Entity Owned 
For Lease
$2,500/Mo
12124 Heritage Park Cir,Unit A, Silver Spring, MD 20906
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Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
766 SF
Lot
0.05 ac (2,060 SF)
Zoning code
CT
APN
13-02475941
UPID
US40-2256252
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
-
Medical Clinic Skin Care Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$325k
Owner & transaction history
since 2025
Last sale
$207,000
2 recorded transactions
Zoning & alternative use
CT · Silver Spring, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 21 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$325k
Value range
$293k – $358k
±10% around blend
Estimated value / SF
$424 / SF
Confidence
High
21 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$293k
blend $325k
$358k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
766 SF
Lot area
0.05 ac
Stories
1
APN
13-02475941
Zoning
CT
Assessed value
$191,500
Annual tax
$2,310
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$2,310
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$172k
Weighted, 20 comps · high confidence
Evidence
21 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.8 mi away · 873 SF
10.8 mi away · 931 SF
11.0 mi away · 860 SF
11.0 mi away · 840 SF
11.7 mi away · 874 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$325k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 63 sales
$330
+28%
County 255 sales
$317
+34%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $424/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 21 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$134k
Move the market yield to see immediate price impact.
Value / SF
$175
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$8k
$169k
$120k
$94k
$9k
$187k
$134k
$104k
$10k
$206k
$147k
$114k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
21 found
High confidence · county-verified
Closest comparable
$198k
6.6 mi · Feb 2026 · $200/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,310
Tax year 2022
Assessed value
$191,500
Assessed 2023
Previous assessed
$191,500
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$57,400
Assessed improvement
$134,100
Land market value
$57,400
Improvement market value
$134,100
Total market value
$191,500
Applied tax rate
38.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Heating
NONE
Stories
1
Units
1
Total area
766 SF
Lot
0.05 ac (2,060 SF)
Zoning code
CT
APN
13-02475941
UPID
US40-2256252
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CT · Silver Spring, MDZoning CT · permitted uses
CT · Silver Spring, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
NONE
Stories
1
Units
1
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CT
Jurisdiction
Silver Spring, MD
Recorded code
CT
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Your membership includes if available
- Property Insight Report
- Value Estimation
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- Zoning
Enterprise plan
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