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Property profile & analytics
OFF-MARKET
Estimated value
$9,835,000
Retail space
13820 Old Columbia Pike Silver Spring, MD 20904-4554
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1182537
Property summary
AI-generated overview
Briggs Chaney Center offers two exceptional retail spaces for lease in the vibrant Silver Spring, Maryland market. Located at 13820 Old Columbia Pike, zip code 20904, this property boasts a highly visible location at a signalized intersection, ensuring maximum exposure for your business. The spaces range in size from 2,000 to 2,720 square feet, providing flexibility for various retail concepts. This multi-tenant center enjoys excellent accessibility, with convenient access to both the Intercounty Connector and Columbia Pike, ensuring high traffic flow and customer convenience. The center is already home to a diverse range of established businesses, including 7-Eleven, MetroPCS, Tropicana, and Farmer's Insurance, creating a strong and synergistic retail environment. The property's prominent location offers excellent signage opportunities, further enhancing visibility and attracting potential customers. This is an exceptional opportunity to establish or expand your retail presence in a thriving Montgomery County location. The spaces are available for immediate occupancy, offering a quick path to market entry. Contact us today to learn more about this exciting opportunity.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
BRICK
Total area
42,186 SF
Lot
2.64 ac (114,876 SF)
Zoning code
NR0.7
APN
05-02571917
UPID
US40-1182537
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
-
Hip Hop Fish & Chicken Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.22M
Blend (final)
Blend
$9.84M
Owner & transaction history
G & G Briggs Chaney Associates LLP · 8 yrs held
G & G Briggs Chaney Associates LLP
since 2017
2 recorded transactions
Zoning & alternative use
NR0.7 · 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
COMMERCIAL (GENERAL)
$16,355,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$9.84M
Range $8.85M – $10.82M · ±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
$233 / 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
$97,012
Tax year 2022
Assessed value
$8,318,467
Assessed 2023
Previous assessed
$7,500,000
+10.9% YoY
Effective rate
1.17%
On assessed value
Land market value
$3,859,800
Improvement market value
$6,095,600
Total market value
$9,955,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
42,186 SF
Lot
2.64 ac (114,876 SF)
Zoning code
NR0.7
APN
05-02571917
UPID
US40-1182537
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
NR0.7 · Silver Spring, MDZoning NR0.7 · permitted uses
NR0.7 · Silver Spring, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$16.4M
COMMERCIAL (GENERAL)
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
1
Buildings
2
Units
2
Lot
2.64 ac
Current owner
From public records · entity-resolved
G & G Briggs Chaney Associates LLP
Entity
Mailing address
8720 GEORGIA AVE STE #502, SILVER SPRING, MD 20910-3612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2017
—
G & G Briggs Chaney Associates LLP
—
Deed
related
—
—
—
G LLP
—
Deed Of Trust
related
$7,000,000 · Nationwide Life Insurance Co
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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