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    Property profile & analytics

    833 Wayne Ave Silver Spring, MD 20910-4427

    • Retail space
    • 81,230 SF
    • 4.93 lot acres
    OFF-MARKET
    Value Estimations
    $26,980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0796186
    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.

    Current Use by Public Records

    • Whole Foods Market / Grocery & Convenience Store / Food Market
    • Chiropractic / Grocery & Convenience Store / Food Market
    • Genji Sushi / Restaurant
    • 833 Wayne Ave Parking / Parking Lot & Garage
    • PLNT Burger / Restaurant

    Property Details for 833 Wayne Ave

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    4.93 lot acres
    Property size
    81,230 SF
    Zone code
    CR3.0
    Property type
    Retail space
    APN
    13-03256207
    APU
    1303256207

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $36,916,000
      Market price range: $19.0M - $54.2M
      AI Estimate
      $17,041,000
      Market price range: $7.21M - $27.8M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $35,935,000
      Current use
      INDUSTRIAL (GENERAL)
      $38,705,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $37,470,000
      Change: +4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $31,495,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.024
    Latitude
    38.9966
    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
    $306,129
    $0.00
    $0.00
    $24,503,933
    -
    $16,123,500
    $8,382,400
    $24,505,900

    Comparable in this City

    • Value Estimation
      $895,000
      3,500 SF

      941 Bonifant St

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      941 Bonifant St, Silver Spring, MD 20910-4590
      View Details
    • Value Estimation
      $45,920,000
      147,260 SF

      906 Ellsworth Dr

      RETAIL STORES (PERSONAL SERVICES) • 147,260 SF
      906 Ellsworth Dr, Silver Spring, MD 20910
      View Details
    • Value Estimation
      $1,940,000
      4,642 SF

      923 Sligo Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,642 SF
      923 Sligo Ave, Silver Spring, MD 20910-4705
      View Details
    • Value Estimation
      $805,000
      2,080 SF

      1905 Seminary Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,080 SF
      1905 Seminary Rd, Silver Spring, MD 20910-1348
      View Details
    • Value Estimation
      $575,000
      1,462 SF

      934 Bonifant St

      RETAIL STORES (PERSONAL SERVICES) • 1,462 SF
      934 Bonifant St, Silver Spring, MD 20910-4514
      View Details
    • Value Estimation
      $1,675,000
      6,632 SF

      7914 Georgia Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,632 SF
      7914 Georgia Ave, Silver Spring, MD 20910-4837
      View Details

    Similar Nearby for Sale

    • $450,000
      3,500 SF

      Established Edible Arrangements Business Opportunity

      Profitable Edible Arrangements business for sale in Silver Spring, MD.
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      Two-Level Mixed-Use Building For Sale

      13,175 SF mixed-use building with retail and office spaces.
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    • Contact for pricing

      Park Sutton Parking Space

      Parking space available for Park Sutton Condominium unit owners.
      1900 Lyttonsville Rd, 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
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    • $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 Details
    • $4,000,000
      5,843 SF

      8216 Georgia Ave

      Retail properties & Spaces • 5,843 SF
      8216 Georgia Ave, Silver Spring, MD 20910
      View Details

    Similar Nearby for Lease

    • $21,000
      3,920 SF

      Downtown Silver Spring Commercial Space

      Versatile 9,700 sq ft commercial space in downtown Silver Spring.
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      5,417 SF

      Prime Retail Space Near Metro

      Retail space with direct access to transportation and downtown.
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    • Contact for pricing
      3,154 SF

      Retail Space in Silver Spring

      Retail space available for lease in Silver Spring, MD.
      8060 13Th St, Silver Spring, MD 20910
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    • $6,000 /Mo
      3,920 SF

      Silver Spring Commercial Space Available

      3,700 sq ft commercial space in downtown Silver Spring.
      8618 Fenton St Unit, Silver Spring, MD 20910
      View Details
    • Contact for pricing
      1,020 SF

      Retail Space in Silver Spring

      Prime corner retail space available in downtown Silver Spring.
      8561 Fenton St, Silver Spring, MD 20910
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    • $15,000 /Mo
      3,920 SF

      Downtown Silver Spring Retail Opportunity

      Prime retail space in downtown Silver Spring, near Metro.
      8618 Fenton St Unit, Silver Spring, MD 20910
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    Property Visit Statistics

    • Visits by month
      19.2k
    • Visitors by month
      12.9k
    • Avg Time on site
      198 min
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    833 Wayne Ave
    Silver Spring, MD 20910-4427
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    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
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