9301 Georgia AveSilver Spring, MD 20910

Property Details for 9301 Georgia Ave

Year built

1961

Construction

BRICK

Lot size

0.15 AC

Property size (Sq ft)

7,714 SF

Zone code

CRT1.

Property type

Office properties

Property subtype

Office buildings

APN

13-01435027

APU

1301435027

Description

This exceptional mixed-use investment opportunity presents a 7,714 square foot building situated on a 6,371 square foot lot at 9301 Georgia Avenue in Silver Spring, Maryland. Built in 1961 and extensively renovated in 2022, this solid brick, two-level building boasts excellent street visibility. Currently operating at 100% occupancy with a single tenant under a triple-net (NNN) lease, the property offers a strong 6.18% cap rate and a substantial net operating income (NOI) of $135,960. The lease, commencing March 31, 2023, has a remaining term of approximately 1.4 years with a 3% annual rent increase. The property features nine parking spaces, including a convenient loading dock. The roof is less than six years old. The building is zoned CRT1 and can be easily configured into four separate units (two on each level) if desired. This fee-simple ownership opportunity offers a compelling combination of strong cash flow, excellent location, and significant upside potential. The asking price is $2,200,000, translating to a price per square foot of $285.20.

• CAP approach

  CAP return

  Valuation

  6%

  $1,633,548

  6.5%

  $1,507,890

  7%

  $1,400,184

• Comparable approach

  Method

  Valuation

  Relative Method

  $584,371

  Geo Method

  $1,288,315

• Alternative Use

  Use

  Valuation

  Residential

  $1,869,784

  Hospitality

  $1,712,712

  Educational

  $1,424,956

  Medical

  $1,473,962

  Retail

  $2,216,598

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

39.0075

Longitude

-77.0394

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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