New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,180,000
Office buildings
12301 Old Columbia Pike, Silver Spring, MD 20904-1656
Entity Owned
22-yr Hold
Free & Clear
Property ID
US40-0080700
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
BRICK
Total area
35,561 SF
Lot
1.86 ac (81,218 SF)
Zoning code
CRT07
APN
05-02008781
UPID
US40-0080700
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
-
Jamila B Marcus-Potter Pediatrician Medical Clinic
-
Arthur Murray Dance Studio of Silver Spring Training Center
-
Miracle-Ear Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
-
Junghoon Samuel Kim Esquire Immigration & Naturalization Service
-
ABH Chiropractic, Andres Galego D.C., bilingual Spanish speaking Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.51M
Blend (final)
Blend
$7.18M
Owner & transaction history
Rff/old Columbia I LLC · 22 yrs held
Rff/old Columbia I LLC
since 2003
6 recorded transactions
Zoning & alternative use
CRT07 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Silver Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silver Spring submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,745,000
Current use
WAREHOUSE, STORAGE
$11,130,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,935,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$7.18M
Range $6.46M – $7.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$202 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$39,185
Tax year 2022
Assessed value
$3,095,567
Assessed 2023
Previous assessed
$3,062,500
+1.1% YoY
Effective rate
1.27%
On assessed value
Land market value
$1,461,900
Improvement market value
$1,699,800
Total market value
$3,161,700
Applied tax rate
42.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
BRICK
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
35,561 SF
Lot
1.86 ac (81,218 SF)
Zoning code
CRT07
APN
05-02008781
UPID
US40-0080700
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CRT07 · Silver Spring, MD
Zoning CRT07 · permitted uses
CRT07 · Silver Spring, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Silver Spring. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.7M
WAREHOUSE, STORAGE
Est. value
$11.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Rff/old Columbia I LLC
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 226, HAGERSTOWN, MD 21741-0226
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2018
—
Rff Of Old Columbia I LLC
—
Deed
related
$2,925,000 · Revere Bk
Aug 8, 2003
$4,300,000
Rff/old Columbia I LLC
Realty Center I LLC
Grant Deed
—
Sep 12, 2000
$2,874,550
Realty Center I LLC
Old Columbia Pike/29 LP
Grant Deed
—
—
—
Rff Of Old Columbia I LLC
—
Loan Modification
related
$2,925,000 · Revere Bk
—
—
Rff Of Old Columbia I LLC
—
Deed Of Trust
related
$150,000 · Revere Bk
—
—
Rff Of Old Columbia I LLC
—
Deed Of Trust
related
$2,925,000 · Revere Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12301 Old Columbia Pike?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
