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Property profile & analytics
FOR LEASE
Life science properties
11800 Tech Rd, Silver Spring, MD 20904
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-0292206
No photos on file
For Lease
$12 SF/Yr
11800 Tech Rd, Silver Spring, MD 20904
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1967
Construction
BRICK
Total area
254,416 SF
Lot
24.98 ac (1,088,129 SF)
Zoning code
CR1.0
APN
05-02104440
UPID
US40-0292206
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
-
DOD Serum Repository Pharmacy
-
Dr. Jesse D. Dawkins Sr, MD Physician Medical Clinic
-
Smith Susan S Physician
-
Office Government Office
-
Armed Forces Health Surveillance Center Armed Forces Association
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.18M
Blend (final)
Blend
$5.18M
Owner & transaction history
Mfs 11800 LLC · 14 yrs held
Mfs 11800 LLC
since 2012
6 recorded transactions
Zoning & alternative use
CR1.0 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$6,995,000
Current use
Blend value · Realmo final
$5.18M
Range $4.66M – $5.70M · ±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
$20 / 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
$313,473
Tax year 2022
Assessed value
$30,682,233
Assessed 2023
Previous assessed
$21,651,200
+41.7% YoY
Effective rate
1.02%
On assessed value
Land market value
$8,748,400
Improvement market value
$39,995,900
Total market value
$48,744,300
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1967
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
254,416 SF
Lot
24.98 ac (1,088,129 SF)
Zoning code
CR1.0
APN
05-02104440
UPID
US40-0292206
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR1.0 · Silver Spring, MD
Zoning CR1.0 · permitted uses
CR1.0 · 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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$7.0M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
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
1967
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
24.98 ac
Current owner
From public records · entity-resolved
Mfs 11800 LLC
Entity
Mailing address
7200 WISCONSIN AVE STE #1100, BETHESDA, MD 20814-4845
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
—
Mfs 11800 LLC
—
Deed
related
$100,000 · Hingham Institution For Savings
Jun 19, 2012
$21,300,000
Mfs 11800 LLC
11800 Tech Road LLC
Special Warranty Deed
$18,000 · Wells Fargo Bank NA
Aug 24, 2000
$19,500,000
11800 Tech Road LLC
Townsend Property Trust LP
Grant Deed
$17,250,000 · Lehman Capital Corp
Nov 30, 1999
—
Townsend Property Trust LP
—
Deed Of Trust
related
$70,050,000 · Nomura Asset Capital Corp
—
—
11800 Tech Road LLC
—
Deed Of Trust
related
$22,000,000 · Chevy Chase Savings Bank
—
—
11800 Tech Road LLC
—
Deed Of Trust
related
$19,600,000 · Allstate 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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