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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Warehouses
2328 Montgomery St, Silver Spring, MD 20910-1241
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0682532
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
BRICK
Total area
2,920 SF
Lot
0.08 ac (3,519 SF)
Zoning code
IM2.5
APN
13-01400371
UPID
US40-0682532
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
-
TopLine Roofing Roofing Company General Contractor
-
Urbana Design Studio Hardware & Home Improvement Interior Design
-
Labran Construction LLC General Contractor
-
Corporate Care Production Facility Metal Fabrication Plant
-
bitencourt development llc Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$675k
Owner & transaction history
Guillermo Alvarez Santos · 2 yrs held
Guillermo Alvarez Santos
since 2024
Last sale
$675,000
3 recorded transactions
Zoning & alternative use
IM2.5 · 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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$915,000
Current use
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (May 9 2024)
Last sale anchor
$675k
May 9 2024
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
$231 / 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
$5,391
Tax year 2022
Assessed value
$438,167
Assessed 2023
Previous assessed
$438,133
+0.0% YoY
Effective rate
1.23%
On assessed value
Land market value
$118,900
Improvement market value
$319,300
Total market value
$438,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
SPACE
Stories
2
Units
1
Total area
2,920 SF
Lot
0.08 ac (3,519 SF)
Zoning code
IM2.5
APN
13-01400371
UPID
US40-0682532
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IM2.5 · Silver Spring, MD
Zoning IM2.5 · permitted uses
IM2.5 · 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
WAREHOUSE, STORAGE Current
Est. value
$915,000
WAREHOUSE, STORAGE Current
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
1970
Construction
BRICK
Heating
SPACE
Stories
2
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Guillermo Alvarez Santos
Individual
Mailing address
11044 CROSS LAUREL DR, GERMANTOWN, MD 20876-6301
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
$675,000
Guillermo Alvarez Santos
Great Spaces LLC
Special Warranty Deed
$472,500 · Velocity Commercial Capital LLC
Mar 3, 2011
$410,000
Great Spaces LLC
2328 Montgomery Street LLC
Grant Deed
—
Jan 6, 1998
$232,000
2328 Montgomery Strret LLC
William,p Pringl
Grant Deed
$117,000 · First National Bank Maryland
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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