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Property profile & analytics
OFF-MARKET
Estimated value
$35,935,000
Apartment buildings
11141 Georgia Ave Silver Spring, MD 20902-4637
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0609470
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2014
Total area
141,893 SF
Lot
0.51 ac (22,386 SF)
Zoning code
CR6.0
APN
13-03714543
UPID
US40-0609470
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
-
The George Apartments Real Estate Agency
-
Quantized Pixels Film Production Television Studio
-
American Career Institute Wheaton, Maryland Dental Office Vocational School
-
CRōME VR Theater & Performing Art Venue Music Venue
-
Prata Construction Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.05M
Comparable Approach
Comparable
$29.63M
Blend (final)
Blend
$35.94M
Owner & transaction history
VAN METRE GEORGE APARTMENTS LLC
VAN METRE GEORGE APARTMENTS LLC
Zoning & alternative use
CR6.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$55.0M
+26.1%
Office building
$46.9M
+7.4%
Warehouse, storage
$44.4M
+1.8%
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%
$39,045,000
6.5%
$36,045,000
7%
$33,470,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$43,630,000
Current use
COMMERCIAL (GENERAL)
$55,015,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$46,875,000
Change: +7% · Conversion: Moderate
WAREHOUSE, STORAGE
$44,410,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$35.94M
Range $32.34M – $39.53M · ±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
$253 / 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
$402,875
Tax year 2022
Assessed value
$32,376,200
Assessed 2023
Previous assessed
$32,376,200
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$3,878,300
Assessed improvement
$28,497,900
Land market value
$3,878,300
Improvement market value
$28,497,900
Total market value
$32,376,200
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
12
Units
194
Total area
141,893 SF
Lot
0.51 ac (22,386 SF)
Zoning code
CR6.0
APN
13-03714543
UPID
US40-0609470
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR6.0 · Silver Spring, MDZoning 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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$43.6M
COMMERCIAL (GENERAL)
Est. value
$55.0M
OFFICE BUILDING
Est. value
$46.9M
WAREHOUSE, STORAGE
Est. value
$44.4M
APARTMENT HOUSE (5+ UNITS) Current
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
12
Units
194
Lot
0.51 ac
Current owner
From public records · entity-resolved
VAN METRE GEORGE APARTMENTS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
9900 MAIN ST STE #500, FAIRFAX, VA 22031-3907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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