Silver Spring Rehabilitation Center
For Sale
$7,500,000
2601 Bel Pre Road, Silver Spring, MD 20906
30,000 SF former health & rehabilitation center on 3.82 acres.
Property Size30,000 SF
Price / SF$250
Days on Market273
Property Features for 2601 Bel Pre Road
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Residential Medical Facility
Building Details
Building Size
30,000 SF
Listing Agency:
(301) 918-2908
Listed By:
Michael Isen
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 19
Last Checked: Aug 20 at 5:55AM
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 Michael Isen
Investment Insights
Based on property information with market context.
The property, formerly a health and rehabilitation center, offers approximately 30,000 square feet of space on approximately 3.82 acres. Located in suburban Silver Spring, the property is near residential areas and amenities. The two-story building was originally constructed in 1955, with additions in the 1970s and in 1996, which added an activity room. The roof was replaced in 2020. Zoned RE-2 & R-200, the property contains 46 units with 92 beds. This property presents an opportunity for healthcare, rehabilitation, and assisted living operators. The property will be delivered vacant and without licenses.
Key Highlights
- Excellent opportunity for healthcare, rehabilitation, or assisted living operators.
- Located in suburban Silver Spring, near residential areas and amenities.
- Total of 30,000± SF in a two‑story building.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$495,337
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,906,740
$9.9M
Cap Rate 7%
$7,076,243
$7.1M
Cap Rate 9%
$5,503,744
$5.5M
Market Conditions
NOI Build-Up for 30,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$968.4K $32.28/SF
− Vacancy
−$67.8K −$2.26/SF
EGI
$900.6K $30.02/SF
− OpEx
−$405.3K −$13.51/SF
NOI
$495.3K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,906,740
Cap Rate 7%
$7,076,243
Cap Rate 9%
$5,503,744
Alternative Uses
Best Use
Apartment 5plus
$7.08M
$6.19M – $8.26M
NOI $495,337 @ 7.0% cap · market cap 6.60%
Second Best
Healthcare Medical
$6.74M
$5.90M – $7.86M
NOI $471,804 @ 7.0% cap · market cap 6.29%
Theoretical Best
Specialty Retail
$10.55M
$9.23M – $12.31M
NOI $738,731 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 20906, MD
71,641
Population
27,423
Households
2.6
Avg Household Size
41
Median Age
42%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
5,641
Density / Sq Mi
$92,964
Median Household Income
$46,172
Median Earnings
$1,945
Median Rent
$440,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Rehabilitation center - 30,000 SF former health & rehabilitation center on 3.82 acres.
Where is this rehabilitation center located?
The property is located at 2601 Bel Pre Road Silver Spring, MD.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Excellent opportunity for healthcare, rehabilitation, or assisted living operators.; Located in suburban Silver Spring, near residential areas and amenities.; Total of 30,000± SF in a two‑story building.
