Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1111 Hwy Silver Spring, MD 20910

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1111 Hwy Silver Spring, MD 20910

    View on Map
    • Office properties & Spaces
    • 9,186 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 1111 Hwy

    Property size
    9,186 SF
    Property type
    Office properties & Spaces
    Property subtype
    Coworking space

    Description

    This meticulously designed 2,450 square-foot office space in Silver Spring, Maryland, is perfectly suited for creative businesses, video production companies, or design studios. Located at 1111 East-West Hwy, 20910, near Georgia Ave, this single-tenant space within a larger 9,186 square-foot, three-story building offers numerous desirable features. The space boasts six versatile rooms ideal for edit suites or private offices, a fully equipped kitchen, and two private bathrooms. Enjoy the benefits of central air conditioning, an open floor plan promoting collaboration, abundant natural light from large windows, and direct elevator access. The building, renovated in 2013, features polished concrete floors and is situated in the Silver Spring submarket of Montgomery County, MD (DC Metro Area), zoned CBD-R2. The building includes an elevator. This exceptional space provides a comfortable and productive environment for any creative team. The property is part of a larger building with a 1.32 FAR.

    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
    -77.0272
    Latitude
    38.9885

    Comparable in this City

    • Value Estimation by Request
      14,733 SF

      8403 Colesville Rd

      Office Units • 14,733 SF
      8403 Colesville Rd, Silver Spring, MD 20910
      View Details
    • Value Estimation by Request
      9,186 SF

      1111 Hwy

      Office Units • 9,186 SF
      1111 Hwy, Silver Spring, MD 20910
      View Details
    • Value Estimation by Request
      300 SF

      8609 2nd Avep-4

      CONDOMINIUM OFFICES • 300 SF
      8609 2nd Avep-4, Silver Spring, MD 20910-3360
      View Details
    • Value Estimation by Request
      300 SF

      8609 2nd Avep-7

      CONDOMINIUM OFFICES • 300 SF
      8609 2nd Avep-7, Silver Spring, MD 20910-3360
      View Details
    • Value Estimation by Request
      300 SF

      8609 2nd Avep-1

      CONDOMINIUM OFFICES • 300 SF
      8609 2nd Avep-1, Silver Spring, MD 20910-3360
      View Details
    • Value Estimation by Request
      300 SF

      8609 2nd Avep-9

      CONDOMINIUM OFFICES • 300 SF
      8609 2nd Avep-9, Silver Spring, MD 20910-3360
      View Details

    Similar Nearby for Sale

    • $275,000

      Downtown Silver Spring Office Suite

      Multi-office suite with parking near Silver Spring metro.
      8609 2Nd Ave, Silver Spring, MD 20910
      View Details
    • $875,000

      Downtown Silver Spring Medical/Office Condo

      Street-level medical/office condo in downtown Silver Spring with storage units.
      804 Pershing Dr, Silver Spring, MD 20910
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      Metro Plaza II

      Discover many ways to work your way in Metro Plaza II
      8403 Colesville Road Aly, Silver Spring, MD 20910
      View Details
    • Contact for pricing
      2,942 SF

      Silver Spring Office Space Available

      Office space for rent near Silver Spring Town Center.
      801 Roeder Rd, Silver Spring, MD 20910
      View Details
    • $84,565

      Professional Office Suite For Rent

      Functional office suite in downtown Silver Spring with flexible layout.
      1110 Bonifant St, Silver Spring, MD 20910
      View Details
    • Contact for pricing
      988 SF

      Silver Spring Office Space Available

      988 square feet of office space for rent.
      8121 Georgia Ave, Silver Spring, MD 20910
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1111 Hwy
    Silver Spring, MD 20910
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!