Entity Owned 
For Sale
1 / 24
$1,500,000
836 Bonifant St, Silver Spring, MD 20910
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1931
Construction
BRICK
Total area
1,643 SF
Lot
0.13 ac (5,445 SF)
Zoning code
CR1.5
APN
13-01042443
UPID
US40-1223357
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.27M
Owner & transaction history
since 2019
6 recorded transactions
Zoning & alternative use
CR1.5 · Silver Spring, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 17 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.27M
Value range
$1.14M – $1.40M
±10% around blend
Estimated value / SF
$773 / SF
Confidence
High
17 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$1.14M
blend $1.27M
$1.40M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,643 SF
Lot area
0.13 ac
Year built
1931
Stories
2
APN
13-01042443
Zoning
CR1.5
Assessed value
$1,125,867
Annual tax
$12,381
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$12,381
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$516k
Weighted, 17 comps · high confidence
Evidence
17 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.8 mi away · 1,337 SF
10.0 mi away · 1,490 SF
12.4 mi away · 2,080 SF
13.0 mi away · 1,888 SF
13.5 mi away · 1,531 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.27M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$461
+68%
Submarket 63 sales
$330
+134%
County 255 sales
$317
+144%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $773/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 17 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
2.07%
Selected cap rate for this office buildings
Derived from the Silver Spring market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$31k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.50M
Move the market yield to see immediate price impact.
Value / SF
$913
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.57%2.07%2.57%
$28k
$1.78M
$1.35M
$1.09M
$31k
$1.98M
$1.50M
$1.21M
$34k
$2.17M
$1.65M
$1.33M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
17 found
High confidence · county-verified
Closest comparable
$700k
0.6 mi · Dec 2025 · $350/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$12,381
Tax year 2022
Assessed value
$1,125,867
Assessed 2023
Previous assessed
$1,072,933
+4.9% YoY
Effective rate
1.10%
On assessed value
Land market value
$220,000
Improvement market value
$958,800
Total market value
$1,178,800
Applied tax rate
48.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1931
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
1,643 SF
Lot
0.13 ac (5,445 SF)
Zoning code
CR1.5
APN
13-01042443
UPID
US40-1223357
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR1.5 · Silver Spring, MDZoning CR1.5 · permitted uses
CR1.5 · Silver Spring, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1931
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.13 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CR1.5
Jurisdiction
Silver Spring, MD
Recorded code
CR1.5
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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