12069 Tech Rd Silver Spring, MD 20904
Property profile & analytics
12069 Tech Rd Silver Spring, MD 20904
- Commercial real estate
- 5,168 SF
- 0.32 lot acres
Property ID
US40-0134203
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Delta Art and Gift / Art Gallery
- Norberg Davis Bourne & Painter LLP, CPAs / Tax Preparation
- Kevin G Bradley, CPA / Accounting Firm
- Bonnett Joseph L / Law Firm
- Delta Dimensions / Corporate Office
Property Details for 12069 Tech Rd
- Lot size
- 0.32 lot acres
- Property size
- 5,168 SF
- Zone code
- I1
- Property type
- Commercial real estate
- APN
- 05-02758778
- APU
- 502758778
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,185,000
- AI Estimate
- $1,935,000
Market price range: $1.38M - $2.44MMarket price range: $1.39M - $2.30M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,005,000 Current use
- INDUSTRIAL (GENERAL)
- $2,465,000 Change: +23% Conversion: Moderate
- RETAIL STORES
- $2,285,000 Change: +14% Conversion: Easy
- OFFICE BUILDING
- $1,705,000 Change: -15% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,615,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Silver Spring
- County
- Montgomery
- State
- Maryland
- Longitude
- -76.9682
- Latitude
- 39.0524
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,272
$0.00
$0.00
$680,400
-
$209,200
$488,400
$697,600
