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    Property profile & analytics

    949 University E Blvd Silver Spring, MD 20903-2918

    • Retail space
    • 5,816 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $690,000
    Last Sale
    Jun 20, 2023
    $596,020
    Location Intelligence
    Property ID
    US40-0999622
    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.

    Current Use by Public Records

    • Tijuana Mexican Cafe / Mexican Restaurant / Latin American Restaurant

    Property Details for 949 University E Blvd

    Construction
    BRICK
    Lot size
    0.39 lot acres
    Property size
    5,816 SF
    Zone code
    CRT1.
    Property type
    Retail space
    APN
    13-01066973
    APU
    1301066973

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $695,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $695,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $595,000
      Geo Method
      $630,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $675,000
      Retail
      $660,000
      Mixed-Use
      $790,000
      Hospitality
      $620,000
      Educational
      $765,000
      Residential Income
      $840,000
      Energy
      $645,000
      Income-Based Land
      $615,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    Silver Spring
    County
    Montgomery
    State
    Maryland
    Longitude
    -76.9921
    Latitude
    38.9927
    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
    $27,384
    $0.00
    $0.00
    $1,569,733
    -
    $911,600
    $684,400
    $1,596,000

    Comparable in this City

    • Value Estimation by Request
      4,200 SF

      10210 New Hampshire Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      10210 New Hampshire Ave, Silver Spring, MD 20903-1411
      View Details
    • Value Estimation by Request
      6,960 SF

      10216 New Hampshire Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,960 SF
      10216 New Hampshire Ave, Silver Spring, MD 20903-1411
      View Details
    • Value Estimation by Request
      27,000 SF

      10145 New Hampshire Ave

      RETAIL STORES (PERSONAL SERVICES) • 27,000 SF
      10145 New Hampshire Ave, Silver Spring, MD 20903-1713
      View Details
    • Value Estimation by Request
      2,450 SF

      10201 New Hampshire Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,450 SF
      10201 New Hampshire Ave, Silver Spring, MD 20903-1412
      View Details
    • Value Estimation by Request
      40,420 SF

      10101 New Hampshire Ave

      GROCERY, SUPERMARKET • 40,420 SF
      10101 New Hampshire Ave, Silver Spring, MD 20903-1713
      View Details
    • Value Estimation
      $505,000
      3,719 SF

      10203 New Hampshire Ave

      CONVENIENCE STORE • 3,719 SF
      10203 New Hampshire Ave, Silver Spring, MD 20903-1412
      View Details

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    Similar Nearby for Lease

    • $1,900 /Mo

      Retail Space in Takoma Langley

      Retail space available in high-traffic Takoma Langley Park Crossing.
      1019 University Blvd E, Silver Spring, MD 20903
      View Details
    • $23 SF/Yr
      2,266 SF

      Silver Spring Office Space Available

      Office space for rent in Silver Spring, Maryland.
      1738 Elton Rd, Silver Spring, MD 20903
      View Details
    • $1,995 /Mo

      Office Space For Rent

      Office space available for rent.
      1017 E Silver Spring Ave, Silver Spring, MD 20903
      View Details
    • $10 SF/Yr
      5,226 SF

      10230 New Hampshire Ave

      Office space
      10230 New Hampshire Ave, Silver Spring, MD 20903
      View Details

    Property Visit Statistics

    • Visits by month
      12.1k
    • Visitors by month
      7.3k
    • Avg Time on site
      13 min
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    Silver Spring, MD 20903-2918
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    Realmo Value Estimation

    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.

    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.

    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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