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Property profile & analytics
OFF-MARKET
Estimated value
$10,300,000
Office buildings
12520 Prosperity Dr, Silver Spring, MD 20904-1664
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0920960
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
BRICK
Total area
51,024 SF
Lot
3.02 ac (131,700 SF)
Zoning code
CR0.7
APN
05-02310003
UPID
US40-0920960
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
-
The Pediatric Development Center Medical Clinic
-
Dr. Johnson W. Adolph Jr, MD Pediatrician Physician
-
Apex Settlement Services LLC Title Company
-
Dr. Camps Pediatric Dental Center Dental Office
-
Dr. Jena M. Fields, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.78M
Blend (final)
Blend
$10.30M
Owner & transaction history
Ip Dsc Moco Office LLC · 1 yrs held
Ip Dsc Moco Office LLC
since 2024
6 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
$16,855,000
Current use
WAREHOUSE, STORAGE
$15,970,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,690,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$10.30M
Range $9.27M – $11.33M · ±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
$82,586
Tax year 2022
Assessed value
$6,831,767
Assessed 2023
Previous assessed
$6,795,900
+0.5% YoY
Effective rate
1.21%
On assessed value
Land market value
$2,370,600
Improvement market value
$4,532,900
Total market value
$6,903,500
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
1985
Construction
BRICK
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
51,024 SF
Lot
3.02 ac (131,700 SF)
Zoning code
CR0.7
APN
05-02310003
UPID
US40-0920960
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
$16.9M
WAREHOUSE, STORAGE
Est. value
$16.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.7M
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
1985
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
Ip Dsc Moco Office LLC
Entity
Mailing address
1250 I ST NW STE #1250, WASHINGTON, DC 20005-5910
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
6 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
$4,750,000
Meadows I LLC
Meadows Corp Park LP
Trustees Deed
related
$4,300,000 · Wells Fargo Bank
Jun 9, 1998
$4,350,000
Meadows II LLC
Meadows Corp Park LP
Trustees 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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