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Property profile & analytics
FOR LEASE
Office buildings
8555 16th St, Silver Spring, MD 20910-2816
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-2345868
For Lease
1 / 21
$4,630/Mo
8555 16th St, Silver Spring, MD 20910-2816
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
BRICK
Total area
85,000 SF
Lot
2.06 ac (89,728 SF)
Zoning code
CR3.0
APN
13-00952880
UPID
US40-2345868
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
-
Neurology Center Administrative and Billing Office Medical Clinic
-
Boucrée & Associates Dental Office
-
Rubinstein Shira MD Physician Medical Clinic
-
Maryland Men's Medical Clinic Medical Clinic
-
Syscom Services Inc Telecommunications Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Falkland Office LLC · 1 yrs held
Falkland Office LLC
since 2025
Last sale
$8.5M
6 recorded transactions
Zoning & alternative use
CR3.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$97,779
Tax year 2022
Assessed value
$7,833,333
Assessed 2023
Previous assessed
$7,799,000
+0.4% YoY
Effective rate
1.25%
On assessed value
Land market value
$4,767,200
Improvement market value
$3,232,800
Total market value
$8,000,000
Applied tax rate
41.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1964
Construction
BRICK
Heating
YES
Cooling
YES
Stories
8
Units
1
Total area
85,000 SF
Lot
2.06 ac (89,728 SF)
Zoning code
CR3.0
APN
13-00952880
UPID
US40-2345868
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR3.0 · Silver Spring, MD
Zoning CR3.0 · permitted uses
CR3.0 · 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.
Building & site characteristics
From public records
Year built
1964
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
8
Units
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Falkland Office LLC
Entity
Mailing address
4401 EW HWY #5, BETHESDA, MD 20814-4523
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
$8,500,000
Falkland Office LLC
Summit Management LLC
Special Warranty Deed
$9,155,080 · Montgomery County
May 15, 2019
$7,068,825
Maryland Transit Admn
Csx Transportation INC
Quit Claim Deed
related
—
Feb 20, 2003
$8,275,000
Summit Building LLC
Summit Holdings LLC
Grant Deed
related
—
Nov 26, 1997
$3,600,000
Summit Holdings LLC
Summit Associates LLC
Grant Deed
related
$3,100,000 · General Electric Capital Corp
—
—
Summit Holdings LLC
—
Deed Of Trust
related
$5,175,000 · Cibc INC
—
—
Summit Building LLC
—
Deed Of Trust
related
$7,600,000 · Cibc INC
Coming soon
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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