Office
For Sale
$270,600
8607 2nd Avenue 305-a, Silver Spring, MD 20910
Office space in a property constructed in 1985.
Property Size902 SF
Price / SF$300
Days on Market82
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Property Features for 8607 2nd Avenue 305-a
General Information
Standard status
Active
Size
902 SF
Building Details
Year Built
1985
Listing Agency:
The Genau Group, LLC.
Listed By:
Fletcher David Gill · License #0225188558
(202) 735-5382
Source:
Localrealestateleaders
Added: Jul 26
Changed: Oct 3
Last Checked: Oct 7 at 1:12PM
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 The Genau Group, LLC.
Investment Insights
Based on property information with market context.
Office unit 305-A is located at 8607 2nd Avenue in Silver Spring, Maryland. The property was constructed in 1985 and is reported at 902 in size.
Key Highlights
- Office unit 305‑A at 8607 2nd Avenue
- 902 property size
- Constructed in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,024
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,480
$220.5K
Cap Rate 7%
$157,486
$157.5K
Cap Rate 9%
$122,489
$122.5K
Market Conditions
NOI Build-Up for 902 SF
Gross rent
$17.8K $19.68/SF
− Vacancy
−$3.1K −$3.38/SF
EGI
$14.7K $16.30/SF
− OpEx
−$3.7K −$4.07/SF
NOI
$11.0K $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%
$220,480
Cap Rate 7%
$157,486
Cap Rate 9%
$122,489
Alternative Uses
Best Use
Office B
$157.5K
$137.8K – $183.7K
NOI $11,024 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$317.3K
$277.6K – $370.2K
NOI $22,211 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,121
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office space in a property constructed in 1985.
Where is this office units located?
The property is located at 8607 2nd Avenue 305-a Silver Spring, MD.
What is the asking price?
The asking price for this property is $270,600.
What are key features of this property?
This property features: Office unit 305‑A at 8607 2nd Avenue; 902 property size; Constructed in 1985
