Use
Office B
$260.5K
$227.9K – $303.9K
NOI $18,234 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$524.9K
$459.3K – $612.3K
NOI $36,740 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 20902, MD
52,533
Population
18,759
Households
2.8
Avg Household Size
36
Median Age
47%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
6,912
Density / Sq Mi
$111,408
Median Household Income
$49,887
Median Earnings
$2,088
Median Rent
$531,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office unit for sale in Silver Spring, Maryland.
Where is this office units located?
The property is located at 11303 Amherst Ave #2 Silver Spring, MD.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Central air conditioning will keep you cool in the summer; Natural gas heating provides efficient warmth; Forced air heating system in place
