Property profile

8484 Georgia Ave Silver Spring, MD 20910

OFF-MARKET
Office buildings
Property ID
US40-0813632
140,218 SF 0.52 ac lot Built 1984
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A 2,107-square-foot office space is located in Silver Spring near retail, restaurants, banking, and a health club, with multiple hotels in the vicinity. The building includes a renovated lobby, on-site property management, and a conference facility with video conferencing available to tenants. Building services include an after-hours lobby attendant and an electronic access system. Telecommunications infrastructure supports high-speed internet and related data/video conferencing services, with T-1 and fiber optic internet access available. The building complex includes a BB&T bank and a delicatessen/catering tenant, and it offers underground parking, with a major parking garage located across the street. Proximity to the Metro and MARC station provides public transit access. The location is directly across from the planned site of the Discovery Communications headquarters within the Silver Spring Town Center development area, which includes major retailers and cultural attractions such as the American Film Institute at the historic Silver Theatre, a commercial multiplex cinema, additional dining, and nearby hotel properties such as a Hilton and Marriott Courtyard.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction BRICK
Total area 140,218 SF
Lot 0.52 ac (22,568 SF)
Zoning code CR8.0
APN 13-02347238
UPID US40-0813632

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
  • Take-out & Catering
  • Law Firm
  • Charitable Organization Social Service Agency
  • Postal Service Courier Service
  • Locksmith (Bike/Boat/Book/etc) Store

Location

8484 Georgia Ave Silver Spring, MD 20910-5604
Silver Spring metro Census 702501 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$28.12M
Comparable Approach Comparable
by Request
Blend (final) Blend
$44.10M

Owner & transaction history

since 2019
5 recorded transactions
2022
Price N/A
2019
$35.7M
2012
$33.6M
1998
Price N/A
1969
Price N/A

Zoning & alternative use

CR8.0 · Silver Spring, MD
Top alternative use upside
Industrial (general) $66.8M +3.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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