10301 Georgia Ave Silver Spring, MD 20902-5020
Entity Owned
2-yr Hold
~
Est. High Equity
Estimated value (blended)
$15.25M
Range $13.73M – $16.78M (±10%)
Implied cap rate
7.80%
In-place · NOI ÷ last sale
Property ID
US40-1212389
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
76,107 SF
Lot
4.62 ac (201,247 SF)
Zoning code
R60
APN
13-01880123
UPID
US40-1212389
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
-
Pediatrician Medical Clinic
-
Dental Office
-
Dental Office
-
Dental Office
-
Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.25M
CAP Approach
CAP
$18.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.25M
Owner & transaction history
since 2024
Last sale
$15.3M
3 recorded transactions
Zoning & alternative use
R60 · Silver Spring, MD
Top alternative use upside
Office building
$20.8M
+312.5%
Industrial (general)
$18.9M
+273.7%
Retail stores
$16.4M
+225.1%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$15.25M
Value range
$13.73M – $16.78M
±10% around blend
Estimated value / SF
$200 / SF
Confidence
Property data
88
Comparable evidence
60
$13.73M
blend $15.25M
$16.78M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
76,107 SF
Lot area
4.62 ac
Year built
1985
Stories
3
APN
13-01880123
Assessed value
$16,973,633
Annual tax
$200,930
3
Income approach: direct capitalization
Partial preview
Income approach indication
$18.42M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$19.95M
@ 6.5% CAP return
$18.42M
@ 7% CAP return
$17.10M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$15.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+312%
vs current-use indication
Industrial (general)
Retail Stores
Restaurant
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
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from $99/month
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Overview
Implied cap rate
7.80%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.80%
9.0%
NOI (est.)
$1.07M *
Last sale · May 2024
$15.25M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$13.69M
Move the market yield to see immediate price impact.
Value / SF
$180
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.30%7.80%8.30%
$961k
$13.16M
$12.32M
$11.58M
$1.07M
$14.62M
$13.69M
$12.86M
$1.17M
$16.09M
$15.05M
$14.15M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$200,930
Tax year 2022
Assessed value
$16,973,633
Assessed 2023
Previous assessed
$16,926,767
+0.3% YoY
Effective rate
1.18%
On assessed value
Land market value
$5,103,600
Improvement market value
$11,916,900
Total market value
$17,020,500
Applied tax rate
38.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
3
Units
2
Total area
76,107 SF
Lot
4.62 ac (201,247 SF)
Zoning code
R60
APN
13-01880123
UPID
US40-1212389
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R60 · Silver Spring, MDZoning R60 · permitted uses
R60 · Silver Spring, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
2
Units
2
Lot
4.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R60
Jurisdiction
Silver Spring, MD
Recorded code
R60
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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