515 APPLE GROVE RD SILVER SPRING MD 20904-2748

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515 APPLE GROVE RD SILVER SPRING MD 20904-2748

Silver Spring, MD 20904-2748
Asking Price
$1.20M
Asset Type
Retail
Class
Class B

What's Special

515 Apple Grove Road is located in the Cloverly neighborhood of Silver Spring, Maryland. Positioned just off New Hampshire Avenue (Route 650), the property is situated within a established suburban commercial cluster surrounded by residential communities. The immediate area features several local shopping centers, grocery stores, and professional offices. Transportation access is provided via Maryland Route 200 (ICC) and various Montgomery County bus routes, connecting the site to the broader Washington, D.C. metropolitan region. The property is well-suited for neighborhood-oriented retail uses, such as specialty boutiques, service-based businesses, or small-scale dining establishments. Typical tenants for this asset class include medical practitioners, personal care salons, and community-focused retail outlets. Given the demographic profile of the surrounding Silver Spring area, the space is ideal for businesses prioritizing high visibility in a stable, convenience-driven market.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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