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    8737 Colesville Rd Silver Spring, MD 20910-3928
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    Property profile & analytics

    8737 Colesville Rd Silver Spring, MD 20910-3928

    View on Map
    • Office buildings
    • 129,293 SF
    • 0.57 lot acres
    Off-Market
    Property ID
    US40-0200207
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $33,690,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Steve Kanaras - SECU Mortgage Loan Officer / Loan Service / Bank
    • Lemon Slice Cafe / Cafe & Coffee Shop
    • Smile Constructors / Dental Office
    • DANA / (Bike/Boat/Book/etc) Store / Corporate Office
    • Dental Galleria of Beautiful Smiles / Dental Office

    Property Details for 8737 Colesville Rd

    Year built
    1984
    Construction
    BRICK
    Lot size
    0.57 lot acres
    Property size
    129,293 SF
    Zone code
    CR5.0
    Property type
    Office buildings
    APN
    13-00974693
    APU
    1300974693

    Description

    This exceptional executive office space, totaling 137,956 square feet, presents a unique opportunity in the vibrant Silver Spring market. Located at the intersection of Colesville Road and Spring Street, this 1987-built property offers unparalleled convenience and accessibility. The entire building is currently vacant, providing a blank canvas for a single tenant to customize and design their ideal workspace. The property's strategic location at the northern gateway to Silver Spring Center ensures easy access to a wealth of amenities. Multiple dining, shopping, and entertainment options are within walking distance, catering to the needs of employees and clients alike. Furthermore, the proximity to the Silver Spring Metro Station provides excellent public transportation access, enhancing the property's appeal and attracting a diverse workforce. This single-suite, multi-tenant capable building in Montgomery County offers a substantial footprint for a business seeking a prominent and well-connected location. The entire 137,956 square feet is available for lease, making it ideal for a large corporation or a company seeking to consolidate its operations in a prime location. The property's size and location make it an exceptional investment opportunity for businesses seeking a high-profile presence in a thriving commercial center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $28,090,000
      6.5%
      $25,930,000
      7%
      $24,080,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $35,919,000
      Market price range: $34.6M - $92.7M
      AI Estimate
      $39,213,000
      Market price range: $29.6M - $130M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $50,130,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.0257
    Latitude
    38.9987
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $203,231
    $5,219,500
    $11,780,700
    $17,000,200
    -
    $5,219,500
    $11,780,700
    $17,000,200

    Comparable in this City

    • Value Estimation
      $17,325,000
      74,533 SF

      8300 Colesville Rd

      OFFICE BUILDING • 74,533 SF
      8300 Colesville Rd, Silver Spring, MD 20910-6225
      View Details
    • Value Estimation
      $4,935,000
      16,560 SF

      7961 Eastern Ave

      OFFICE BUILDING • 16,560 SF
      7961 Eastern Ave, Silver Spring, MD 20910-4833
      View Details
    • Value Estimation
      $3,370,000
      8,550 SF

      8307 Fenton St

      OFFICE BUILDING • 8,550 SF
      8307 Fenton St, Silver Spring, MD 20910-4537
      View Details
    • Value Estimation
      $16,400,000
      70,560 SF

      1320 Fenwick Ln

      OFFICE BUILDING • 70,560 SF
      1320 Fenwick Ln, Silver Spring, MD 20910-3323
      View Details
    • Value Estimation
      $1,740,000
      2,026 SF

      1323 Fenwick Ln

      OFFICE BUILDING • 2,026 SF
      1323 Fenwick Ln, Silver Spring, MD 20910-3553
      View Details
    • Value Estimation
      $17,740,000
      59,520 SF

      8121 Georgia Ave

      OFFICE BUILDING • 59,520 SF
      8121 Georgia Ave, Silver Spring, MD 20910-4933
      View Details

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    Silver Spring, MD 20910-3928
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    8737 Colesville Rd, Silver Spring, MD, 20910
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