Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8241 Georgia Ave Silver Spring, MD 20910
    Back to Search
    Property profile & analytics

    8241 Georgia Ave Silver Spring, MD 20910

    View on Map
    • Office buildings
    • 13,800 SF
    • 0.22 lot acres
    For Sale
    $5,000,000
    View Listing →
    Fully Leased Retail Building For Sale For Sale
    $5,000,000

    Fully Leased Retail Building For Sale

    19,495 SF retail building on Georgia and Thayer Avenue.

    8241 Georgia Ave, Silver Spring, MD 20910
    View Listing
    Property ID
    US40-1273841
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MOREN / (Bike/Boat/Book/etc) Store
    • Washington DC Metropolitan Physical Therapy & Fitness Center / Medical Clinic
    • Alternative Primary Care Inc: Williams Shelly MD / Alternative Medicine Practice
    • Alternative Primary Care / Medical Clinic
    • The Universal Church / Church

    Property Details for 8241 Georgia Ave

    Year built
    1987
    Construction
    BRICK
    Lot size
    0.22 lot acres
    Property size
    13,800 SF
    Zone code
    CR5.0
    Property type
    Office buildings
    APN
    13-01042875
    APU
    1301042875

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,973,000
      Market price range: $3.69M - $9.89M
      AI Estimate
      $6,521,000
      Market price range: $3.16M - $13.8M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,365,000
      Current use
      INDUSTRIAL (GENERAL)
      $6,575,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $6,105,000
      Change: -4% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,350,000
      Change: -16% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0262
    Latitude
    38.9928
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $36,912
    $1,434,000
    $1,393,400
    $2,827,400
    -
    $1,434,000
    $1,393,400
    $2,827,400

    Comparable in this City

    • Value Estimation
      $4,425,000
      19,040 SF

      817 Silver Spg Ave

      OFFICE BUILDING • 19,040 SF
      817 Silver Spg Ave, Silver Spring, MD 20910-4673
      View Details
    • Value Estimation
      $8,925,000
      28,094 SF

      820 Silver Spg Ave

      OFFICE BUILDING • 28,094 SF
      820 Silver Spg Ave, Silver Spring, MD 20910-4615
      View Details
    • Value Estimation
      $27,210,000
      95,504 SF

      8701 Georgia Ave

      OFFICE BUILDING • 95,504 SF
      8701 Georgia Ave, Silver Spring, MD 20910-3713
      View Details
    • Value Estimation by Request
      252,428 SF

      8757 Georgia Ave, Unit OU-1

      OFFICE BUILDING • 252,428 SF
      8757 Georgia Ave, Silver Spring, MD 20910-3737
      View Details
    • Value Estimation
      $6,090,000
      8,755 SF

      880 Bonifant St

      OFFICE BUILDING • 8,755 SF
      880 Bonifant St, Silver Spring, MD 20910-4554
      View Details
    • Value Estimation
      $16,745,000
      36,918 SF

      8715 Colesville Rd

      OFFICE BUILDING • 36,918 SF
      8715 Colesville Rd, Silver Spring, MD 20910-3903
      View Details

    Similar Nearby for Sale

    • $3,800,000

      Class A Office Building

      18,753 SF Class A office building for sale.
      912 Thayer Ave, Silver Spring, MD 20910
      View Details
    • Contact for pricing

      Downtown Silver Spring Office Building

      Office space above Whole Foods in downtown Silver Spring.
      Silver, Silver Spring, MD 20910
      View Details
    • $1,999,999

      Silver Spring Mixed-Use Redevelopment Opportunity

      Value-add mixed-use redevelopment in Silver Spring Opportunity Zone.
      7961 Eastern Ave, Silver Spring, MD 20910
      View Details
    • New
      $302,170

      SILVER SPRING Commercial Opportunity

      Commercial space for sale in SILVER SPRING, MD 20910
      8607 2Nd Ave, Silver Spring, MD 20910
      View Details
    • $3,000,000

      Mixed-Use Building in Silver Spring

      Two-level mixed-use building with retail and office spaces for sale.
      8215 Fenton St, Silver Spring, MD 20910
      View Details
    • New
      $595,000
      1,936 SF

      Silver Spring Office Condo Opportunity

      Updated office condo in downtown Silver Spring with parking.
      8607 2Nd Ave, Silver Spring, MD 20910
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      227,403 SF

      Silver Spring Office Space

      Office building in Silver Spring, Maryland available for rent.
      8501-8517 Georgia Ave, Silver Spring, MD 20910
      View Details
    • Contact for pricing
      1,318 SF

      Silver Spring Office and Medical Space

      Office and medical space for lease in Silver Spring, MD.
      8630 Fenton St, Silver Spring, MD 20910
      View Details
    • $84,565

      Professional Office Suite For Rent

      Functional office suite in downtown Silver Spring with flexible layout.
      1110 Bonifant St, Silver Spring, MD 20910
      View Details
    • $4,808 /Mo

      SILVER SPRING Commercial Lease Opportunity

      Commercial space available for lease in SILVER SPRING, MD.
      8555 16Th St, Silver Spring, MD 20910
      View Details
    • Contact for pricing
      2,219 SF

      Silver Spring Office Space Available

      988 square feet of office space for rent.
      8121 Georgia Ave, Silver Spring, MD 20910
      View Details

    Property Visit Statistics

    • Visits by month
      15.5k
    • Visitors by month
      10.3k
    • Avg Time on site
      14 min
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8241 Georgia Ave
    Silver Spring, MD 20910
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8241 Georgia Ave, Silver Spring, MD, 20910
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!