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Property profile & analytics
OFF-MARKET
Estimated value
$5,685,000
Office buildings
11941 Bournefield Way, Silver Spring, MD 20904-7821
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-1388552
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
BRICK
Total area
32,860 SF
Lot
4.96 ac (215,981 SF)
Zoning code
CR0.7
APN
05-02935248
UPID
US40-1388552
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
-
Dodge-Chrome, Inc. (Bike/Boat/Book/etc) Store
-
Compass Health Center Medical Clinic
-
PS Business Parks Property Management Company Commercial Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.59M
Comparable Approach
Comparable
$6.94M
Blend (final)
Blend
$5.69M
Owner & transaction history
Esj Renaissance Ob Westech LLC · 3 yrs held
Esj Renaissance Ob Westech LLC
since 2022
Last sale
$4.8M
3 recorded transactions
Zoning & alternative use
CR0.7 · 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
$4,750,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,140,000
6.5%
$6,590,000
7%
$6,120,000
Blend value · Realmo final
$5.69M
Range $5.12M – $6.25M · ±10% · vs last sale $4.75M (Sep 14 2022)
Last sale anchor
$4.75M
Sep 14 2022
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
$173 / 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
$53,945
Tax year 2022
Assessed value
$4,355,733
Assessed 2023
Previous assessed
$4,200,000
+3.7% YoY
Effective rate
1.24%
On assessed value
Land market value
$3,110,100
Improvement market value
$1,557,100
Total market value
$4,667,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
32,860 SF
Lot
4.96 ac (215,981 SF)
Zoning code
CR0.7
APN
05-02935248
UPID
US40-1388552
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR0.7 · Silver Spring, MD
Zoning CR0.7 · permitted uses
CR0.7 · 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
1989
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
4.96 ac
Current owner
From public records · entity-resolved
Esj Renaissance Ob Westech LLC
Entity
Free & Clear · 3 yrs held
Mailing address
19950 W COUNTRY CLB DR STE #800, AVENTURA, FL 33180-4603
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
$4,750,000
Esj Renaissance Ob Westech LLC
Ip Dsc Moco Garrett LLC
Special Warranty Deed
—
Oct 15, 2019
$17,030,000
Ip Dsc Moco Garrett LLC
Gb LLC
Special Warranty Deed
$137,950,000 · Citizens Bank NA
Nov 13, 1998
$55,558,900
Gb LLC
Westfarm Associates LP
Grant Deed
—
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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