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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Office buildings
11123 Veirs Ml Rd, Silver Spring, MD 20902-2586
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1260285
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
BRICK
Total area
16,478 SF
Lot
0.25 ac (10,955 SF)
Zoning code
CR6.0
APN
13-01187596
UPID
US40-1260285
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
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.31M
Comparable Approach
Comparable
$5.39M
Blend (final)
Blend
$3.87M
Owner & transaction history
Famous Pawn INC · 1 yrs held
Famous Pawn INC
since 2025
Last sale
$3.9M
3 recorded transactions
Zoning & alternative use
CR6.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.4M
+17.4%
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%
$3,580,000
6.5%
$3,305,000
7%
$3,070,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,445,000
Current use
COMMERCIAL (GENERAL)
$6,390,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$5,155,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,065,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±10% · vs last sale $3.85M (Jan 14 2025)
Last sale anchor
$3.85M
Jan 14 2025
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
$235 / 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
$43,746
Tax year 2022
Assessed value
$3,500,000
Assessed 2023
Previous assessed
$3,538,967
-1.1% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,265,300
Assessed improvement
$2,234,700
Land market value
$1,265,300
Improvement market value
$2,234,700
Total market value
$3,500,000
Applied tax rate
82.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1958
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Units
1
Total area
16,478 SF
Lot
0.25 ac (10,955 SF)
Zoning code
CR6.0
APN
13-01187596
UPID
US40-1260285
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR6.0 · Silver Spring, MD
Zoning CR6.0 · permitted uses
CR6.0 · 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
OFFICE BUILDING Current
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1958
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Famous Pawn INC
Entity
Free & Clear · 1 yrs held
Mailing address
801 WAYNE AVE STE #300, SILVER SPRING, MD 20910-4450
Ownership since
2025
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 14, 2025
$3,850,000
Famous Pawn INC
Arlene B Hillerson
Special Warranty Deed
—
Oct 29, 2015
—
Hillerson,arlene B Trust
Hillerson Robert P
Quit Claim Deed
related
—
—
—
Robert P Hillerson
—
Deed Of Trust
related
$598,666 · Beatrice J Goldman
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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