Mixed-Use Property with
New
For Sale
$4,000,000
8618 FENTON STREET, Silver Spring, MD 20910
Central air and forced-air heating serve the building, with gas water heating.
Property Size11,876 SF
Price / SF$336.81
Days on Market5
Property Features for 8618 FENTON STREET
General Information
Standard status
Active
Size
11,876 SF
Property subtype
Commercial
Building Details
Year Built
2010
Listing Agency:
RE/MAX Realty Services
(301) 652-0400
Listed By:
John Williams · License #585736
(240) 507-5000
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 6:44AM
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 RE/MAX Realty Services
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Investment Insights
Based on property information with market context.
Built in 2010, this mixed-use property at 8618 Fenton Street has central air, electric service, natural gas forced-air heating, and a gas water heater. Zoning is CR5.0.
The property is on Fenton Street between Cameron Street and Colesville Road in Silver Spring. Exterior parking features include on-street parking and a garage.
The property is on Fenton Street between Cameron Street and Colesville Road in Silver Spring. Exterior parking features include on-street parking and a garage.
Key Highlights
- CR5.0 zoning
- Built in 2010
- Central air and electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,943
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,458,860
$5.5M
Cap Rate 7%
$3,899,186
$3.9M
Cap Rate 9%
$3,032,700
$3.0M
Market Conditions
NOI Build-Up for 11,876 SF
Gross rent
$416.1K $35.04/SF
− Vacancy
−$26.2K −$2.21/SF
EGI
$389.9K $32.83/SF
− OpEx
−$117.0K −$9.85/SF
NOI
$272.9K $22.98/SF
Area
Montgomery County, MD
Vacancy
6.30%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,458,860
Cap Rate 7%
$3,899,186
Cap Rate 9%
$3,032,700
Alternative Uses
Best Use
Retail
$3.90M
$3.41M – $4.55M
NOI $272,943 @ 7.0% cap · market cap 6.82%
Second Best
Mixed Use
$2.29M
$2.00M – $2.67M
NOI $160,326 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$4.18M
$3.66M – $4.87M
NOI $292,439 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,861
Businesses Nearby
281k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 27%
Shops & Services 9%
Hotels & Casinos 7%
Chick-fil-A
Dining
46,978 visits/mo
0.2 miles
Giant
Groceries
42,300 visits/mo
0.5 miles
Safeway
Groceries
32,489 visits/mo
0.4 miles
McDonald's
Dining
27,268 visits/mo
0.3 miles
Panera Bread
Dining
13,133 visits/mo
0.2 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Central air and forced-air heating serve the building, with gas water heating.
Where is this mixed-use property located?
The property is located at 8618 FENTON STREET Silver Spring, MD.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: CR5.0 zoning; Built in 2010; Central air and electric service
