Updated Office Units with
For Sale
$595,000
8607 2ND AVENUE, Silver Spring, MD 20910
Combined suites offer flexible layouts, natural light, private rooms, and convenient elevator access.
Property Size1,936 SF
Price / SF$307.33
Days on Market99
Property Features for 8607 2ND AVENUE
General Information
Standard status
Active
Size
1,936 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Office
Zoning
CR
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$230
Amenities
Central Air
3
Parking.
Lot.
Other.
Building Details
Year Built
1985
Listing Agency:
Real Broker, LLC
(202) 809-0819
Listed By:
Noel Harmer · License #0225211695
(202) 809-0819
Source:
Xome
Added: May 16
Changed: Aug 22
Last Checked: Aug 22 at 4:01AM
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
Investment Insights
Based on property information with market context.
Units 501A and 502A are combined office suites totaling approximately 1,936 square feet within a 1985-built office condominium. The recently updated space includes abundant daylight, two private offices or conference rooms, two private bathrooms, and a flexible arrangement for individual and collaborative work areas. Central air and elevator access support everyday employee and client use, while two deeded parking spaces convey with the property.
The suites face 2nd Avenue in downtown Silver Spring, providing a professional setting within a well-maintained building. The property is located minutes from the Silver Spring Metro, restaurants, retail, and major commuter routes. CR zoning permits professional, medical, nonprofit, and creative business uses identified in the property information, making the space suitable for owner-users or investors.
The suites face 2nd Avenue in downtown Silver Spring, providing a professional setting within a well-maintained building. The property is located minutes from the Silver Spring Metro, restaurants, retail, and major commuter routes. CR zoning permits professional, medical, nonprofit, and creative business uses identified in the property information, making the space suitable for owner-users or investors.
Key Highlights
- Combined Units 501A and 502A total approximately 1,936 square feet
- Recently updated office condominium with flexible workspace configuration
- Two private offices or conference rooms and two private bathrooms
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
$23,660
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
3.98%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Combined suites offer flexible layouts, natural light, private rooms, and convenient elevator access.
Where is this office units located?
The property is located at 8607 2ND AVENUE 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: Combined Units 501A and 502A total approximately 1,936 square feet; Recently updated office condominium with flexible workspace configuration; Two private offices or conference rooms and two private bathrooms
