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Property profile & analytics
OFF-MARKET
Estimated value
$23,810,000
Warehouses
10839 Georgia Ave Silver Spring, MD 20902-4720
Entity Owned
10-yr Hold
Free & Clear
Property ID
US40-1425363
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
BRICK
Total area
65,550 SF
Lot
2.34 ac (101,834 SF)
Zoning code
CR3.0
APN
13-00951566
UPID
US40-1425363
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
-
Trader Dan's Furniture Furniture & Home Goods Home Decor Store
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.81M
Owner & transaction history
Extra Space Properties 122 LLC · 10 yrs held
Extra Space Properties 122 LLC
since 2016
6 recorded transactions
Zoning & alternative use
CR3.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$31.2M
+52.2%
Retail stores
$29.0M
+41.4%
Commercial (general)
$25.4M
+23.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,515,000
Current use
INDUSTRIAL (GENERAL)
$31,235,000
Change: +52% · Conversion: Easy
RETAIL STORES
$29,000,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$25,415,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$21,655,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$20,155,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$23.81M
Range $21.43M – $26.19M · ±10%
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
$363 / 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
Tax billed
$226,166
Tax year 2022
Assessed value
$19,771,967
Assessed 2023
Previous assessed
$19,448,533
+1.7% YoY
Effective rate
1.14%
On assessed value
Land market value
$5,410,400
Improvement market value
$14,685,000
Total market value
$20,095,400
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
3
Units
983
Total area
65,550 SF
Lot
2.34 ac (101,834 SF)
Zoning code
CR3.0
APN
13-00951566
UPID
US40-1425363
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR3.0 · Silver Spring, MD
Zoning CR3.0 · permitted uses
CR3.0 · 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
WAREHOUSE, STORAGE Current
Est. value
$20.5M
INDUSTRIAL (GENERAL)
Est. value
$31.2M
RETAIL STORES
Est. value
$29.0M
COMMERCIAL (GENERAL)
Est. value
$25.4M
OFFICE BUILDING
Est. value
$21.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.2M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1988
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Units
983
Lot
2.34 ac
Current owner
From public records · entity-resolved
Extra Space Properties 122 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2016
—
Extra Space Properties 122 LLC
Ess Vrs Owner LLC
Grant Deed
—
Aug 9, 2005
$13,483,349
Ess Vrs Owner LLC
Susa Ptshp
Grant Deed
$52,100,000 · Wachovia Bank NA
Dec 24, 1997
$9,100,000
Susa Partnership LP
Arlington Storage Fund Ltd
Grant Deed
—
Dec 24, 1997
—
Susa Partnership LP
Arlington,storag
Grant Deed
related
—
—
—
Ess Vrs Owner LLC
—
Deed Of Trust
related
—
—
—
Ess Vrs Owner LLC
—
Loan Modification
related
$25,072,671 · Compass Bk
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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