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Property profile & analytics
OFF-MARKET
Estimated value
$7,105,000
Hospitals
2015 Ew Hwy Silver Spring, MD 20910-2602
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0250095
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1964
Construction
BRICK
Total area
29,142 SF
Lot
1.68 ac (73,049 SF)
Zoning code
R60
APN
13-01148642
UPID
US40-0250095
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.11M
Owner & transaction history
Silver Spring Md Propco LLC · 6 yrs held
Silver Spring Md Propco LLC
since 2020
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
R60 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.8M
+460.7%
Industrial (general)
$7.1M
+269.1%
Retail stores
$6.0M
+207.7%
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%
$7,640,000
6.5%
$7,050,000
7%
$6,545,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,845,000
Change: +461% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,140,000
Change: +269% · Conversion: Difficult
RETAIL STORES
$5,950,000
Change: +208% · Conversion: Difficult
RESTAURANT
$5,560,000
Change: +187% · Conversion: Difficult
Blend value · Realmo final
$7.11M
Range $6.39M – $7.82M · ±10% · vs last sale $7.13M (Mar 16 2020)
Last sale anchor
$7.13M
Mar 16 2020
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
$244 / 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
$67,485
Tax year 2022
Assessed value
$5,787,867
Assessed 2023
Previous assessed
$5,705,633
+1.4% YoY
Effective rate
1.17%
On assessed value
Land market value
$3,881,000
Improvement market value
$1,989,100
Total market value
$5,870,100
Applied tax rate
38.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1964
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
29,142 SF
Lot
1.68 ac (73,049 SF)
Zoning code
R60
APN
13-01148642
UPID
US40-0250095
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R60 · Silver Spring, MD
Zoning R60 · permitted uses
R60 · 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
COMMERCIAL (GENERAL)
Est. value
$10.8M
INDUSTRIAL (GENERAL)
Est. value
$7.1M
RETAIL STORES
Est. value
$6.0M
RESTAURANT
Est. value
$5.6M
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
1964
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Silver Spring Md Propco LLC
Entity
Mailing address
6202 PIMLICO RD, BALTIMORE, MD 21209-3321
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2023
—
Silver Spring Md Propco LLC
—
Deed
related
$161,200,000 · Capital Funding
Mar 16, 2020
$7,133,261
Silver Spring Md Propco LLC
2015 East West Highway Property LLC
Special Warranty Deed
$30,585,176 · Capital Funding
Dec 11, 2018
—
2015 E W Highway Prop LLC
—
Deed
related
$62,000,000 · Midcap Fin'l Tr
Apr 30, 2018
—
2015 East West Highway Property LLC
—
Deed
related
$230,000 · Midcap Financial Trust
Feb 1, 2016
$6,386,530
2015 East West Highway Propert
Cpl Fox Chase LLC
Grant Deed
$171,090,000 · Private Individual
—
—
2015 E W Highway Prop LLC
—
Loan Modification
related
$62,000,000 · Midcap Fin'l Tr
—
—
Cpl LLC
—
Deed Of Trust
related
$3,000,000 · Capmark Financial INC
—
—
Cpl LLC
—
Deed Of Trust
related
$2,738,000 · Capital One
—
—
Cpl Fox Chase LLC
—
Deed Of Trust
related
$4,000,000 · Gmac Mortgage Corp
—
—
Cpl LLC
—
Deed Of Trust
related
$3,000,000 · Capmark Financial INC
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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