Updated Combined Office
8607 2ND AVENUE Unit 501-A & 502-A, Silver Spring, MD 20910
For Sale
$595,000
CR-zoned office condominium with flexible workspace, private rooms, and two bathrooms.
Property Size1,936 SF
Price / SF$307.33
Days on Market173
Property Features for 8607 2ND AVENUE Unit 501-A & 502-A
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Zoning
Site & Location
Road Access
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Real Broker, LLC
Listed By:
Noel Harmer · License #654852
(202) 809-0819
Source:
Kerishull
Added: May 19
Changed: Nov 7
Last Checked: Nov 6 at 2:45PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This office condominium combines Units 501-A and 502-A into approximately 1,936 square feet of updated workspace. The layout includes two private offices or conference rooms, two bathrooms, abundant natural light, and areas suitable for both collaborative and individual work. CR zoning supports professional, medical, nonprofit, and creative business uses identified for the property.
The suite faces 2nd Avenue within a well-maintained building, with elevator access located near the entrance. Two deeded parking spaces convey with the property, and additional parking garage options are available nearby. The property is minutes from the Silver Spring Metro, restaurants, retail, and major commuter routes. The building was constructed in 1985.
The suite faces 2nd Avenue within a well-maintained building, with elevator access located near the entrance. Two deeded parking spaces convey with the property, and additional parking garage options are available nearby. The property is minutes from the Silver Spring Metro, restaurants, retail, and major commuter routes. The building was constructed in 1985.
Key Highlights
- Approximately 1,936 SF across two combined office suites
- Updated layout with two private offices or conference rooms
- Two private bathrooms and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,660
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,200
$473.2K
Cap Rate 7%
$338,000
$338.0K
Cap Rate 9%
$262,889
$262.9K
Market Conditions
NOI Build-Up for 1,936 SF
Gross rent
$38.1K $19.68/SF
− Vacancy
−$6.6K −$3.38/SF
EGI
$31.5K $16.30/SF
− OpEx
−$7.9K −$4.07/SF
NOI
$23.7K $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%
$473,200
Cap Rate 7%
$338,000
Cap Rate 9%
$262,889
Alternative Uses
Best Use
Office B
$338.0K
$295.8K – $394.3K
NOI $23,660 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$681.0K
$595.9K – $794.6K
NOI $47,673 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
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
$690,900
Median Home Value
Market
Average Price Trend$/SF for Office Units in Silver Spring, MD
Properties on Market for Office Units in Silver Spring
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - CR-zoned office condominium with flexible workspace, private rooms, and two bathrooms.
Where is this office unit located?
The property is located at 8607 2ND AVENUE Unit 501-A & 502-A Silver Spring, MD.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 1,936 SF across two combined office suites; Updated layout with two private offices or conference rooms; Two private bathrooms and abundant natural light
