8216 GEORGIA Ave, Silver Spring, MD 20910

Building Details

Year Built 1922 More

Units 1 More

Listing Agency: Commercial & Investment Realty Associates, LLC.

Listed By: Lawrence Rosen · License #5158 Show Phone

Source: Elliman

Added: Mar 10 Changed: Nov 5 Last Checked: Nov 8 at 6:47AM

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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.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 5,843 square foot building located at 8216 Georgia Avenue, Silver Spring, Maryland, 20910 is available for sale. The seller indicates the building can be delivered vacant. It is suitable for a lounge, restaurant, event center, or religious uses.

Key Highlights

• Delivered Vacant for User
• Ideal for Lounge, Restaurant, Event Center, Religious Uses, Etc.
• Spacious 5,843 Sq. Ft.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$143,880

Cap Rate

4.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,877,600 $2.9M

Cap Rate 7%

$2,055,429 $2.1M

Cap Rate 9%

$1,598,667 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,843 SF

Gross rent

$204.7K $35.04/SF

− Vacancy

−$12.9K −$2.21/SF

EGI

$191.8K $32.83/SF

− OpEx

−$48.0K −$8.21/SF

NOI

$143.9K $24.62/SF

Area

Montgomery County, MD

Vacancy

6.30%

Lease Rate

$35.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,877,600

Cap Rate 7%

$2,055,429

Cap Rate 9%

$1,598,667

Alternative Uses

Best Use

Specialty Retail

$2.06M

$1.80M – $2.40M (±1% cap)

NOI $143,880 @ 7.0% cap · market cap 4.11%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Third Hill Brewing ... Production Facility

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Florist Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,422

Businesses Nearby

338k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Groceries 22% Shops & Services 16% Superstores 9%

Chick-fil-A Dining

46,978 visits/mo 0.4 miles

Giant Groceries

42,300 visits/mo 0.2 miles

Safeway Groceries

32,489 visits/mo 0.2 miles

Target Superstores

28,807 visits/mo 0.5 miles

McDonald's Dining

27,268 visits/mo 0.3 miles

Demographics for 20910, MD

45,610

Population

23,209

Households

2

Avg Household Size

36

Median Age

74%

College-Educated

95%

High-School Grad

4.6 sq mi

ZIP Area

9,915

Density / Sq Mi

$107,994

Median Household Income

$70,022

Median Earnings

$1,992

Median Rent

$690,900

Median Home Value

Market

Properties on Market for Restaurants in Montgomery County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Rohobot Ethiopian Restaurant — 7833 Eastern Ave NW, Silver Spring, MD 20910
• Smart lunches — 923 Sligo Ave, Silver Spring, MD 20910
• Siegel Professional Catering — 8403 Colesville Rd, Silver Spring, MD 20910
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Frequently Asked Questions

What type of property is this?

Restaurant - User building suitable for lounge, restaurant, event center, religious uses.

Where is this restaurant located?

The property is located at 8216 GEORGIA Ave Silver Spring, MD.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Delivered Vacant for User; Ideal for Lounge, Restaurant, Event Center, Religious Uses, Etc.; Spacious 5,843 Sq. Ft.