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11247 Lockwood Dr Silver Spring, MD 20901

OFF-MARKET Retail properties & Spaces Google Maps
895 SF Built 1985
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This 895-square-foot office condo in Silver Spring, Maryland, is offered at $375,000 ($418.99/SF). Located at 11247 Lockwood Dr, 20901, this vacant unit is perfect for an owner-occupant seeking a move-in ready space. Previously configured as a dental suite, the property features a reception/waiting area, three exam rooms with sinks, a lab with two sinks, an office, and two bathrooms—a total of seven sinks. The unit boasts a modern design, including a roughly ten-year-old heat pump and air handler, and a roughly five-year-old hot water heater. A built-in receiver and ceiling speaker system is included. The sale also includes a retail sign box above the front door, providing excellent visibility. This first-floor unit offers significant free parking within the complex. Complete architectural plans are available, facilitating any future modifications. The property is zoned CRT (Commercial Residential Town), allowing for flexible office, medical, or retail uses. The existing dental equipment (two Adec chairs, one Engle chair, and three wall-mounted X-ray units) is negotiable. Occupancy is available at settlement. This is a rare opportunity to acquire a well-maintained, versatile commercial space in a prime location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1985
Total area 895 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Advocacy Group
  • Dental Office

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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