12020 Georgia AveSilver Spring, MD 20902

Property Details for 12020 Georgia Ave

Year built

2005

Lot size

0.42 AC

Property size (Sq ft)

9,200 SF

Zone code

CRN0.

Property type

Office buildings

APN

13-02897208

APU

1302897208

Description

This exceptional office space, located at 12020 Georgia Avenue in Silver Spring, Maryland, 20902, presents a fantastic opportunity for businesses seeking a prime location. The unit, part of a larger six-suite building totaling 9,200 square feet, offers 1,105 square feet of immediately available space. This traditional office space is perfect for a variety of uses and boasts a convenient location on Georgia Avenue, providing easy access to major transportation routes, including proximity to the beltway. The unit itself includes a full bathroom for added convenience. Utilities are separately metered for electric and water, allowing for precise cost control. The building is well-maintained and offers a professional atmosphere. This is a multi-tenant building, providing a collaborative and dynamic work environment. The property's address is easily accessible and highly visible, offering excellent branding opportunities. Don't miss this chance to secure a well-located, functional, and immediately available office space in the thriving Silver Spring market. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,948,229

  6.5%

  $1,798,365

  7%

  $1,669,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $696,943

  Geo Method

  $1,536,492

• Alternative Use

  Use

  Valuation

  Residential

  $2,229,973

  Hospitality

  $2,042,643

  Educational

  $1,699,455

  Medical

  $1,757,902

  Retail

  $2,643,596

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

39.0524

Longitude

-77.0516

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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