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Property profile & analytics
FOR SALE
Retail space
8211 Georgia Ave, Silver Spring, MD 20910
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-2336969
For Sale
1 / 9
$1,600,000
8211 Georgia Ave, Silver Spring, MD 20910
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1927
Construction
BRICK
Total area
3,125 SF
Lot
0.08 ac (3,600 SF)
Zoning code
CR3.0
APN
13-01047913
UPID
US40-2336969
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
-
Palisades Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.60M
Owner & transaction history
Sheger Real Estate LLC · 1 yrs held
Sheger Real Estate LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
CR3.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+4.3%
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
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
$1,195,000
6.5%
$1,105,000
7%
$1,025,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,380,000
Current use
OFFICE BUILDING
$1,440,000
Change: +4% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,210,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Sep 18 2024)
Last sale anchor
$1.60M
Sep 18 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
$512 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,178
Tax year 2024
Assessed value
$1,042,800
Assessed 2024
Previous assessed
$1,042,800
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$270,200
Assessed improvement
$772,600
Land market value
$270,200
Improvement market value
$772,600
Total market value
$1,042,800
Applied tax rate
48.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1927
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
3,125 SF
Lot
0.08 ac (3,600 SF)
Zoning code
CR3.0
APN
13-01047913
UPID
US40-2336969
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR3.0 · Silver Spring, MD
Zoning CR3.0 · permitted uses
CR3.0 · 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
RETAIL STORES Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1927
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Sheger Real Estate LLC
Entity
Mailing address
900 SILVER SPG AVE STE #300, SILVER SPRING, MD 20910-4618
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$1,600,000
Sheger Real Estate LLC
8211 Georgia Avenue LLC
Deed
$1,533,800 · Citizens Bank
Dec 5, 2016
—
8211 Georgia Avenue LLC
Michael LLC
Grant Deed
—
Nov 29, 2012
$1,025,000
Brian R Smith
Palmer,james D
Grant Deed
$512,500 · Eagle Bank
Jun 19, 2007
$220,000
James D Palmer
Palmer,mary G
Grant Deed
related
—
Nov 4, 1998
—
Palmer Brothers Painting Contr
—
Deed Of Trust
related
$1,360,000 · Eaglebank
—
—
Brian R Smith
—
Deed Of Trust
related
$830,000 · Eagle Bank
—
—
James D Palmer
—
Deed Of Trust
related
$372,000 · Branch Banking & Trust 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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