Building Details

Building Size 1,212 SF

Year Built 1974

Listing Agency: The Agency DC j***@theagencyre.com Show Phone

Listed By: Javier Andres Guzman · License #675206 Show Phone

Source: Thehulsmangroup

Added: Jul 31 Changed: Aug 13 Last Checked: Aug 13 at 2:09AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency DC

Investment Insights

Based on property information with market context.

This 1974 condominium residence offers two bedrooms, two full bathrooms, and a den that can serve as office or flex space. Hardwood floors extend through the main living areas, while the kitchen provides substantial cabinet and counter storage plus a breakfast bar. The primary bedroom includes an en-suite bathroom and walk-in closet. A wood-burning fireplace adds a central feature to the living room, and the private balcony expands the usable living area outdoors.

The residence is positioned near shopping, grocery stores, restaurants, cafes, walking trails, and lakes. The property information also identifies a low condo fee and recent updates to both bathrooms, including contemporary finishes.

Key Highlights

• Two‑bedroom, two‑bathroom condominium with a flexible den
• Updated kitchen with abundant cabinetry, counter space, and breakfast bar
• Renovated bathrooms with modern finishes

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$20,012

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.15%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$400,240 $400.2K

Cap Rate 7%

$285,886 $285.9K

Cap Rate 9%

$222,356 $222.4K

Market Conditions

NOI Build-Up for 1,212 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$39.1K $32.28/SF

− Vacancy

−$2.7K −$2.26/SF

EGI

$36.4K $30.02/SF

− OpEx

−$16.4K −$13.51/SF

NOI

$20.0K $16.51/SF

Area

Montgomery County, MD

Vacancy

7.00%

Lease Rate

$32.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$400,240

Cap Rate 7%

$285,886

Cap Rate 9%

$222,356

Alternative Uses

Best Use

Apartment 5plus

$285.9K

$250.2K – $333.5K (±1% cap)

NOI $20,012 @ 7.0% cap · market cap 7.15%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$426.4K

$373.1K – $497.4K (±1% cap)

NOI $29,845 @ 7.0% cap · market cap 10.66%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Residential income properties

Suggested Use

Top Pick Parking Lot & Garage Law Firm Real Estate Agency Nail Salon Restaurant Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

681

Businesses Nearby

Explore this area Business Placement

Demographics for 20886, MD

35,649

Population

13,024

Households

2.7

Avg Household Size

36

Median Age

43%

College-Educated

88%

High-School Grad

4.1 sq mi

ZIP Area

8,695

Density / Sq Mi

$98,767

Median Household Income

$48,530

Median Earnings

$1,863

Median Rent

$366,400

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Contiguous Second-Floor Office Condos

18524 Office Park Dr, Montgomery Village, MD 20886

Contact for pricing

2,452 SF

View details

Top-Floor Residential Income Property

18415 BISHOPSTONE COURT Unit: 42, Montgomery Village, MD 20886

$168,000

View details

Office Condominium For Sale

18522 Office Park Dr, Montgomery Village, MD 20886

Contact for pricing

1,221 SF

View details

Frequently Asked Questions

What type of property is this?

Residential income property - Two-bedroom condominium unit with renovated bathrooms, a fireplace, and flexible den space.

Where is this residential income property located?

The property is located at 10008 STEDWICK ROAD Unit 303 Montgomery Village, MD.

What is the asking price?

The asking price for this property is $280,000.

What are key features of this property?

This property features: Two‑bedroom, two‑bathroom condominium with a flexible den; Updated kitchen with abundant cabinetry, counter space, and breakfast bar; Renovated bathrooms with modern finishes