1017 University BlvdSilver Spring, MD 20903

Property Details for 1017 University Blvd

Year built

1954

Construction

BRICK

Lot size

0.17 AC

Property size (Sq ft)

3,360 SF

Zone code

CRT2.

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

13-03174083

APU

1303174083

Description

This exceptional 840-square-foot executive office suite at 1017 & 1019 University Blvd E in Montgomery County is available for immediate occupancy. The single-tenant space boasts a desirable layout featuring two offices, a reception/waiting area, a half-bathroom, and ample storage. The interior features attractive laminate wood flooring throughout and freshly painted walls. High ceilings with fluorescent lighting fixtures provide bright, functional workspace. The suite offers both front and rear entrances for convenient access. A detailed floor plan is available upon request. Unit 1019 includes additional plumbing, perfect for businesses requiring extra sinks. A prominent 10' x 8' permanent sign is already installed at the building, offering excellent visibility. Tenants can utilize a designated panel on this sign for their business signage (tenant pays for panel). Convenient parking is available on-site, with several unreserved spaces, plus additional parking along the service road. The property is zoned CRT, allowing for office, retail, and service uses. This turnkey space presents a fantastic opportunity for a variety of businesses seeking a well-maintained, conveniently located office suite.

• CAP approach

  CAP return

  Valuation

  6%

  $882,294

  6.5%

  $814,425

  7%

  $756,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $394,530

  Geo Method

  $869,788

• Alternative Use

  Use

  Valuation

  Residential

  $814,425

  Hospitality

  $746,009

  Educational

  $620,670

  Medical

  $642,016

  Retail

  $965,487

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Latitude

38.9911

Longitude

-76.9905

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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