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    Property profile & analytics
    OFF-MARKET Estimated value $5,045,000
    Office buildings

    12201 Old Columbia Pike, Silver Spring, MD 20904-1907

    14,723 SF 3.44 ac lot Built 2013
    Individually Owned 20-yr Hold Free & Clear
    Property ID
    US40-2282266
    Property summary
    AI-generated overview

    This exceptional 3.44-acre commercial land parcel is situated at 12201 Old Columbia Pike in Silver Spring, Montgomery County, Maryland, zip code 20904. Zoned CR, this property presents a unique development or user opportunity within the highly desirable Washington, DC metropolitan area. The site previously housed a 14,734 square foot flex office building, redeveloped in 2013 for automotive inspections and claims office use. The current owner will require a short-term, 12-month sale-leaseback agreement upon sale, with an option for early termination. Importantly, the seller will be solely responsible for all operating costs during this leaseback period. This infill location offers excellent access to major transportation arteries and a thriving business community. The property's size and zoning provide considerable flexibility for a variety of commercial development projects. This is a rare chance to acquire a substantial land holding in a strategically important area of the DC Metro region. The property's location offers easy access to major roadways and a robust infrastructure. The sale-leaseback arrangement provides a unique opportunity for immediate income generation while allowing for future development plans. This presents a compelling investment opportunity for developers and businesses seeking a strategic foothold in the dynamic Silver Spring market.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2013
    Total area 14,723 SF
    Lot 3.44 ac (150,000 SF)
    Zoning code CR0.7
    APN 05-00258836
    UPID US40-2282266
    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
    Current use
    Occupant on record · Public records
    • Progressive Insurance - Claims Office Financial Advisor Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.52M
    Blend (final) Blend
    $5.05M
    Owner & transaction history
    Casualty Insurance C Progressive · 20 yrs held
    Casualty Insurance C Progressive
    since 2006
    2 recorded transactions
    2006
    $7.8M
    2002
    $4.5M
    Zoning & alternative use
    CR0.7 · Silver Spring, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Industrial (general) $7.0M +44.2%
    Retail stores $6.5M +33.9%
    Commercial (general) $5.7M +17.4%
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