11262 Georgia AveSilver Spring, MD 20902

Property Details for 11262 Georgia Ave

Year built

1948

Construction

BRICK

Lot size

0.12 AC

Property size (Sq ft)

4,800 SF

Zone code

CR6.0

Property type

Office buildings

APN

13-01188077

APU

1301188077

Description

This exceptional executive office space, located at 11262 Georgia Avenue in Montgomery County, offers three available suites ranging from 165 to 250 square feet. The entire 635-square-foot building is currently vacant and available for lease as a Class C property. Each suite is perfect for small businesses or entrepreneurs seeking a convenient and well-located workspace. The building benefits from its prime location directly across the street from Capitol One Bank and Safeway, providing excellent visibility and accessibility. Furthermore, the property enjoys the convenience of ample public parking surrounding the building, with a new modern county garage located directly behind. The Wheaton Metro station is also conveniently located across the street, offering easy access to public transportation. Utilities are included in the rental rate, making budgeting simple and straightforward. Tenants are responsible for maintaining the cleanliness of their individual suites. This presents a unique opportunity to secure a well-situated, move-in ready office space in a vibrant and accessible location. The flexible space allows for various business needs, with a minimum divisible space of 165 square feet and a maximum contiguous space of 250 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,016,467

  6.5%

  $938,277

  7%

  $871,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $363,622

  Geo Method

  $801,648

• Alternative Use

  Use

  Valuation

  Residential

  $1,163,464

  Hospitality

  $1,065,727

  Educational

  $886,672

  Medical

  $917,166

  Retail

  $1,379,268

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

39.0402

Longitude

-77.0518

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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