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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Retail space
8223 Georgia Ave Silver Spring, MD 20910-4520
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1072022
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1933
Construction
BRICK
Total area
1,720 SF
Lot
0.07 ac (3,000 SF)
Zoning code
CR3.0
APN
13-01039684
UPID
US40-1072022
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 Angry Jerk - Silver Spring Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.02M
Owner & transaction history
8223 Georgia Ave LLC · 5 yrs held
8223 Georgia Ave LLC
since 2020
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
CR3.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$795,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
RETAIL STORES
$760,000
Current use
OFFICE BUILDING
$795,000
Change: +4% · Conversion: Easy
COMMERCIAL (GENERAL)
$665,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.10M (Oct 22 2020)
Last sale anchor
$1.10M
Oct 22 2020
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
$590 / 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
$11,524
Tax year 2022
Assessed value
$964,133
Assessed 2023
Previous assessed
$980,833
-1.7% YoY
Effective rate
1.20%
On assessed value
Land market value
$225,200
Improvement market value
$760,300
Total market value
$985,500
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
Off-Market
Year built
1933
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
1,720 SF
Lot
0.07 ac (3,000 SF)
Zoning code
CR3.0
APN
13-01039684
UPID
US40-1072022
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR3.0 · Silver Spring, MDZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$760,000
OFFICE BUILDING
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$665,000
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
1933
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
8223 Georgia Ave LLC
Entity
Mailing address
13209 MOONLIGHT TRL DR, SILVER SPRING, MD 20906-6711
Ownership since
2020
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
Oct 22, 2020
$1,100,000
8223 Georgia Ave LLC
Carol Warden
Deed
$825,000 · Sandy Spring Bank
Mar 10, 2020
—
Joyce Y Burchuk
Joyce Y Burchuk
Quit Claim Deed
related
—
Aug 27, 2013
—
Joyce Y Burchuk
Burchuk Rhoda L Trust
Quit Claim Deed
related
—
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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