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    10141 Colesville Rd Silver Spring, MD 20901
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    Property profile & analytics

    10141 Colesville Rd Silver Spring, MD 20901

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    • Neighborhood centers
    • 67,912 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Pharmacy / Pharmacy
    • CVS / Pharmacy
    • Rivas Income Tax Services / Accounting Firm / Tax Preparation
    • America Insurance / Insurance Agency
    • Citibank ATM / Atm

    Property Details for 10141 Colesville Rd

    Property size
    67,912 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents Woodmoor Shopping Center, a 67,912 square foot retail, office, and restaurant property located at 10141 Colesville Road in Silver Spring, Maryland, 20901. The property is situated in Montgomery County, at a high-traffic intersection just half a mile from I-495, offering unparalleled visibility and accessibility. Currently configured as a multi-tenant strip center with nine suites, the center boasts a total of 67,912 square feet, with 9,118 square feet currently vacant. This presents a unique chance to acquire space ranging from a minimum of 408 square feet to a maximum contiguous space of 4,010 square feet, ideal for a variety of medical office uses. The property's location near the county's largest high school ensures a consistent flow of potential customers and employees. The property's prime location and flexible space options make it an attractive proposition for both established businesses and new ventures seeking a thriving commercial environment in a densely populated area. The property's medical office subtype makes it particularly suitable for healthcare providers seeking a convenient and accessible location. This is a rare opportunity to secure space in a well-established center with significant potential for growth and return on investment. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.012
    Latitude
    39.0211

    Comparable in this City

    • Value Estimation by Request
      895 SF

      11247 Lockwood Dr

      Medical Office Space • 895 SF
      11247 Lockwood Dr, Silver Spring, MD 20901
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    • Value Estimation by Request
      4,100 SF

      10723 Colesville Rd

      Restaurants • 4,100 SF
      10723 Colesville Rd, Silver Spring, MD 20901
      View Details
    • Value Estimation
      $1,905,000
      43,514 SF

      10101 Colesville Rd

      SHOPPING CENTER, STRIP CENTER • 43,514 SF
      10101 Colesville Rd, Silver Spring, MD 20901-2426
      View Details
    • Value Estimation
      $1,075,000
      22,240 SF

      8472 Piney Br Rd

      SHOPPING CENTER, STRIP CENTER • 22,240 SF
      8472 Piney Br Rd, Silver Spring, MD 20901-4352
      View Details
    • Value Estimation
      $995,000
      23,088 SF

      344 University W Blvd

      MEDICAL BUILDING • 23,088 SF
      344 University W Blvd, Silver Spring, MD 20901-1948
      View Details
    • Value Estimation
      $1,300,000
      41,800 SF

      440 University E Blvd

      DENTAL BUILDING • 41,800 SF
      440 University E Blvd, Silver Spring, MD 20901-3665
      View Details

    Similar Nearby for Lease

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      1,430 SF

      Silver Spring Office Space Available

      Office space for rent in a campus environment.
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      Office Space Available For Rent

      Office space for rent, currently used as an insurance office.
      10014 Colesville Rd, Silver Spring, MD 20901
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    • $3,000 /Mo

      Office Space Available For Rent

      Office spaces available for rent, currently used as insurance company.
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    • Contact for pricing
      16,767 SF

      Silver Spring Office Space Available

      Office space in Silver Spring with on-site amenities.
      10770 Columbia Pike, Silver Spring, MD 20901
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    Silver Spring, MD 20901
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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.

    More about this property
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    10141 Colesville Rd, Silver Spring, MD, 20901
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