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

    912 THAYER Ave Silver Spring, MD 20910

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,800,000

    18,753 SF Class A office building for sale.

    Type:Commercial
    Property size:
    18,753 SF
    Added:
    Apr 24, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 24 at 4:07 pm

    Property Features for 912 THAYER Ave

    General Information

    Standard status
    Active
    Size
    18,753 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Lawrence Rosen

    Listing agent Lawrence Rosen License #5158

    Listing office Commercial & Investment Realty Associates, LLC.

    Listing date Apr 24, 2026

    Source Elliman

    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.

    Overview

    Class A Office Building

    This 18,753 square foot Class A office building is available for sale. Option 1 is priced at $3,800,000, reflecting a 6% capitalization rate based on the current 2026 revenue, with 3,827 square feet (20%) of the building available for lease. Full occupancy is projected to yield approximately an 8% capitalization rate at the current asking price. Option 2 offers a 1/3rd interest in the building for $300,000. Simultaneously with the purchase, the 3 owners will refinance and guarantee a new loan of approximately $2,050,000. The property is located in Silver Spring, Maryland. The location has a bike score of 82, indicating it is very bikeable. The walk score is 94, designating it as a walker's paradise, and the transit score is 87, reflecting excellent transit options. This property is suitable for an owner user or as an investment.
    Location Intelligence

    Current Use by Public Records

    Project 216 LLC Consultant FM Talent Source Employment Agency Marilyn Riehl - State ... Insurance Agency Leslie Riehl - State ... Insurance Agency Fitness Together Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0250802
    Latitude
    38.9927742

    Nearby Similar for Sale

    • $1,150,000
      2,788 SF

      Silver Spring Triplex with Expansion Potential

      Three-unit property near Metro with high walk score.
      746 THAYER Avenue, SILVER SPRING, MD 20910
      View Details
    • $899,000

      Silver Spring Multi-Family Home with Pool

      Luxurious main residence with connected guest home and resort-style amenities.
      1 SOUTHVIEW CT, SILVER SPRING, MD 20905
      View Details
    • $585,000
      1,246 SF

      Silver Spring Multifamily Colonial Home

      Turnkey multifamily property in Silver Spring, Maryland, with rental income.
      12220 CENTERHILL Street, SILVER SPRING, MD 20902
      View Details
    • $92,900

      Move-in Ready Co-op in Leisure World

      Gated 55+ community with amenities and convenient location.
      3378 CHISWICK CT #52-3E, SILVER SPRING, MD 20906
      View Details
    • $575,900

      Professional Building Office Unit

      Office unit with high-end remodeling and assigned parking.
      12118 /12116 HERITAGE PARK CIRCLE, Silver Spring, MD 20906
      View Details
    • $360,000
      1,936 SF

      Silver Spring Office Unit For Sale

      Office unit with flexible layout and deeded parking.
      8607 2ND AVENUE 502-A, 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
    • $475,000

      Silver Spring Ground Level Office

      Ground floor office space near Wheaton Metro in Silver Spring.
      11303 AMHERST Avenue, SILVER SPRING, MD 20902
      View Details
    • $374,900
      886 SF

      Silver Spring Office Unit For Sale

      Office unit available in White Oak Professional Park.
      11217 Lockwood Dr #12-1, Silver Spring, MD 20901
      View Details
    • $25
      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
    • $3,800,000
      18,753 SF

      Class A Office Building

      18,753 SF Silver Spring office building for sale.
      912 Thayer Ave, SILVER SPRING, MD 20910
      View Details
    • $577,950
      1,750 SF

      Two Adjoining Office Condos

      Two professional office condos in Heritage Park Business Center.
      12118 - 12120 Heritage Park Cir #b, SILVER SPRING, MD 20906
      View Details

    FAQs

    What type of property is this?
    Office building - 18,753 SF Class A office building for sale.
    Where is this office building located?
    The property is located at 912 THAYER Ave Silver Spring, MD.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: Class A Office Building with High‑End Finishings; Excellent Location: Walker's Paradise (Walk Score 94), Very Bikeable (Bike Score 82), and Excellent Transit (Transit Score 87); Investment Opportunity: Potential for 8% Cap Rate When Fully Leased
    (301) 793-8901
    We can help!
    Listing Contact
    Lawrence Rosen
    Real Estate License ID: 5158
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!