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Property profile & analytics
OFF-MARKET
Estimated value
$18,555,000
Grocery and convenience stores
11215 Georgia Ave C Silver Spring, MD 20902-4644
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-1565922
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2013
Total area
59,500 SF
Lot
3.45 ac (150,454 SF)
Zoning code
CBD3
APN
13-03680948
UPID
US40-1565922
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
-
ULTIMATE UNIVERSAL SPORTS LEAGUE Gym & Fitness Center
-
Zipcar Car Rental Facility
-
LVL 10 Lifestyle & Fitness University Gym & Fitness Center
-
Lux Media Consulting Advertising Agency Marketing & Advertising
-
Carlos Mosquera Painting Inc Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.94M
Blend (final)
Blend
$18.56M
Owner & transaction history
Nai Saturn Eastern LLC · 11 yrs held
Nai Saturn Eastern LLC
since 2015
1 recorded transaction
Zoning & alternative use
CBD3 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$28.4M
+7.7%
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
RETAIL STORES
$26,320,000
Current use
INDUSTRIAL (GENERAL)
$28,350,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$23,070,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$18.56M
Range $16.70M – $20.41M · ±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
$312 / 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
$214,650
Tax year 2022
Assessed value
$15,696,433
Assessed 2023
Previous assessed
$15,688,067
+0.1% YoY
Effective rate
1.37%
On assessed value
Land market value
$3,633,400
Improvement market value
$12,071,400
Total market value
$15,704,800
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2013
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
1
Units
1
Total area
59,500 SF
Lot
3.45 ac (150,454 SF)
Zoning code
CBD3
APN
13-03680948
UPID
US40-1565922
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CBD3 · Silver Spring, MD
Zoning CBD3 · permitted uses
CBD3 · 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
RETAIL STORES Current
Est. value
$26.3M
INDUSTRIAL (GENERAL)
Est. value
$28.4M
COMMERCIAL (GENERAL)
Est. value
$23.1M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2013
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
3.45 ac
Current owner
From public records · entity-resolved
Nai Saturn Eastern LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1371 E OAKLAND BLVD STE #200, WALNUT CREEK, CA 94596-8408
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2015
—
Nai Saturn Eastern LLC
Safeway INC
Warranty Deed
—
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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