Silver Spring User Building For
For Sale
$3,500,000
Pending
8216 GEORGIA Ave, Silver Spring, MD 20910
User building suitable for lounge, restaurant, event center, religious uses.
Property Size5,843 SF
Lot Size0.16 Acres
Days on Market199
Property Features for 8216 GEORGIA Ave
General Information
Standard status
Pending
Size
5,843 SF
Lot size
0.16 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$22,424
Building Details
Year Built
1922
Units
1
Listing Agency:
Commercial & Investment Realty Associates, LLC.
Listed By:
Lawrence Rosen · License #5158
(301) 793-8901
Source:
Elliman
Added: Mar 10
Changed: Sep 18
Last Checked: Sep 22 at 6:31PM
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.
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 = 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
$143,880
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
4.11%
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%
$2,877,600
$2.9M
Cap Rate 7%
$2,055,429
$2.1M
Cap Rate 9%
$1,598,667
$1.6M
Market Conditions
NOI Build-Up for 5,843 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
$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 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%
$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
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.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
- Kefa Cafe — 963 Bonifant St, Silver Spring, MD 20910
- Chabaa Catering — 939 Bonifant St #5708, Silver Spring, MD 20910
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.
