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Property profile & analytics
FOR LEASE
Office buildings
12520 Prosperity Dr, Silver Spring, MD 20904
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0160475
For Lease
1 / 2
$14,750,000
12520 Prosperity Dr, Silver Spring, MD 20904
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
BRICK
Total area
73,065 SF
Lot
3 ac (130,886 SF)
Zoning code
CR0.7
APN
05-02543750
UPID
US40-0160475
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
-
Greycom, Incorporated Electrical Service General Contractor
-
Denise Katz, LCSW-C Counselor
-
HealthMarkets Insurance Agency Insurance Agency
-
Sharee Awwal - Main Street Home Loans Loan Service Bank
-
HealthMarkets Insurance - Jonathan Saltzman Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.44M
Blend (final)
Blend
$14.75M
Owner & transaction history
Ip Dsc Moco Office LLC · 1 yrs held
Ip Dsc Moco Office LLC
since 2024
5 recorded transactions
Zoning & alternative use
CR0.7 · 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
$24,135,000
Current use
WAREHOUSE, STORAGE
$22,870,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$22,465,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$14.75M
Range $13.28M – $16.23M · ±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
$60,130
Tax year 2022
Assessed value
$6,309,800
Assessed 2023
Previous assessed
$4,600,000
+37.2% YoY
Effective rate
0.95%
On assessed value
Land market value
$2,355,900
Improvement market value
$7,373,500
Total market value
$9,729,400
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
For Lease
Year built
1987
Construction
BRICK
Heating
YES
Cooling
YES
Stories
4
Units
1
Total area
73,065 SF
Lot
3 ac (130,886 SF)
Zoning code
CR0.7
APN
05-02543750
UPID
US40-0160475
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR0.7 · Silver Spring, MD
Zoning CR0.7 · permitted uses
CR0.7 · 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
$24.1M
WAREHOUSE, STORAGE
Est. value
$22.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.5M
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
1987
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
4
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
Ip Dsc Moco Office LLC
Entity
Mailing address
1250 I ST NW STE #501, WASHINGTON, DC 20005-5979
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
Ip Dsc Moco Office LLC
Ip Dsc Moco Meadows LLC
Special Warranty Deed
$26,000,000 · Morgan Stanley Bank NA
Oct 15, 2019
$15,900,000
Ip Dsc Moco Meadows LLC
Psb Meadows LLC
Special Warranty Deed
$137,950,000 · Citizens Bank NA
Jul 21, 2006
$28,900,000
Psb Meadows LLC
RT 29 Investors LLC
Grant Deed
—
Oct 17, 2001
$21,902,220
RT 29 Investors Lc
Meadows I LLC
Grant Deed
$17,650,000 · Ubs Warburg Real Estate Inv
Jun 9, 1998
$7,450,000
LP Meadows III
Meadows Corp Park LP
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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