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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail residential properties
1205 Frst Gln Rd Silver Spring, MD 20901-2105
Individually Owned
3-yr Hold
Property ID
US40-2396288
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1948
Construction
FRAME
Total area
1,464 SF
Lot
0.16 ac (7,069 SF)
Zoning code
R60
APN
13-01096296
UPID
US40-2396288
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$690k
Owner & transaction history
Matthew J Niedzwiecki · 3 yrs held
Matthew J Niedzwiecki
since 2022
Last sale
$692,000
7 recorded transactions
Zoning & alternative use
R60 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$650,000
+14.1%
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
$690,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$570,000
Current use
RETAIL STORES
$650,000
Change: +14% · Conversion: Easy
OFFICE BUILDING
$485,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$460,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $692k (Aug 1 2022)
Last sale anchor
$692k
Aug 1 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
$471 / 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
$5,971
Tax year 2022
Assessed value
$570,333
Assessed 2023
Previous assessed
$550,000
+3.7% YoY
Effective rate
1.05%
On assessed value
Land market value
$212,800
Improvement market value
$398,200
Total market value
$611,000
Applied tax rate
38.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1948
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
1,464 SF
Lot
0.16 ac (7,069 SF)
Zoning code
R60
APN
13-01096296
UPID
US40-2396288
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R60 · Silver Spring, MD
Zoning R60 · permitted uses
R60 · 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
COMMERCIAL (GENERAL) Current
Est. value
$570,000
RETAIL STORES
Est. value
$650,000
OFFICE BUILDING
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$460,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1948
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Matthew J Niedzwiecki
Individual
Mailing address
1205 FRST GLN RD, SILVER SPRING, MD 20901-2105
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$692,000
Matthew J Niedzwiecki
Adam R Foote
Deed
$553,600 · Townebank Mortgage
Jun 17, 2016
$525,000
Adam R Foote
Prh LLC
Grant Deed
$542,325 · New America Fin'l
Dec 15, 2015
$293,544
Bank Of Ny Mellon 2005-7 Tr
Fisher Jeffrey B|pavia,lisa A
Trustees Deed
—
Dec 15, 2015
$280,200
Prh LLC
Bank Of Ny Mellon 2005-7
Grant Deed
—
Jul 1, 2003
$270,000
Lisa A Pavia
Greenidge,lewis R Est
Grant Deed
$270,000 · Charter One Mortgage Corp
—
—
Lisa A Pavia
—
Deed Of Trust
related
$38,600 · Countrywide Bank
—
—
Lisa A Pavia
—
Deed Of Trust
related
$75,550 · Usaa Fsb
—
—
Lisa A Pavia
—
Deed Of Trust
related
$99,900 · Countrywide Bank
—
—
Enid M Greenidge
—
Deed Of Trust
related
$115,000 · Market Street Mortgage
—
—
Lisa A Pavia
—
Deed Of Trust
related
$332,000 · Countrywide Home Loans INC
—
—
Lisa A Pavia
—
Deed Of Trust
related
$306,000 · National Bank Of Kansas City
—
—
Lisa A Pavia
—
Deed Of Trust
related
$22,000 · Countrywide Home Loans INC
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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