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Class A Office Building

912 THAYER Ave, Silver Spring, MD 20910

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For Sale

$3,800,000

18,753 SF Class A office building for sale.

Type:Commercial

Property size:

18,753 SF

Price / SF:

$202/SF

Listing Contact

Lawrence Rosen

Real Estate License ID: 5158

HighLights

Class A Office Building with High‑End Finishings
Excellent Location: Walker's Paradise (Walk Score 94), Very Bikeable (Bike Score 82), and Excellent Transit (Transit Score 87)
Investment Opportunity: Potential for 8% Cap Rate When Fully Leased
Owner‑User or Investment Building
18,753 Square Foot Office Building
Option for 1/3rd Interest Purchase with Refinancing Opportunity

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For Sale

$3,800,000

18,753 SF Class A office building for sale.

Type:Commercial

Property size:

18,753 SF

Price / SF:

$202/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 4:07 pm

Property Features for 912 THAYER Ave

General Information

Standard status: Active
Size: 18,753 SF
Property subtype: Commercial

Building Details

Year Built: 1960

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Listing Contact

Lawrence Rosen

Listing agent Lawrence Rosen License #5158

Listing office Commercial & Investment Realty Associates, LLC.

Listing date Apr 24, 2026

Source Elliman

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 Commercial & Investment Realty Associates, LLC.

HighLights

Class A Office Building with High‑End Finishings
Excellent Location: Walker's Paradise (Walk Score 94), Very Bikeable (Bike Score 82), and Excellent Transit (Transit Score 87)
Investment Opportunity: Potential for 8% Cap Rate When Fully Leased
Owner‑User or Investment Building
18,753 Square Foot Office Building
Option for 1/3rd Interest Purchase with Refinancing Opportunity

Overview

This 18,753 square foot Class A office building is available for sale. Option 1 is priced at $3,800,000, reflecting a 6% capitalization rate based on the current 2026 revenue, with 3,827 square feet (20%) of the building available for lease. Full occupancy is projected to yield approximately an 8% capitalization rate at the current asking price. Option 2 offers a 1/3rd interest in the building for $300,000. Simultaneously with the purchase, the 3 owners will refinance and guarantee a new loan of approximately $2,050,000. The property is located in Silver Spring, Maryland. The location has a bike score of 82, indicating it is very bikeable. The walk score is 94, designating it as a walker's paradise, and the transit score is 87, reflecting excellent transit options. This property is suitable for an owner user or as an investment.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$369.1k	$19.68
− Vacancy	−$63.5k	−$3.38
EGI	$305.6k	$16.30
− OpEx	−$76.4k	−$4.07
NOI	$229.2k	$12.22

18,753 SF · lease $19.68/SF/yr · vacancy 17.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.27M

$2.86M – $3.82M (±1% cap)

NOI $229,186 @ 7.0% cap · market cap 6.03%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$6.60M

$5.77M – $7.70M (±1% cap)

NOI $461,781 @ 7.0% cap · market cap 12.15%

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

Location Intelligence

Current Use by Public Records

Project 216 LLC Consultant FM Talent Source Employment Agency Marilyn Riehl - State ... Insurance Agency Leslie Riehl - State ... Insurance Agency Fitness Together Gym & Fitness Center

Suggested Use

Location Insight

Map
Local Demand

City: Silver Spring
County: Montgomery
State: Maryland
Longitude: -77.0250802
Latitude: 38.9927742

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For sale
Office buildings
MD
Silver Spring
20910
912 THAYER Ave

What type of property is this?

Office building - 18,753 SF Class A office building for sale.

Where is this office building located?

The property is located at 912 THAYER Ave Silver Spring, MD.

What is the asking price?

The asking price for this property is $3,800,000.

What are key features of this property?

This property features: Class A Office Building with High‑End Finishings; Excellent Location: Walker's Paradise (Walk Score 94), Very Bikeable (Bike Score 82), and Excellent Transit (Transit Score 87); Investment Opportunity: Potential for 8% Cap Rate When Fully Leased