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Property profile & analytics
OFF-MARKET
Estimated value
$18,685,000
Commercial land
8781 Georgia Ave Silver Spring, MD 20910
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1287573
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1957
Construction
BRICK
Total area
43,410 SF
Lot
3.19 ac (139,016 SF)
Zoning code
CR3.0
APN
13-01433996
UPID
US40-1287573
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.51M
Blend (final)
Blend
$18.69M
Owner & transaction history
Silver Spring Apartments LLC · 5 yrs held
Silver Spring Apartments LLC
since 2021
Last sale
$17.0M
3 recorded transactions
Zoning & alternative use
CR3.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$20.7M
+22.9%
Office building
$20.0M
+19.0%
Retail stores
$19.2M
+14.1%
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
$19,305,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,830,000
Current use
INDUSTRIAL (GENERAL)
$20,685,000
Change: +23% · Conversion: Moderate
OFFICE BUILDING
$20,025,000
Change: +19% · Conversion: Easy
RETAIL STORES
$19,205,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$13,585,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$18.69M
Range $16.82M – $20.55M · ±10% · vs last sale $17.00M (May 7 2021)
Last sale anchor
$17.00M
May 7 2021
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
$430 / 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
$185,311
Tax year 2022
Assessed value
$16,793,000
Assessed 2023
Previous assessed
$16,793,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$16,793,000
Land market value
$16,793,000
Total market value
$16,793,000
Applied tax rate
38.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1957
Construction
BRICK
Heating
YES
Stories
3
Total area
43,410 SF
Lot
3.19 ac (139,016 SF)
Zoning code
CR3.0
APN
13-01433996
UPID
US40-1287573
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$16.8M
INDUSTRIAL (GENERAL)
Est. value
$20.7M
OFFICE BUILDING
Est. value
$20.0M
RETAIL STORES
Est. value
$19.2M
WAREHOUSE, STORAGE
Est. value
$13.6M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1957
Construction
BRICK
Heating
YES
Stories
3
Lot
3.19 ac
Current owner
From public records · entity-resolved
Silver Spring Apartments LLC
Entity
Mailing address
6406 IVY LN STE #700, GREENBELT, MD 20770-1435
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2021
$17,000,000
Silver Spring Apartments LLC
Montgomery County
Special Warranty Deed
$91,000 · Manufacturers & Traders Trust Co
Mar 25, 2021
—
Montgomery County
Maryland Natl Cap Park & Planning C
Quit Claim Deed
related
—
Feb 13, 2012
—
Maryland National Capital Park
Germantown-seneca Joint
Quit Claim Deed
related
—
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.
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