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Property profile & analytics
OFF-MARKET
Estimated value
$20,650,000
Apartment buildings
541 Thayer Ave Silver Spring, MD 20910-5339
Entity Owned
3-yr Hold
Property ID
US40-0949904
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
86,328 SF
Lot
2.08 ac (90,604 SF)
Zoning code
R10
APN
13-01043766
UPID
US40-0949904
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
$21.93M
Comparable Approach
Comparable
$18.00M
Blend (final)
Blend
$20.65M
Owner & transaction history
Ecd Parkside LLC · 3 yrs held
Ecd Parkside LLC
since 2023
Last sale
$20.0M
6 recorded transactions
Zoning & alternative use
R10 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$33.5M
+26.1%
Warehouse, storage
$27.0M
+1.8%
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
$23,310,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,755,000
6.5%
$21,930,000
7%
$20,365,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$26,545,000
Current use
COMMERCIAL (GENERAL)
$33,470,000
Change: +26% · Conversion: Moderate
WAREHOUSE, STORAGE
$27,020,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$20.65M
Range $18.59M – $22.72M · ±10% · vs last sale $20.00M (Jan 3 2023)
Last sale anchor
$20.00M
Jan 3 2023
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
$239 / 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
$123,468
Tax year 2022
Assessed value
$10,866,967
Assessed 2023
Previous assessed
$10,866,967
+0.0% YoY
Effective rate
1.14%
On assessed value
Land market value
$4,081,600
Improvement market value
$6,930,400
Total market value
$11,012,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Heating
NONE
Stories
4
Units
87
Total area
86,328 SF
Lot
2.08 ac (90,604 SF)
Zoning code
R10
APN
13-01043766
UPID
US40-0949904
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R10 · Silver Spring, MDZoning R10 · permitted uses
R10 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$26.5M
COMMERCIAL (GENERAL)
Est. value
$33.5M
WAREHOUSE, STORAGE
Est. value
$27.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1962
Heating
NONE
Stories
4
Units
87
Lot
2.08 ac
Current owner
From public records · entity-resolved
Ecd Parkside LLC
Entity
Mailing address
875 HOLLINS ST STE #202, BALTIMORE, MD 21201-1252
Ownership since
2023
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
Jan 3, 2023
$20,000,000
Ecd Parkside LLC
Parkside Terrace Apartments LP
Special Warranty Deed
$15,000,000 · The Housing Partnership Fund INC
Jan 3, 2023
—
Ecd Parkside LLC
—
Deed
related
$15,000,000 · Montgomery County
Mar 12, 2020
—
Parkside Terrace Apartments LP
—
Deed
related
$1,550,000 · Chain Bridge Bk NA
Dec 13, 1999
—
Parkside Terrace Apartments LP
Minkoff,barry & Russell
Grant Deed
related
—
—
—
Parkside Terrace Apartments LP
—
Deed Of Trust
related
$1,550,000 · Chain Bridge Bk NA
—
—
Parkside Terrace Apartments LP
—
Deed Of Trust
related
$2,500,000 · Ge Capital Assurance 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.
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