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Property profile & analytics
OFF-MARKET
Estimated value
$72,785,000
Apartment buildings
8455 Fenton St RU, Silver Spring, MD 20910-4995
Entity Owned
Absentee Owner
Free & Clear
Property ID
US40-1933214
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2017
Total area
215,660 SF
Zoning code
CBD1
APN
13-03800726
UPID
US40-1933214
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
-
Triple A Sportz Gym & Fitness Center Sports Field & Court
-
Orangetheory Fitness Gym & Fitness Center
-
Pure Barre Gym & Fitness Center
-
Shop1988 Clothing Store
-
&pizza - Silver Spring Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$54.78M
Comparable Approach
Comparable
$93.67M
Blend (final)
Blend
$72.79M
Owner & transaction history
FENTON STREET APARTMENTS LLC · 1 yrs held
FENTON STREET APARTMENTS LLC
since 2025
Last sale
$71.4M
1 recorded transaction
Zoning & alternative use
CBD1 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$102.8M
+55.0%
Office building
$99.5M
+50.0%
Retail stores
$95.4M
+43.9%
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%
$59,345,000
6.5%
$54,780,000
7%
$50,870,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$66,310,000
Current use
INDUSTRIAL (GENERAL)
$102,760,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$99,480,000
Change: +50% · Conversion: Moderate
RETAIL STORES
$95,405,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$83,620,000
Change: +26% · Conversion: Moderate
WAREHOUSE, STORAGE
$67,495,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$72.79M
Range $65.51M – $80.06M · ±10% · vs last sale $71.35M (Apr 3 2025)
Last sale anchor
$71.35M
Apr 3 2025
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
$337 / 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
$638,930
Tax year 2022
Assessed value
$56,537,900
Assessed 2023
Previous assessed
$56,537,900
+0.0% YoY
Effective rate
1.13%
On assessed value
Land market value
$6,271,600
Improvement market value
$51,728,400
Total market value
$58,000,000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2017
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
6
Units
243
Total area
215,660 SF
Zoning code
CBD1
APN
13-03800726
UPID
US40-1933214
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CBD1 · Silver Spring, MD
Zoning CBD1 · permitted uses
CBD1 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$66.3M
INDUSTRIAL (GENERAL)
Est. value
$102.8M
OFFICE BUILDING
Est. value
$99.5M
RETAIL STORES
Est. value
$95.4M
COMMERCIAL (GENERAL)
Est. value
$83.6M
WAREHOUSE, STORAGE
Est. value
$67.5M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2017
Heating
HOT WATER
Cooling
Yes
Stories
6
Units
243
Current owner
From public records · entity-resolved
FENTON STREET APARTMENTS LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1 CALIFORNIA ST STE #2500, SAN FRANCISCO, CA 94111-5426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
$71,350,000
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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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