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Property profile & analytics
FOR LEASE
Office buildings
11510 Georgia Ave, Silver Spring, MD 20902
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-0174943
For Lease
1 / 2
$24 SF/Yr
11510 Georgia Ave, Silver Spring, MD 20902
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
BRICK
Total area
58,346 SF
Lot
1.4 ac (61,177 SF)
Zoning code
CR3.0
APN
13-01185198
UPID
US40-0174943
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
-
JV Tax & Accounting Services, LLC Tax Preparation
-
Morris E. Fischer, LLC Law Firm
-
Law Offices of Yun Jung Yang, LLC Law Firm
-
Nationwide Insurance: Rogers & Goldbach Ins Assoc Insurance Agency
-
Brown Real Estate Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.70M
Comparable Approach
Comparable
$12.33M
Blend (final)
Blend
$11.75M
Owner & transaction history
Samarium LLC · 7 yrs held
Samarium LLC
since 2019
5 recorded transactions
Zoning & alternative use
CR3.0 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,675,000
6.5%
$11,700,000
7%
$10,865,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,275,000
Current use
WAREHOUSE, STORAGE
$18,260,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,940,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$11.75M
Range $10.58M – $12.93M · ±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
$201 / 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
$45,036
Tax year 2022
Assessed value
$3,418,300
Assessed 2023
Previous assessed
$3,418,300
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$3,211,700
Assessed improvement
$206,600
Land market value
$3,211,700
Improvement market value
$206,600
Total market value
$3,418,300
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
For Lease
Year built
1981
Construction
BRICK
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
58,346 SF
Lot
1.4 ac (61,177 SF)
Zoning code
CR3.0
APN
13-01185198
UPID
US40-0174943
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR3.0 · Silver Spring, MD
Zoning CR3.0 · permitted uses
CR3.0 · 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
$19.3M
WAREHOUSE, STORAGE
Est. value
$18.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.9M
OFFICE BUILDING Current
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
1981
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Samarium LLC
Entity
Mailing address
1627 K ST NW LOWR LEVEL, WASHINGTON, DC 20006-1702
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2020
—
Samarium LLC
—
Deed
related
$3,500,000 · John Marshall Bank
Jun 27, 2019
$3,675,000
Samarium LLC
Gccfc 2007-gg9 Georsia Ave LLC
Grant Deed
$3,000,000 · Throckmorton & Whyte LLC
Oct 26, 2018
$4,500,000
Gccfc 2007-gg9 Georgia Ave LLC
Bushnaq Darek S|11510 Georgia Avenue LLC
Trustees Deed
related
—
Dec 2, 1997
$3,200,000
Consortium One-georgia Ave LLC
Crestar Bank
Grant Deed
$2,560,000 · Crestar Bank
—
—
Lakewood At Georgia Avenue LLC
—
Deed Of Trust
related
$2,900,000 · Berkshire 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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