Property profile

1010 Wayne Ave Silver Spring, MD 20910

OFF-MARKET
Office buildings
Property ID
US40-1437563
207,746 SF 0.59 ac lot Built 1987
Entity Owned 7-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is an office space totaling approximately 2,030 square feet, situated in the Silver Spring Town Center area near retail and dining and within about one block of a Metro station, with the Metro and MARC stations nearby. The building includes a recently renovated lobby, on-site property management, and a conference facility equipped for video conferencing, along with an after-hours lobby attendant and an electronic access system. Telecommunications offerings include high-speed internet and data services, with T-1 and fiber optic connectivity available and the building configured to deliver high-bandwidth service to individual suites. On-site amenities include a BB&T bank and a delicatessen and catering operation within the building complex. Parking is available via underground parking, and a large parking garage is located across the street. The location is directly across from the site of the Discovery Communications headquarters and is within walking distance of hotels such as a Hilton and a Marriott Courtyard, with nearby cultural and commercial attractions including the American Film Institute at the historic Silver Theatre. The space is suitable for uses such as a travel agency.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction BRICK
Total area 207,746 SF
Lot 0.59 ac (25,892 SF)
Zoning code CR8.0
APN 13-02621237
UPID US40-1437563

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
  • General Contractor
  • Charitable Organization Social Service Agency
  • Dental Office
  • Building Consultant
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

1010 Wayne Ave Silver Spring, MD 20910-5600
Silver Spring metro Census 702501 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$83.54M
Blend (final) Blend
$87.37M

Owner & transaction history

since 2019
5 recorded transactions
2022
Price N/A
2019
$35.7M
2012
$48.6M
2009
$28.0M
1969
Price N/A

Zoning & alternative use

CR8.0 · Silver Spring, MD
Top alternative use upside
Industrial (general) $99.0M +3.3%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1010 Wayne Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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