Office Unit with Dedicated
For Sale
$275,000
8609 2ND AVENUE, Silver Spring, MD 20910
Multi-office suite with central air and an existing therapy-practice occupant.
Property Size701 SF
Price / SF$392.30
Days on Market164
Property Features for 8609 2ND AVENUE
General Information
Standard status
Active
Size
701 SF
Total Parking Spaces
1
Property subtype
Office
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,132
Amenities
Central Air
3
Carpet
Building Details
Year Built
1987
Listing Agency:
(202) 669-4683
Listed By:
Perennial Real Estate
(202) 669-4683
Source:
Xome
Added: Feb 20
Changed: Aug 2
Last Checked: Aug 2 at 4:25AM
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 Perennial Real Estate
Investment Insights
Based on property information with market context.
This 701 SF office unit offers a multi-office layout with carpeted interiors and central air. The suite is currently partially occupied by a longstanding therapy practice and is maintained in good condition. The property was built in 1987.
Located at 8609 2nd Avenue in Silver Spring, the office provides access to downtown Silver Spring and nearby Metro service. The sale includes dedicated parking space P-18, adding reserved on-site parking for the suite.
Located at 8609 2nd Avenue in Silver Spring, the office provides access to downtown Silver Spring and nearby Metro service. The sale includes dedicated parking space P-18, adding reserved on-site parking for the suite.
Key Highlights
- 701 SF multi‑office suite
- Currently partially occupied by a longstanding therapy practice
- Central air and carpeted interiors
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.6k | $32.28 |
| − Vacancy | −$4.3k | −$6.07 |
| EGI | $18.4k | $26.21 |
| − OpEx | −$7.3k | −$10.48 |
| NOI | $11.0k | $15.73 |
701 SF · lease $32.28/SF/yr · vacancy 18.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$157.5K
$137.8K – $183.7K
NOI $11,024 @ 7.0% cap · market cap 4.01%
Second Best
Office B
$122.4K
$107.1K – $142.8K
NOI $8,567 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$246.6K
$215.8K – $287.7K
NOI $17,262 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,854
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
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Frequently Asked Questions
What type of property is this?
Office units - Multi-office suite with central air and an existing therapy-practice occupant.
Where is this office units located?
The property is located at 8609 2ND AVENUE Silver Spring, MD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 701 SF multi‑office suite; Currently partially occupied by a longstanding therapy practice; Central air and carpeted interiors
