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Property profile & analytics
OFF-MARKET
Estimated value
$28,035,000
Retail properties & Spaces
11221 New Hampshire Ave Silver Spring, MD 20904-2631
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-2386621
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1967
Construction
BRICK
Total area
175,520 SF
Lot
18.78 ac (818,250 SF)
Zoning code
CR2.5
APN
05-00260362
UPID
US40-2386621
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
-
Giant Food Grocery & Convenience Store Food Market
-
Giant Pharmacy Pharmacy
-
Cardtronics ATM Atm
-
higi Medical Clinic
-
UPS Access Point Locker Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.04M
Owner & transaction history
White Oak Shopping Center LLC · 2 yrs held
White Oak Shopping Center LLC
since 2024
7 recorded transactions
Zoning & alternative use
CR2.5 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$160 / 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
$210,406
Tax year 2022
Assessed value
$11,863,200
Assessed 2023
Previous assessed
$10,000,000
+18.6% YoY
Effective rate
1.77%
On assessed value
Land market value
$8,350,800
Improvement market value
$7,238,800
Total market value
$15,589,600
Applied tax rate
42.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
1
Units
2
Total area
175,520 SF
Lot
18.78 ac (818,250 SF)
Zoning code
CR2.5
APN
05-00260362
UPID
US40-2386621
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR2.5 · Silver Spring, MDZoning CR2.5 · permitted uses
CR2.5 · Silver Spring, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
18.78 ac
Current owner
From public records · entity-resolved
White Oak Shopping Center LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7501 WISCONSIN AVE STE #1500, BETHESDA, MD 20814-6522
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
White Oak Shopping Center LLC
Saul Subsidiary I Limited Partnersh
Re-recorded Document
related
—
Jun 10, 2024
—
White Oak Shopping Center LLC
Saul Subsidiary I Limited Partnersh
Deed
—
Feb 14, 2018
—
Sears Roebuck
—
Deed
related
$17,400,000 · Jpp LLC
May 30, 2014
—
Saul Subsidiary I LP
—
Loan Modification
related
$27,500,000 · John Hancock Life Insurance Co
May 2, 2012
—
Saul Subsidiary I LP
—
Deed Of Trust
$27,500,000 · John Hancock Life Insurance Co
Jun 8, 2004
$884,610
State Highway Administration Of Dep
Saul Subsidiary I
Grant Deed
—
—
—
Saul Subsidiary I LP
—
Loan Modification
related
$27,500,000 · John Hancock Life Insurance Co
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.
Try Rey
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