Main-Level Residential Income
For Sale
$199,000
10216 ROCKVILLE PIKE Unit 102, Rockville, MD 20852
The one-bedroom home includes wood flooring and an updated kitchen.
Property Size612 SF
Price / SF$325.16
Days on Market50
Property Features for 10216 ROCKVILLE PIKE Unit 102
General Information
Standard status
Active
Size
612 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,010
Building Details
Building Size
612 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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 Jack Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 612-square-foot, one-bedroom, one-bath residence is on the main level and features wood floors throughout. The kitchen has been updated, and the home was built in 1964.
The property is at 10216 Rockville Pike in Rockville, Maryland.
The property is at 10216 Rockville Pike in Rockville, Maryland.
Key Highlights
- 612‑square‑foot residence
- One bedroom and one full bath
- Main‑level layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,105
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,100
$202.1K
Cap Rate 7%
$144,357
$144.4K
Cap Rate 9%
$112,278
$112.3K
Market Conditions
NOI Build-Up for 612 SF
Gross rent
$19.8K $32.28/SF
− Vacancy
−$1.4K −$2.26/SF
EGI
$18.4K $30.02/SF
− OpEx
−$8.3K −$13.51/SF
NOI
$10.1K $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%
$202,100
Cap Rate 7%
$144,357
Cap Rate 9%
$112,278
Alternative Uses
Best Use
Apartment 5plus
$144.4K
$126.3K – $168.4K
NOI $10,105 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$215.3K
$188.4K – $251.2K
NOI $15,070 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
373
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
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom home includes wood flooring and an updated kitchen.
Where is this residential income property located?
The property is located at 10216 ROCKVILLE PIKE Unit 102 Rockville, MD.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 612‑square‑foot residence; One bedroom and one full bath; Main‑level layout
