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Property profile & analytics
OFF-MARKET
Estimated value
$23,695,000
Office buildings
962 Wayne Ave, Silver Spring, MD 20910-4433
Trust Owned
~
Est. High Equity
Property ID
US40-0160470
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
BRICK
Total area
101,940 SF
Lot
0.36 ac (15,478 SF)
Zoning code
CR5.0
APN
13-01042911
UPID
US40-0160470
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
Current use
Occupant on record · Public records
-
Salesbroom (Bike/Boat/Book/etc) Store Corporate Office
-
Dr. Edward Ashton Alternative Medicine Practice
-
Public Employees for Environmental Responsibility Law Firm
-
National Association-Pastoral Church Mosque
-
Potomac Conservancy Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.45M
Comparable Approach
Comparable
$27.29M
Blend (final)
Blend
$23.70M
Owner & transaction history
Morgan Stanley Capital I Trust
Morgan Stanley Capital I Trust
since 2026
4 recorded transactions
Zoning & alternative use
CR5.0 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$22,150,000
6.5%
$20,445,000
7%
$18,985,000
Blend value · Realmo final
$23.70M
Range $21.33M – $26.06M · ±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
$232 / 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
$96,265
Tax year 2022
Assessed value
$7,500,000
Assessed 2023
Previous assessed
$7,870,700
-4.7% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,324,000
Assessed improvement
$5,176,000
Land market value
$2,324,000
Improvement market value
$5,176,000
Total market value
$7,500,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
YES
Cooling
YES
Stories
9
Units
1
Total area
101,940 SF
Lot
0.36 ac (15,478 SF)
Zoning code
CR5.0
APN
13-01042911
UPID
US40-0160470
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR5.0 · Silver Spring, MD
Zoning CR5.0 · permitted uses
CR5.0 · 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.
Building & site characteristics
From public records
Year built
1970
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
9
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Morgan Stanley Capital I Trust
Trust
Mailing address
250 VESEY ST FL, NEW YORK, NY 10281-1052
Ownership since
2026
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 11, 2026
$3,720,000
Morgan Stanley Capital I Trust
Wells Fargo Bank National Association
Trust Deed
—
Aug 29, 2018
—
Calssica Homes Of Pensacoa LLC
—
Deed
related
$223,400,000 · Morgan Stanley Bank NA
Jul 13, 2016
$18,475,550
Bsrep II Md Office Wayne LLC
Washington Real Estate Investment T
Deed
—
May 5, 2000
$15,400,000
Washington Real Estate Inv Tr
Nma II Real Estate INC
Grant 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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