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Property profile & analytics
OFF-MARKET Estimated value $1,025,000
Strip malls

12345 Georgia Ave Silver Spring, MD 20906-3600

40,083 SF 2.17 ac lot Built 1966
Entity Owned 6-yr Hold Free & Clear
Property ID
US40-1133294
Property summary
AI-generated overview

This exceptional commercial property, Glenmont Shopping Center, located at 12345 Georgia Ave, Silver Spring, MD 20906, presents a unique leasing opportunity. The property is classified as both retail and office space, catering to diverse business needs. Currently, there is 1,477 square feet of vacant space available for lease within a multi-tenant building. The exact total square footage of the building is not specified. This prime location in Silver Spring, Maryland offers excellent visibility and accessibility for businesses seeking a vibrant and convenient setting. The property's classification as "Creative Office" suggests a flexible and adaptable space, potentially suitable for businesses requiring unique layouts or design elements. The address is easily accessible, situated at 12345 Georgia Ave, providing convenient access for both employees and customers. Interested parties are encouraged to inquire about lease terms and conditions to explore the possibilities of establishing their business in this dynamic commercial center. The property's location at latitude 39.0609642 and longitude -77.0493404 provides precise geographical coordinates for easy location identification. This space is ideal for businesses seeking a versatile and well-situated location in the thriving Silver Spring market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1966
Construction BRICK
Total area 40,083 SF
Lot 2.17 ac (94,687 SF)
Zoning code CR3.0
APN 13-00961680
UPID US40-1133294
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
  • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
  • Don Pollo of Glenmont Restaurant
  • OK Barber Shop Barber Shop
  • Mehret Ethiopian Market Grocery & Convenience Store Food Market
  • Iglesia De Cristo Ministerios Elim Maryland. Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$1.03M
Owner & transaction history
Monte Verde LLC · 6 yrs held
Monte Verde LLC
since 2019
2 recorded transactions
2019
Price N/A
1969
Price N/A
Zoning & alternative use
CR3.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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