Individually Owned 
For Sale
1 / 5
Property summary
This exceptional mixed-use property, located at 7961 Eastern Ave NW in Silver Spring, MD 20910, presents a compelling redevelopment opportunity. The 16,560 square foot, three-story building, constructed in 1956, sits on a 6,000 square foot lot and is currently vacant. Priced at $3,225,000 ($194.75/sq ft), it offers significant potential. The property boasts a B-class designation and is situated within a designated Opportunity Zone. Its current zoning (CR-3, C-3, R-3, H-125) allows for a… wide range of uses, including residential, commercial, and institutional. The land value alone is $68/SF. Recent zoning amendments and the 2022 Amended Comprehensive Plan for Silver Spring Downtown significantly increase development potential, allowing for a 4 FAR or 24,000 square foot building. The property benefits from its proximity to public transportation, including Metro rail and bus lines, and is enhanced by approved transit and roadway improvements. These improvements focus on enhanced connectivity, storm water management, and pedestrian-friendly design. Furthermore, recent Montgomery County legislation allows for increased density in this split-zoned location. The property's proximity to the Kennett Street Garage and Parking Lot further expands redevelopment possibilities. This fee-simple sale presents a unique chance to capitalize on the vibrant Silver Spring market and its strategic location bordering Washington, DC. The property is being sold vacant.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 14 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 16,560 SF
- Lot area
- 0.14 ac
- Year built
- 1956
- Stories
- 3
- APN
- 13-01040400
- Zoning
- CR3.0
- Assessed value · 2023
- $2,600,000
- Annual tax · 2022
- $35,672
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2022
- $35,672
- Selected cap rate
- Office Building · current use
- Retail Stores
- Commercial (general)
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
The PDF can’t be displayed here
Use Download PDF or Open in new tab above to view the sample report.
