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Property profile & analytics
OFF-MARKET
Estimated value
$5,725,000
Life science properties
11961 Tech Rd, Silver Spring, MD 20904-1936
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1475082
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1970
Construction
BRICK
Total area
35,000 SF
Lot
1.83 ac (79,715 SF)
Zoning code
CR0.7
APN
05-00271148
UPID
US40-1475082
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
-
ATM Atm
-
Addis Lidet International Church Church
-
MCS Graphic Productions (Bike/Boat/Book/etc) Store Printing Service
-
Summit Group - DC Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.73M
Owner & transaction history
Addis Lidet International Church · 4 yrs held
Addis Lidet International Church
since 2021
Last sale
$5.4M
4 recorded transactions
Zoning & alternative use
CR0.7 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.5M
+891.0%
Industrial (general)
$8.6M
+790.9%
Retail stores
$7.6M
+684.7%
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
$6,160,000
ML approach
$5,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,540,000
Change: +891% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,575,000
Change: +791% · Conversion: Difficult
RETAIL STORES
$7,550,000
Change: +685% · Conversion: Difficult
RESTAURANT
$6,675,000
Change: +594% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,900,000
Change: +409% · Conversion: Difficult
Blend value · Realmo final
$5.73M
Range $5.15M – $6.30M · ±10% · vs last sale $5.43M (Jul 19 2021)
Last sale anchor
$5.43M
Jul 19 2021
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
$164 / 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
$21,999
Tax year 2022
Assessed value
$5,347,600
Assessed 2023
Previous assessed
$5,514,900
-3.0% YoY
Effective rate
0.41%
On assessed value
Assessed land
$1,434,800
Assessed improvement
$3,912,800
Land market value
$1,434,800
Improvement market value
$3,912,800
Total market value
$5,347,600
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
Off-Market
Year built
1970
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
35,000 SF
Lot
1.83 ac (79,715 SF)
Zoning code
CR0.7
APN
05-00271148
UPID
US40-1475082
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
INDUSTRIAL (GENERAL)
Est. value
$8.6M
RETAIL STORES
Est. value
$7.6M
RESTAURANT
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
1970
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Addis Lidet International Church
Entity
Mailing address
11961 TECH RD, SILVER SPRING, MD 20904-1936
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$5,425,000
Addis Lidet International Church
Md Ips LLC
Deed
$4,050,000 · Sandy Spring Bank
—
—
Md-ips LLC
—
Deed Of Trust
related
$2,000,000 · Manufacturers Traders & Trust
—
—
Md-ips LLC
—
Deed Of Trust
related
$1,500,000 · Manufacturers Traders & Trust
—
—
Md-ips LLC
—
Deed Of Trust
related
$1,050,000 · Allfirst Bank
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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