One-Bedroom
For Sale
$195,000
10201 GROSVENOR PLACE Unit 1008, Rockville, MD 20852
Renovated kitchen and flooring complement a private balcony and direct walkway access to the Grosvenor Metro station.
Property Size487 SF
Price / SF$400.41
Days on Market56
Property Features for 10201 GROSVENOR PLACE Unit 1008
General Information
Standard status
Active
Size
487 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,842
Amenities
walk-in closets
built-ins
private balcony
outdoor swimming pool
tennis courts
jogging path
fitness center
outdoor picnic area
Building Details
Building Size
487 SF
Year Built
1964
Listing Agency:
KW Metro Center
Listed By:
Aret Koseian · License #629271
(240) 533-6990
Source:
Jackrealtygroup
Added: Sep 4
Changed: Oct 27
Last Checked: Oct 26 at 2:33PM
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 KW Metro Center
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium features a renovated kitchen with quartz countertops, new flooring, built-in storage, walk-in closets, and a private balcony. The unit was built in 1964 and includes one parking space, available on a first-come, first-served basis. The condominium fee covers utilities and amenities.
A walkway connects the property directly to the Grosvenor Metro station on the Red Line. Building amenities include an outdoor pool, tennis courts, a jogging path, a fitness center, and an outdoor picnic area. Groves Market, I-270, the Beltway (495), and downtown Bethesda are also nearby.
A walkway connects the property directly to the Grosvenor Metro station on the Red Line. Building amenities include an outdoor pool, tennis courts, a jogging path, a fitness center, and an outdoor picnic area. Groves Market, I-270, the Beltway (495), and downtown Bethesda are also nearby.
Key Highlights
- One bedroom and one bathroom
- Renovated kitchen with quartz countertops and new flooring
- Private balcony, walk‑in closets, and built‑in storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,041
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,820
$160.8K
Cap Rate 7%
$114,871
$114.9K
Cap Rate 9%
$89,344
$89.3K
Market Conditions
NOI Build-Up for 487 SF
Gross rent
$15.7K $32.28/SF
− Vacancy
−$1.1K −$2.26/SF
EGI
$14.6K $30.02/SF
− OpEx
−$6.6K −$13.51/SF
NOI
$8.0K $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 Rate 5%
$160,820
Cap Rate 7%
$114,871
Cap Rate 9%
$89,344
Alternative Uses
Best Use
Apartment 5plus
$114.9K
$100.5K – $134.0K
NOI $8,041 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$171.3K
$149.9K – $199.9K
NOI $11,992 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated kitchen and flooring complement a private balcony and direct walkway access to the Grosvenor Metro station.
Where is this residential income property located?
The property is located at 10201 GROSVENOR PLACE Unit 1008 Rockville, MD.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: One bedroom and one bathroom; Renovated kitchen with quartz countertops and new flooring; Private balcony, walk‑in closets, and built‑in storage
