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12069 Tech Rd Silver Spring, MD 20904

Commercial real estate Google Maps
5,168 SF 0.32 ac lot
Entity Owned ~ Est. High Equity
12069 Tech Rd, Silver Spring, MD 20904 For Lease
$5,000/Mo 5,168 SF available
12069 Tech Rd, Silver Spring, MD 20904
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Estimated value (blended)
$580k
Range $522k – $638k (±10%)
Property ID US40-0134203

Property summary

AI-generated overview

This exceptional 5,168 square foot flex space, located at 12069 Tech Rd, Silver Spring, MD 20904, presents a unique owner-user opportunity. The property, part of the Montgomery Industrial Park Condominiums, is a Class C building constructed in 1988 and extensively renovated in 2020. Boasting 20-foot ceilings and a roll-up door, the ground floor features a reception area with a coffee bar and refrigerator, a large office, three smaller offices, a conference area, a kitchen, and a warehouse area. Two bathrooms are conveniently located on this level. Upstairs, approximately 1056 square feet of finished space includes three offices, a reception area, and a large conference area, along with another bathroom. The property includes a 1,200 square foot main mezzanine plus an additional 256 square feet of supplemental mezzanine space, offering ample storage. Recent upgrades include a new HVAC system (Trane, installed 5/27/2020, with warranties), new luxury vinyl plank flooring, fresh paint, updated kitchen and bathroom fixtures, new windows, LED lighting, and a new water heater. The property is professionally decorated and features a smart control thermostat, two electrical panels, and a network hard-wired for offices. There is one loading dock. The permitted zoning is Light Industrial. The asking price is $1,200,000 ($232.20/sq ft). Occupancy is available September 30, 2024. While there is no currently dedicated parking, the building's Board of Directors has authorized approval of a parking policy, and ample parking is available within the complex. This property offers a blend of modern amenities and functional space, ideal for a variety of businesses.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Total area 5,168 SF
Lot 0.32 ac (13,799 SF)
Zoning code I1
APN 05-02758778
UPID US40-0134203

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Art Gallery
  • Tax Preparation
  • Accounting Firm
  • Law Firm
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.19M
Blend (final) Blend
$580k

Owner & transaction history

since 2025
Last sale
$1.1M
4 recorded transactions
2025
$1.1M
2018
Price N/A
2007
Price N/A
2004
$465,000

Zoning & alternative use

I1 · Silver Spring, MD
Top alternative use upside
Industrial (general) $2.5M +22.9%
Retail stores $2.3M +14.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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