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Property profile & analytics
OFF-MARKET
Estimated value
$27,885,000
Grocery and convenience stores
12028 Cherry Hl Rd Silver Spring, MD 20904-1985
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0199605
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1999
Construction
BRICK
Total area
65,750 SF
Lot
5.52 ac (240,410 SF)
Zoning code
CR0.7
APN
05-03206167
UPID
US40-0199605
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
-
ShopRite of White Oak, MD Grocery & Convenience Store Food Market
-
Jeanette N. Angeh, RPH Pharmacy
-
higi Medical Clinic
-
Coinstar Kiosk - Bitcoin ATM Atm Currency Exchange Service
-
ShopRite Pharmacy of White Oak, MD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.25M
Comparable Approach
Comparable
$31.21M
Blend (final)
Blend
$27.89M
Owner & transaction history
Cherry Hill Market LLC · 4 yrs held
Cherry Hill Market LLC
since 2022
Last sale
$28.3M
5 recorded transactions
Zoning & alternative use
CR0.7 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$31.3M
+7.7%
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
$28,310,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,185,000
6.5%
$23,250,000
7%
$21,585,000
Alternative Use
Use
Estimation
RETAIL STORES
$29,085,000
Current use
INDUSTRIAL (GENERAL)
$31,330,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,495,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$27.89M
Range $25.10M – $30.67M · ±10% · vs last sale $28.33M (Jun 16 2022)
Last sale anchor
$28.33M
Jun 16 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
$424 / 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
$220,696
Tax year 2022
Assessed value
$19,639,633
Assessed 2023
Previous assessed
$15,570,000
+26.1% YoY
Effective rate
1.12%
On assessed value
Land market value
$4,320,200
Improvement market value
$23,458,700
Total market value
$27,778,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
65,750 SF
Lot
5.52 ac (240,410 SF)
Zoning code
CR0.7
APN
05-03206167
UPID
US40-0199605
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
RETAIL STORES Current
Est. value
$29.1M
INDUSTRIAL (GENERAL)
Est. value
$31.3M
COMMERCIAL (GENERAL)
Est. value
$25.5M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1999
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
5.52 ac
Current owner
From public records · entity-resolved
Cherry Hill Market LLC
Entity
Mailing address
2 W NORTHFIELD RD STE #202, LIVINGSTON, NJ 07039-3759
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
$38,325,000
Cherry Hill Market LLC
Mcb White Oak Owner LLC
Special Warranty Deed
$13,000,000 · Marine FCU
May 7, 2021
$16,000,000
Mcb White Oak Owner LLC
Chandler White Oak LLC
Special Warranty Deed
$16,000,000 · White Oak Lender LLC
Jun 15, 2012
$13,778,000
Chandler White Oak LLC
A-mcb White Oak LLC
Grant Deed
$8,550,000 · Bank Of America
Mar 10, 2011
$9,820,000
A-mcb White Oak LLC
White Oak-grocery LLC
Grant Deed
—
Feb 28, 2001
—
White Oak Grocery LLC
Great Atlantic & Pacific Tea
Grant Deed
$6,053 · Salomon Brothers Realty Corp
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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