Technical
Financial
Distress signals
Property profile

12331 Georgia Ave Silver Spring, MD 20906

OFF-MARKET
Strip malls
Property ID
US40-0725901
27,497 SF 2.78 ac lot Built 1986
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This 1,444 square foot medical office space is available for sublease in the Glenmont Shopping Center, situated at the intersection of Georgia Avenue and Randolph Road in Montgomery County. The property, built in 1990, sits on 2.63 acres and offers a single-tenant occupancy. The space is ideally suited for medical practices and includes four treatment rooms, a dedicated customer waiting area, a convenient breakroom, and a private restroom. Its prime location offers excellent accessibility, being a mere two-minute walk from major bus routes, five miles from the Capital Beltway (495), and two miles from the Intercounty Connector, ensuring convenient commutes for both staff and patients. The property's classification as both retail and office space provides flexibility for a variety of uses within the medical field. This sublease opportunity presents a well-equipped and conveniently located space for a growing medical practice seeking a readily available and established location in a bustling shopping center. The property's location within the Glenmont Shopping Center provides ample parking and visibility, enhancing the overall appeal and accessibility for patients. This is a fantastic opportunity to establish or expand a medical practice in a high-traffic area with excellent transportation links.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction BRICK
Total area 27,497 SF
Lot 2.78 ac (121,096 SF)
Zoning code CR3.0
APN 13-02543500
UPID US40-0725901

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
  • Government Office Immigration & Naturalization Service
  • Physician
  • Nail Salon
  • (Bike/Boat/Book/etc) Store
  • Shopping Center & Mall

Location

12331 Georgia Ave Silver Spring, MD 20906-3646
Silver Spring metro Census 703222 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
$1.38M
Blend (final) Blend
$1.38M

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
1969
Price N/A

Zoning & alternative use

CR3.0 · Silver Spring, MD

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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