8737 Colesville RdSilver Spring, MD 20910

Property Details for 8737 Colesville Rd

Year built

1984

Construction

BRICK

Lot size

0.57 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $27,379,602

  6.5%

  $25,273,480

  7%

  $23,468,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,794,544

  Geo Method

  $21,593,224

• Alternative Use

  Use

  Valuation

  Residential

  $31,339,114

  Hospitality

  $28,706,460

  Educational

  $23,883,438

  Medical

  $24,704,826

  Retail

  $37,152,016

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

38.9987

Longitude

-77.0257

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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