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Property profile & analytics
OFF-MARKET
Estimated value
$60,025,000
Apartment buildings
10914 Georgia Ave, Silver Spring, MD 20902-4792
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1582150
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2014
Total area
206,817 SF
Lot
1.66 ac (72,138 SF)
Zoning code
CR4.0
APN
13-03707308
UPID
US40-1582150
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
-
fire department Hospital
-
We Fix Cellphones & Computers Here! Computer & Electronic Repair
-
Karin G. Weber, LCPC Counselor
-
dotBleu Logistics Company Freight Service
-
Tech Den Consulting Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$52.54M
Comparable Approach
Comparable
$43.62M
Blend (final)
Blend
$60.03M
Owner & transaction history
29sc Wheaton Tic Owner LLC · 3 yrs held
29sc Wheaton Tic Owner LLC
since 2023
Last sale
$64.0M
3 recorded transactions
Zoning & alternative use
CR4.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$98.5M
+55.0%
Retail stores
$91.5M
+43.9%
Commercial (general)
$80.2M
+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
$74,590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$56,915,000
6.5%
$52,535,000
7%
$48,785,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$63,590,000
Current use
INDUSTRIAL (GENERAL)
$98,545,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$91,495,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$80,190,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$68,320,000
Change: +7% · Conversion: Moderate
WAREHOUSE, STORAGE
$64,730,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$60.03M
Range $54.02M – $66.03M · ±10% · vs last sale $64.00M (Mar 3 2023)
Last sale anchor
$64.00M
Mar 3 2023
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
$290 / 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
$529,772
Tax year 2022
Assessed value
$47,663,800
Assessed 2023
Previous assessed
$47,663,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Land market value
$10,888,500
Improvement market value
$37,107,200
Total market value
$47,995,700
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 (100+ UNITS)
Status
Off-Market
Year built
2014
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
6
Units
232
Total area
206,817 SF
Lot
1.66 ac (72,138 SF)
Zoning code
CR4.0
APN
13-03707308
UPID
US40-1582150
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR4.0 · Silver Spring, MD
Zoning CR4.0 · permitted uses
CR4.0 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$63.6M
INDUSTRIAL (GENERAL)
Est. value
$98.5M
RETAIL STORES
Est. value
$91.5M
COMMERCIAL (GENERAL)
Est. value
$80.2M
OFFICE BUILDING
Est. value
$68.3M
WAREHOUSE, STORAGE
Est. value
$64.7M
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
2014
Heating
HOT WATER
Cooling
Yes
Stories
6
Units
232
Lot
1.66 ac
Current owner
From public records · entity-resolved
29sc Wheaton Tic Owner LLC
Entity
Mailing address
20 N WACKER DR STE #2050, CHICAGO, IL 60606-3009
Ownership since
2023
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
Mar 3, 2023
$64,000,000
29sc Wheaton Tic Owner LLC
10914 Georgia Avenue LLC
Special Warranty Deed
—
—
—
10914 Georgia Avenue LLC
—
Deed Of Trust
related
$5,000,000 · Miscellaneous Govt Agcy
—
—
10914 Georgia Avenue LLC
—
Loan Modification
related
$41,983,000 · Rbs Citizens 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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