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    8403 Colesville Rd Silver Spring, MD 20910
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    Property profile & analytics

    8403 Colesville Rd, Silver Spring, MD 20910

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    • Office Spaces
    • 14,733 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KyleNeT Technologies Inc. / Information Services
    • Seaweb / Charitable Organization / Social Service Agency
    • Clean Cuts | original music | sound design | audio post production / Recording Studio
    • Kunumba / (Bike/Boat/Book/etc) Store / Corporate Office
    • CyberRx / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 8403 Colesville Rd

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    Regus Metro Plaza II, located at 8403 Colesville Road, Suite 1100, Silver Spring, MD 20910, offers a diverse range of office spaces in Montgomery County. This Class A building, totaling 14,733 square feet, underwent renovations in 2019 and boasts 350 suites. Currently, 5,970 square feet of space is available, with minimum divisible space starting at 10 square feet and a maximum contiguous space of 1,300 square feet. The property caters to various business needs, including executive offices, coworking spaces, creative offices, and traditional office setups. Amenities include elevators, an on-site coffee bar, showers, and a relaxing outdoor area with fountains. The building is conveniently located in a central business district, surrounded by 17 acres of parkland, and is close to numerous amenities such as theaters, cinemas, restaurants, and an ice rink. The property also holds an Energy Star certification, reflecting its commitment to energy efficiency. Multiple tenancy options are available to accommodate businesses of all sizes. This prime Silver Spring location provides easy access to transportation and a vibrant surrounding community.

    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
    -77.0315
    Latitude
    38.9949

    Comparable in this City

    • Value Estimation by Request
      9,186 SF

      1111 Hwy

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    • Value Estimation by Request
      9,186 SF

      1111 Hwy

      Office Units
      1111 Hwy, Silver Spring, MD 20910
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    • Value Estimation by Request
      300 SF

      8609 2nd Avep-10

      CONDOMINIUM OFFICES
      8609 2nd Avep-10, Silver Spring, MD 20910-3360
      View Details
    • Value Estimation by Request
      300 SF

      18th 2nd Ave

      CONDOMINIUM OFFICES
      18th 2nd Ave, Silver Spring, MD 20910
      View Details
    • Value Estimation
      $2,190,000
      2,835 SF

      804 Pershing Dr Ste, Unit 106

      CONDOMINIUM OFFICES
      804 Pershing Dr Ste, Silver Spring, MD 20910-4436
      View Details
    • Value Estimation by Request
      221 SF

      1105 Spg Steye

      CONDOMINIUM OFFICES
      1105 Spg Steye, Silver Spring, MD 20910-4026
      View Details

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    Similar Nearby for Lease

    • Sponsored
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      Metro Plaza II

      Discover many ways to work your way in Metro Plaza II
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    Silver Spring, MD 20910
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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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    8403 Colesville Rd, Silver Spring, MD, 20910
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