Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11417 Lockwood Dr Silver Spring, MD 20904

    • Warehouses
    • 29,200 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    $3,240,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0808001
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 11417 Lockwood Dr

    Year built
    1984
    Lot size
    0.90 lot acres
    Property size
    29,200 SF
    Zone code
    CR2.5
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    05-03635797
    APU
    503635797

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -76.9875
    Latitude
    39.0407
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,911
    $0.00
    $0.00
    $1,395,933
    -
    $1,312,800
    $104,600
    $1,417,400

    Comparable in this City

    • Value Estimation
      $3,645,000
      10,040 SF

      3351 Briggs Chaney Rd

      MINI-WAREHOUSE, STORAGE • 10,040 SF
      3351 Briggs Chaney Rd, Silver Spring, MD 20904-4812
      View Details
    • Value Estimation
      $33,525,000
      92,294 SF

      12355 Prosperity Dr

      MINI-WAREHOUSE, STORAGE • 92,294 SF
      12355 Prosperity Dr, Silver Spring, MD 20904-1613
      View Details
    • Value Estimation
      $26,665,000
      127,560 SF

      11421 Lockwood Dr

      MINI-WAREHOUSE, STORAGE • 127,560 SF
      11421 Lockwood Dr, Silver Spring, MD 20904-2610
      View Details
    • Value Estimation
      $4,940,000
      35,200 SF

      12144 Tech Rd, Unit 3B

      WAREHOUSE, STORAGE • 35,200 SF
      12144 Tech Rd, Silver Spring, MD 20904-1914
      View Details
    • Value Estimation
      $5,165,000
      35,006 SF

      12000 Tech Rd

      WAREHOUSE, STORAGE • 35,006 SF
      12000 Tech Rd, Silver Spring, MD 20904-1912
      View Details
    • Value Estimation
      $27,570,000
      115,200 SF

      11105 New Hampshire Ave

      WAREHOUSE, STORAGE • 115,200 SF
      11105 New Hampshire Ave, Silver Spring, MD 20904-2605
      View Details

    Similar Nearby for Sale

    • $649,900

      Silver Spring Specialty Property

      Specialty property available for purchase in Silver Spring, Maryland.
      2909 Shanandale Dr, Silver Spring, MD 20904
      View Details
    • $550,000
      0.28 Acres

      Land in Colesville Market

      Land in Silver Spring's Colesville market, near amenities and attractions.
      6 Vital Way, Silver Spring, MD 20904
      View Details
    • $635,000

      Silver Spring Specialty Property

      Specialty property available for sale in Silver Spring, Maryland.
      1738 Whitehall Dr, Silver Spring, MD 20904
      View Details
    • Contact for pricing

      Garden Apartment in Silver Spring

      Charming 1-bedroom apartment with balcony in a great location.
      1647 Carriage House Ter Ter, Silver Spring, MD 20904
      View Details
    • Contact for pricing
      29,283 SF

      Silver Spring Office/Medical Building

      29,283 SF office/medical building with 49% vacancy.
      2301 Broadbirch Dr, Silver Spring, MD 20904
      View Details
    • $528,000

      Silver Spring Specialty Property

      Specialty property available for sale in Silver Spring, Maryland.
      2831 Cornet Ct, Silver Spring, MD 20904
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      202,082 SF

      Silver Spring Warehouse Space Available

      202,082 SF warehouse space for lease in Silver Spring.
      12401 Prosperity Dr, Silver Spring, MD 20904
      View Details
    • Contact for pricing
      3,266 SF

      Silver Spring Medical/Office Space

      Medical/office space with potential for various uses.
      12210 Plum Orchard Dr, Silver Spring, MD 20904
      View Details
    • Contact for pricing
      141,816 SF

      Prime Retail Space in Silver Spring

      High-visibility retail opportunity in a densely populated, affluent area.
      11255 New Hampshire Ave, Silver Spring, MD 20904
      View Details
    • Contact for pricing
      2,400 SF

      Renovated Shopping Center Retail Space

      Retail space available in renovated Silver Spring shopping center.
      13808 Outlet Dr, Silver Spring, MD 20904
      View Details
    • $5,000 /Mo

      Renovated Office Suite For Lease

      Newly renovated office suite with ample parking and storage.
      12069 Tech Rd, Silver Spring, MD 20904
      View Details
    • Contact for pricing
      5,052 SF

      Silver Spring Office Space Available

      Office space for rent with convenient highway and airport access.
      12501 Prosperity Dr, Silver Spring, MD 20904
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11417 Lockwood Dr
    Silver Spring, MD 20904
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.