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    12200 Veirs Ml Rd Silver Spring, MD 20906-4505
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    12200 Veirs Ml Rd Silver Spring, MD 20906-4505

    View on Map
    • Strip malls
    • 45,970 SF
    • 2.05 lot acres
    Off-Market
    Property ID
    US40-1384612
    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.
    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Baskin-Robbins / Grocery & Convenience Store / Specialty Food Shop
    • Dunkin' / Cafe & Coffee Shop

    Property Details for 12200 Veirs Ml Rd

    Year built
    1955
    Construction
    BRICK
    Lot size
    2.05 lot acres
    Property size
    45,970 SF
    Zone code
    CRT07
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    13-01166641
    APU
    1301166641

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,258,000
      Market price range: $1.03M - $3.15M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,795,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0838
    Latitude
    39.0563
    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
    $100,069
    $0.00
    $0.00
    $8,493,500
    -
    $4,744,400
    $4,974,900
    $9,719,300

    Comparable in this City

    • Value Estimation
      $1,380,000
      33,960 SF

      14400 Layhill Rd

      SHOPPING CENTER, STRIP CENTER • 33,960 SF
      14400 Layhill Rd, Silver Spring, MD 20906-1911
      View Details
    • Value Estimation
      $1,380,000
      27,497 SF

      12331 Georgia Ave

      SHOPPING CENTER, STRIP CENTER • 27,497 SF
      12331 Georgia Ave, Silver Spring, MD 20906-3646
      View Details
    • Value Estimation
      $1,560,000
      40,188 SF

      13621 Georgia Ave

      SHOPPING CENTER, STRIP CENTER • 40,188 SF
      13621 Georgia Ave, Silver Spring, MD 20906-5214
      View Details
    • Value Estimation by Request
      9,600 SF

      2115 Bel Pre Rd

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      2115 Bel Pre Rd, Silver Spring, MD 20906-2202
      View Details
    • Value Estimation
      $1,775,000
      27,835 SF

      13625 Georgia Ave

      SHOPPING CENTER, STRIP CENTER • 27,835 SF
      13625 Georgia Ave, Silver Spring, MD 20906-5242
      View Details
    • Value Estimation
      $1,025,000
      40,083 SF

      12345 Georgia Ave

      SHOPPING CENTER, STRIP CENTER • 40,083 SF
      12345 Georgia Ave, Silver Spring, MD 20906-3600
      View Details

    Similar Nearby for Sale

    • $1,700,000

      Prime Commercial Land Opportunity

      Land with high traffic, development potential, and favorable zoning.
      12130Est Veirs Mill Rd, Silver Spring, MD 20906
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      Two Adjoining Office Condos

      Two professional office condos in Heritage Park Business Center.
      12118 Heritage Park Cir, Silver Spring, MD 20906
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    • $970,000
      0.59 Acres

      Land in Silver Spring, MD

      Half-acre lot in Silver Spring's Norbeck Meadows community.
      2806 Norbeck Rd, Silver Spring, MD 20906
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    • $92,900

      Move-in Ready Co-op in Leisure World

      Gated 55+ community with amenities and convenient location.
      3378 Chiswick Ct, Silver Spring, MD 20906
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    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail Space in Community Center

      Retail space available in a community shopping center.
      3802 International Dr, Silver Spring, MD 20906
      View Details
    • Contact for pricing
      1,495 SF

      Retail Space with High Visibility

      Retail property with excellent parking and high traffic volume.
      14400 Layhill Rd, Silver Spring, MD 20906
      View Details
    • Contact for pricing
      1,826 SF

      Redeveloped Shopping Center Retail Space

      Retail space available in a recently redeveloped shopping center.
      2251-2285 Bel Pre Rd, Silver Spring, MD 20906
      View Details
    • Contact for pricing

      Aspen Hill Retail Spaces Available

      Retail spaces for lease in established Aspen Hill shopping center.
      13501-13781 Connecticut Ave, Silver Spring, MD 20906
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Silver Spring, MD.
      12345 Georgia Ave, Silver Spring, MD 20906
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Silver Spring, Maryland.
      12222 Veirs Mill Rd, Silver Spring, MD 20906
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      2.0k
    • Avg Time on site
      29 min
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    Silver Spring, MD 20906-4505
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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