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Property profile & analytics
OFF-MARKET
Estimated value
$11,590,000
Apartment buildings
1155 Ripley St, Silver Spring, MD 20910-7438
Entity Owned
Absentee Owner
Free & Clear
Property ID
US40-1585348
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2013
Total area
486,470 SF
Lot
0.91 ac (39,490 SF)
Zoning code
CBD2
APN
13-03688410
UPID
US40-1585348
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
-
Eleven55 Ripley Apartment Complex Apartment Building
-
Ed Stern Leadership Training Center
-
Steve Syz | Composer Recording Studio
-
Daptechnology LLC IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Topdown Business Management Consultant Business Development 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
$11.59M
Owner & transaction history
HOME PROPERTIES RIPLEY STREET LLC
HOME PROPERTIES RIPLEY STREET LLC
Zoning & alternative use
CBD2 · 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
$24 / 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
Assessed value
$85,093,300
Assessed 2023
Previous assessed
$85,093,300
+0.0% YoY
Assessed land
$27,216,000
Assessed improvement
$57,877,300
Land market value
$27,216,000
Improvement market value
$57,877,300
Total market value
$85,093,300
Applied tax rate
48.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Stories
21
Units
351
Total area
486,470 SF
Lot
0.91 ac (39,490 SF)
Zoning code
CBD2
APN
13-03688410
UPID
US40-1585348
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CBD2 · Silver Spring, MD
Zoning CBD2 · permitted uses
CBD2 · 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.
Building & site characteristics
From public records
Year built
2013
Heating
FORCED AIR
Stories
21
Units
351
Lot
0.91 ac
Current owner
From public records · entity-resolved
HOME PROPERTIES RIPLEY STREET LLC
Entity
Free & Clear · 0 yrs held
Mailing address
850 CLINTON SQ, ROCHESTER, NY 14604-1730
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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