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Property profile & analytics
OFF-MARKET
Estimated value
$15,975,000
Apartment buildings
714 Sligo Ave, Silver Spring, MD 20910-4769
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1047236
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
55,338 SF
Lot
1.1 ac (47,725 SF)
Zoning code
R10
APN
13-00988041
UPID
US40-1047236
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
-
The Corona Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.06M
Comparable Approach
Comparable
$9.60M
Blend (final)
Blend
$15.98M
Owner & transaction history
Sligo Housing Partnership LLC · 1 yrs held
Sligo Housing Partnership LLC
since 2025
Last sale
$15.5M
2 recorded transactions
Zoning & alternative use
R10 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$26.4M
+55.0%
Office building
$25.5M
+50.0%
Retail stores
$24.5M
+43.9%
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%
$15,230,000
6.5%
$14,055,000
7%
$13,055,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,015,000
Current use
INDUSTRIAL (GENERAL)
$26,370,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$25,525,000
Change: +50% · Conversion: Moderate
RETAIL STORES
$24,480,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,455,000
Change: +26% · Conversion: Moderate
WAREHOUSE, STORAGE
$17,320,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$15.98M
Range $14.38M – $17.57M · ±10% · vs last sale $15.50M (Mar 19 2025)
Last sale anchor
$15.50M
Mar 19 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
$289 / 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
$54,784
Tax year 2022
Assessed value
$4,749,933
Assessed 2023
Previous assessed
$4,749,267
+0.0% YoY
Effective rate
1.15%
On assessed value
Land market value
$2,535,600
Improvement market value
$2,215,000
Total market value
$4,750,600
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
1960
Heating
NONE
Stories
4
Units
43
Total area
55,338 SF
Lot
1.1 ac (47,725 SF)
Zoning code
R10
APN
13-00988041
UPID
US40-1047236
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R10 · Silver Spring, MD
Zoning 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
Silver Spring. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$17.0M
INDUSTRIAL (GENERAL)
Est. value
$26.4M
OFFICE BUILDING
Est. value
$25.5M
RETAIL STORES
Est. value
$24.5M
COMMERCIAL (GENERAL)
Est. value
$21.5M
WAREHOUSE, STORAGE
Est. value
$17.3M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1960
Heating
NONE
Stories
4
Units
43
Lot
1.1 ac
Current owner
From public records · entity-resolved
Sligo Housing Partnership LLC
Entity
Mailing address
801 WAYNE AVE STE #300, SILVER SPRING, MD 20910-4450
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
$15,500,000
Sligo Housing Partnership LLC
Sligo Avenue LLC
Special Warranty Deed
$11,500,000 · Montgomery County
Jul 26, 1999
$1,663,300
Sligo Avenue LLC
Hillerson,robert P
Grant Deed
$3,300,000 · Green Park Financial LP
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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