Property profile

12201 Old Columbia Pike Silver Spring, MD 20904

FOR SALE
Office buildings
Property ID
US40-2282266
14,723 SF 3.44 ac lot Built 2013
Individually Owned 20-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Financial Advisor Insurance Agency

Location

12201 Old Columbia Pike Silver Spring, MD 20904
Silver Spring metro Census 701425 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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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

since 2006
2 recorded transactions
2006
$7.8M
2002
$4.5M

Zoning & alternative use

CR0.7 · Silver Spring, MD
Top alternative use upside
Industrial (general) $7.0M +44.2%
Retail stores $6.5M +33.9%
Commercial (general) $5.7M +17.4%

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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