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Property profile & analytics
OFF-MARKET
Estimated value
$28,320,000
Apartment buildings
10820 Georgia Ave, Silver Spring, MD 20902-4763
Entity Owned
4-yr Hold
Property ID
US40-0779226
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
90,576 SF
Lot
3.06 ac (133,293 SF)
Zoning code
R20
APN
13-00951271
UPID
US40-0779226
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
-
Earle Manor Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.01M
Comparable Approach
Comparable
$26.89M
Blend (final)
Blend
$28.32M
Owner & transaction history
Earle Manor Preservation Partners L · 4 yrs held
Earle Manor Preservation Partners L
since 2022
Last sale
$28.8M
3 recorded transactions
Zoning & alternative use
R20 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$43.2M
+55.0%
Retail stores
$40.1M
+43.9%
Commercial (general)
$35.1M
+26.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Silver Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silver Spring submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$28,785,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,925,000
6.5%
$23,010,000
7%
$21,365,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$27,850,000
Current use
INDUSTRIAL (GENERAL)
$43,160,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$40,070,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$35,120,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$29,920,000
Change: +7% · Conversion: Moderate
WAREHOUSE, STORAGE
$28,350,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$28.32M
Range $25.49M – $31.15M · ±10% · vs last sale $28.80M (Mar 18 2022)
Last sale anchor
$28.80M
Mar 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$313 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Assessed value
$12,612,700
Assessed 2023
Previous assessed
$12,612,700
+0.0% YoY
Land market value
$5,794,800
Improvement market value
$7,931,200
Total market value
$13,726,000
Applied tax rate
38.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
4
Units
80
Total area
90,576 SF
Lot
3.06 ac (133,293 SF)
Zoning code
R20
APN
13-00951271
UPID
US40-0779226
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R20 · Silver Spring, MD
Zoning R20 · permitted uses
R20 · Silver Spring, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Silver Spring. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$27.9M
INDUSTRIAL (GENERAL)
Est. value
$43.2M
RETAIL STORES
Est. value
$40.1M
COMMERCIAL (GENERAL)
Est. value
$35.1M
OFFICE BUILDING
Est. value
$29.9M
WAREHOUSE, STORAGE
Est. value
$28.4M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
4
Units
80
Lot
3.06 ac
Current owner
From public records · entity-resolved
Earle Manor Preservation Partners L
Entity
Mailing address
1310 L ST NW STE #325, WASHINGTON, DC 20005-4670
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
—
Earle Manor Preservation Partners L
—
Deed
related
$20,790,000 · Berkadia Commercial Mortgage LLC
Mar 18, 2022
$28,800,000
Earle Manor Preservation Partners L
Bfav Earle Manor LLC
Special Warranty Deed
related
$20,790,000 · Berkadia Commercial Mortgage LLC
Aug 7, 2019
$21,000,000
Bfav Earle Manor LLC
Earle Manor Limited Partnership
Special Warranty Deed
related
$17,304,000 · Capital One Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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