2-Bedroom Residential Income
For Sale
$279,000
10100 RIDGE MANOR TERRACE Unit 5000-L, Damascus, MD 20872
Garden-style residence with two full bathrooms, in-unit laundry, assigned parking, and access to community recreation amenities.
Property Size1,198 SF
Price / SF$232.89
Days on Market10
Property Features for 10100 RIDGE MANOR TERRACE Unit 5000-L
General Information
Standard status
Active
Size
1,198 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,785
Amenities
in-unit washer/dryer
basketball courts
walking paths
Building Details
Building Size
1,198 SF
Year Built
1999
Construction
garden-style
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Zawadi R Sakapalla-Ukondwa · License #585719
(301) 379-2342
Source:
Thehulsmangroup
Added: Aug 27
Changed: Sep 1
Last Checked: Sep 4 at 1:25PM
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 Berkshire Hathaway HomeServices PenFed Realty
Investment Insights
Based on property information with market context.
This garden-style residential income property contains 1,198 square feet with two bedrooms and two full bathrooms. The interior includes an open living and dining arrangement, a kitchen with a refrigerator, dishwasher, and oven/range, plus an in-unit washer and dryer. The primary bedroom has a soaking tub, while the second bathroom features a walk-in shower.
Built in 1999, the home includes one assigned parking space. Community amenities include basketball courts and walking paths. The property is located at 10100 Ridge Manor Terrace, Unit 5000-L, in Damascus, Maryland 20872.
Built in 1999, the home includes one assigned parking space. Community amenities include basketball courts and walking paths. The property is located at 10100 Ridge Manor Terrace, Unit 5000-L, in Damascus, Maryland 20872.
Key Highlights
- 1,198‑square‑foot garden‑style home with 2 bedrooms and 2 full bathrooms
- Kitchen includes a refrigerator, dishwasher, and oven/range
- In‑unit washer and dryer included
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
$19,780
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
7.09%
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%
$395,600
$395.6K
Cap Rate 7%
$282,571
$282.6K
Cap Rate 9%
$219,778
$219.8K
Market Conditions
NOI Build-Up for 1,198 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
$38.7K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$36.0K $30.02/SF
− OpEx
−$16.2K −$13.51/SF
NOI
$19.8K $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%
$395,600
Cap Rate 7%
$282,571
Cap Rate 9%
$219,778
Alternative Uses
Best Use
Apartment 5plus
$282.6K
$247.3K – $329.7K
NOI $19,780 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$421.4K
$368.8K – $491.7K
NOI $29,500 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 20872, MD
13,349
Population
4,850
Households
2.8
Avg Household Size
39
Median Age
47%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
671
Density / Sq Mi
$132,804
Median Household Income
$61,547
Median Earnings
$1,675
Median Rent
$478,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Garden-style residence with two full bathrooms, in-unit laundry, assigned parking, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 10100 RIDGE MANOR TERRACE Unit 5000-L Damascus, MD.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1,198‑square‑foot garden‑style home with 2 bedrooms and 2 full bathrooms; Kitchen includes a refrigerator, dishwasher, and oven/range; In‑unit washer and dryer included
