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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Individual retail properties
14501 Homecrest Rd, Silver Spring, MD 20906-1823
Entity Owned
~
Est. High Equity
Property ID
US40-0887611
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1979
Construction
WOOD
Total area
18,149 SF
Lot
15.96 ac (695,217 SF)
Zoning code
RE2
APN
13-00975174
UPID
US40-0887611
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
-
Four Seasons Dancers Association / Organization
-
Aspen Hill Pro Shop Tennis Store Sporting Goods Store
-
The Aspen Hill Club Sports School Sports Field & Court
-
Club Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
Aspen Hill Re LLC
Aspen Hill Re LLC
since 2025
Last sale
$4.0M
3 recorded transactions
Zoning & alternative use
RE2 · 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
$6,530,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,230,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,945,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,445,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,915,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,460,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,540,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Dec 22 2025)
Last sale anchor
$4.00M
Dec 22 2025
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
$220 / 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
$72,598
Tax year 2022
Assessed value
$3,800,000
Assessed 2023
Previous assessed
$5,094,667
-25.4% YoY
Effective rate
1.91%
On assessed value
Assessed land
$2,940,700
Assessed improvement
$859,300
Land market value
$2,940,700
Improvement market value
$859,300
Total market value
$3,800,000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Units
1
Total area
18,149 SF
Lot
15.96 ac (695,217 SF)
Zoning code
RE2
APN
13-00975174
UPID
US40-0887611
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
RE2 · Silver Spring, MD
Zoning RE2 · permitted uses
RE2 · 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
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
Est. value
$3.9M
RESTAURANT
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
1979
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
15.96 ac
Current owner
From public records · entity-resolved
Aspen Hill Re LLC
Entity
Mailing address
14501 HOMECREST RD, SILVER SPRING, MD 20906-1823
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
$4,000,000
Aspen Hill Re LLC
Aspen Hill Racquet Club LP
Special Warranty Deed
$3,000,000 · Jarmms Capital LLC
May 31, 2019
—
Aspen Hill Racquet Club LP
—
Deed
related
$3,500,000 · Sandy Spring Bank
—
—
Aspen Hill Racquet Club LP
—
Deed Of Trust
related
$3,000,000 · Citibank Fsb
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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