Entity Owned Property summary
AI-generated overview
The property is a retail space within Ellsworth Place, a multi-access area with six access points including Colesville Road, Fenton Street, Ellsworth Drive, and the Town Square Parking Garage Bridge. It is within a short walking distance of the Paul S. Sarbanes Transit Center, which provides connections to the Metrorail Red Line, MARC Commuter Rail, and Metrobus. The retail space comprises 1,831 square feet and is positioned for prominent visibility supported by surrounding area signage and landmark identification. The immediate trade area characteristics cited for the one-mile and five-mile radii include a 24-hour population estimate of approximately 40,000 (with 74% holding a college degree or higher within one mile) and more than 614,000 people within five miles, alongside an employment base described as 82.6% white-collar and an office market presence of 4.2 million square feet of Class A space.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1991
Construction
BRICK
Total area
436,270 SF
Lot
2.09 ac (91,247 SF)
Zoning code
CR8.0
APN
13-02897540
UPID
US40-2249542
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
-
Mobile Phone Store Electronics & Wireless Store
-
(Bike/Boat/Book/etc) Store
-
(Bike/Boat/Book/etc) Store Cosmetic Store
-
Restaurant
-
Barber Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.73M
Blend (final)
Blend
$10.73M
Owner & transaction history
since 2018
6 recorded transactions
Zoning & alternative use
CR8.0 · 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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.73M
Value range
$9.66M – $11.80M
±10% around blend
Estimated value / SF
$25 / SF
Confidence
Property data
100
Comparable evidence
60
$9.66M
blend $10.73M
$11.80M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
436,270 SF
Lot area
2.09 ac
Year built
1991
Stories
5
APN
13-02897540
Zoning
CR8.0
Assessed value
$72,386,667
Annual tax
$957,756
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$10.73M
Range $9.79M – $29.89M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.73M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$72.39M
Move the market yield to see immediate price impact.
Value / SF
$166
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
5.00%7.00%9.00%
$4.56M
$91.21M
$65.15M
$50.67M
$5.07M
$101.34M
$72.39M
$56.30M
$5.57M
$111.48M
$79.63M
$61.93M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$957,756
Tax year 2022
Assessed value
$72,386,667
Assessed 2023
Previous assessed
$73,350,400
-1.3% YoY
Effective rate
1.32%
On assessed value
Land market value
$17,749,800
Improvement market value
$55,080,200
Total market value
$72,830,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1991
Construction
BRICK
Heating
YES
Cooling
YES
Stories
5
Units
1
Total area
436,270 SF
Lot
2.09 ac (91,247 SF)
Zoning code
CR8.0
APN
13-02897540
UPID
US40-2249542
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR8.0 · Silver Spring, MDZoning CR8.0 · permitted uses
CR8.0 · Silver Spring, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
5
Units
1
Lot
2.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CR8.0
Jurisdiction
Silver Spring, MD
Recorded code
CR8.0
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
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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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