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Property profile & analytics
FOR LEASE
Residential income homes

1017 University Blvd E 102 Silver Spring, MD 20903

3,360 SF 0.17 ac lot Built 1954
Individually Owned 23-yr Hold Free & Clear
Property ID
US40-1213417
Property summary
AI-generated overview

This exceptional 840-square-foot executive office suite at 1017 & 1019 University Blvd E in Montgomery County is available for immediate occupancy. The single-tenant space boasts a desirable layout featuring two offices, a reception/waiting area, a half-bathroom, and ample storage. The interior features attractive laminate wood flooring throughout and freshly painted walls. High ceilings with fluorescent lighting fixtures provide bright, functional workspace. The suite offers both front and rear entrances for convenient access. A detailed floor plan is available upon request. Unit 1019 includes additional plumbing, perfect for businesses requiring extra sinks. A prominent 10' x 8' permanent sign is already installed at the building, offering excellent visibility. Tenants can utilize a designated panel on this sign for their business signage (tenant pays for panel). Convenient parking is available on-site, with several unreserved spaces, plus additional parking along the service road. The property is zoned CRT, allowing for office, retail, and service uses. This turnkey space presents a fantastic opportunity for a variety of businesses seeking a well-maintained, conveniently located office suite.

Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1954
Construction BRICK
Total area 3,360 SF
Lot 0.17 ac (7,200 SF)
Zoning code CRT2.
APN 13-03174083
UPID US40-1213417
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • gideon-church Church
  • BRANDON ALEXANDER FOUNDATION Charitable Organization Social Service Agency
  • Gideon Ministries Int'l Church (GMIC) Church
  • Slade Health Care Inc Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$801k
Blend (final) Blend
$755k
Owner & transaction history
Mahvash Bonakdar · 23 yrs held
Mahvash Bonakdar
since 2003
1 recorded transaction
2003
$315,000
Zoning & alternative use
CRT2. · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.1M +7.4%
Warehouse, storage $1.1M +1.8%
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