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Property profile & analytics
OFF-MARKET
Estimated value
$45,920,000
Retail space
906 Ellsworth Dr, Silver Spring, MD 20910
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-1548830
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
147,260 SF
Lot
3.2 ac (139,392 SF)
Zoning code
CR3.0
APN
13-03309113
UPID
US40-1548830
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
$52.07M
Comparable Approach
Comparable
$58.63M
Blend (final)
Blend
$45.92M
Owner & transaction history
Pfa-b Silver Spring Lc · 11 yrs held
Pfa-b Silver Spring Lc
since 2015
4 recorded transactions
Zoning & alternative use
CR3.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$70.2M
+7.7%
Office building
$67.9M
+4.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$56,405,000
6.5%
$52,070,000
7%
$48,350,000
Alternative Use
Use
Estimation
RETAIL STORES
$65,145,000
Current use
INDUSTRIAL (GENERAL)
$70,170,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$67,930,000
Change: +4% · Conversion: Easy
COMMERCIAL (GENERAL)
$57,095,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$45.92M
Range $41.33M – $50.51M · ±10%
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
$312 / 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
$576,252
Tax year 2022
Assessed value
$38,913,700
Assessed 2023
Previous assessed
$47,038,433
-17.3% YoY
Effective rate
1.48%
On assessed value
Assessed land
$10,465,500
Assessed improvement
$28,448,200
Land market value
$10,465,500
Improvement market value
$28,448,200
Total market value
$38,913,700
Applied tax rate
48.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
YES
Cooling
YES
Stories
3
Units
2
Total area
147,260 SF
Lot
3.2 ac (139,392 SF)
Zoning code
CR3.0
APN
13-03309113
UPID
US40-1548830
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
RETAIL STORES Current
Est. value
$65.1M
INDUSTRIAL (GENERAL)
Est. value
$70.2M
OFFICE BUILDING
Est. value
$67.9M
COMMERCIAL (GENERAL)
Est. value
$57.1M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2004
Heating
YES
Cooling
Yes
Stories
3
Units
2
Lot
3.2 ac
Current owner
From public records · entity-resolved
Pfa-b Silver Spring Lc
Individual
Mailing address
12500 FAIR LKS CIR STE #430, FAIRFAX, VA 22033-3804
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2018
—
Pfa Silver Spring Lc
—
Grant Deed
related
$124,000,000 · Miscellaneous Ins Co
Mar 10, 2015
—
Pfa-b Silver Spring Lc
Montgomery Cnty Md
Grant Deed
$124,000,000 · Miscellaneous Ins Co
—
—
Pfa Silver Spring Lc
—
Deed Of Trust
related
$3,266,776 · Teachers Insurance & Annuity
—
—
Silver Spring Cinema LLC
—
Deed Of Trust
related
$25,000,000 · Cit Lending Services Corp
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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