12331 Georgia AveSilver Spring, MD 20906

Property Details for 12331 Georgia Ave

Year built

1986

Construction

BRICK

Lot size

2.78 AC

Property size (Sq ft)

27,497 SF

Zone code

CR3.0

Property type

Retail properties

Property subtype

Strip malls

APN

13-02543500

APU

1302543500

Description

This 1,444 square foot medical office space is available for sublease in the Glenmont Shopping Center, situated at the intersection of Georgia Avenue and Randolph Road in Montgomery County. The property, built in 1990, sits on 2.63 acres and offers a single-tenant occupancy. The space is ideally suited for medical practices and includes four treatment rooms, a dedicated customer waiting area, a convenient breakroom, and a private restroom. Its prime location offers excellent accessibility, being a mere two-minute walk from major bus routes, five miles from the Capital Beltway (495), and two miles from the Intercounty Connector, ensuring convenient commutes for both staff and patients. The property's classification as both retail and office space provides flexibility for a variety of uses within the medical field. This sublease opportunity presents a well-equipped and conveniently located space for a growing medical practice seeking a readily available and established location in a bustling shopping center. The property's location within the Glenmont Shopping Center provides ample parking and visibility, enhancing the overall appeal and accessibility for patients. This is a fantastic opportunity to establish or expand a medical practice in a high-traffic area with excellent transportation links.

• CAP approach

  CAP return

  Valuation

  6%

  $8,559,626

  6.5%

  $7,901,193

  7%

  $7,336,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,249,224

  Geo Method

  $11,572,530

• Alternative Use

  Use

  Valuation

  Residential

  $6,664,952

  Hospitality

  $6,105,060

  Educational

  $5,079,338

  Medical

  $5,254,024

  Retail

  $7,901,193

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

39.0603

Longitude

-77.0486

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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