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    Silver Spring Office Condo Opportunity Title is generated by Realmo AI

    8607 2ND Avenue, Silver Spring, MD 20910

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    For Sale
    $595,000

    Commercial Sale - SILVER SPRING, MD

    Type:Office
    Property size:
    1,936 SF
    Price / SF:
    $307/SF
    Added:
    May 19, 2026
    Days on Market:
    2
    Last Refresh:
    May 20 at 1:06 pm

    Property Features for 8607 2ND Avenue

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    2
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    1,936 SF

    Taxes and HOA fees

    Tax Annual Amount
    230

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Number of units
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Noel Harmer

    Listing agent Noel Harmer License #654852

    Listing office Real Broker, LLC 1765 Greensboro Station Place unit: 900, NEW YORK, MD

    Listing date May 19, 2026

    MLS# MDMC2235964

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two combined office suites totaling approximately 1,936 square feet in downtown Silver Spring.
    • Newly updated with a flexible floor plan suitable for various business uses under CR zoning.
    • Abundance of natural light, two private bathrooms, and two large private offices/conference rooms.
    • Two deeded parking spaces included, with additional parking options nearby.
    • Excellent visibility facing 2nd Avenue in a well‑maintained building with elevator access.
    • Minutes from Silver Spring Metro, restaurants, retail, and major commuter routes.

    Overview

    Located at 8607 Second Avenue, Units 501A & 502A, this property offers two combined office suites totaling approximately 1,936 square feet in downtown Silver Spring. The updated office condo is suitable for professional, medical, nonprofit, or creative business uses permitted under CR zoning. The space features natural light, two large private offices or conference rooms, and two private bathrooms. The flexible floor plan is designed to accommodate both collaborative and individual workspaces. Facing 2nd Avenue, the suite has visibility and a professional setting within a well-maintained building. The elevator is located steps from the unit entrance, providing access for employees and clients. Two deeded parking spaces convey with the property, with additional parking garage options available nearby. Located minutes from the Silver Spring Metro, restaurants, retail, and major commuter routes, this property offers accessibility and long-term value for owner-users and investors in one of Montgomery County's commercial districts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Viewpoint Communications, Inc. Film Production Lisa H Slade ... Dental Office T C Family ... Dental Office Jacob A. Nix, D.M.D. Dental Office Campbell Kimberly Y Physician

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0332
    Latitude
    38.99734

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    FAQs

    What type of property is this?
    Office units - Updated office condo in downtown Silver Spring with parking.
    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: Two combined office suites totaling approximately 1,936 square feet in downtown Silver Spring.; Newly updated with a flexible floor plan suitable for various business uses under CR zoning.; Abundance of natural light, two private bathrooms, and **two large private offices/conference rooms**.
    (202) 809-0819
    We can help!
    Listing Contact
    Noel Harmer
    Real Estate License ID: 654852
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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