Condominium with Expansive
For Sale
$248,800
10300 WESTLAKE DRIVE Unit 209, Bethesda, MD 20817
An open-plan second-floor residence features floor-to-ceiling windows and a combined living, dining, and kitchen area.
Property Size982 SF
Price / SF$253.36
Days on Market28
Property Features for 10300 WESTLAKE DRIVE Unit 209
General Information
Standard status
Active
Size
982 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,055
Building Details
Building Size
982 SF
Year Built
1962
Listing Agency:
Compass
Listed By:
Ashton A Vessali · License #22913
(301) 502-7123
Source:
Jackrealtygroup
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 982-square-foot, second-floor condominium was built in 1962 and has an open layout combining the living room, dining area, and kitchen. Interior features include flooring throughout, a neutral color palette, design-focused details, and floor-to-ceiling windows. A large balcony and a private front balcony provide outdoor space.
Key Highlights
- 982‑square‑foot second‑floor condominium
- Open arrangement connects the living room, dining area, and kitchen
- Floor‑to‑ceiling windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,214
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,280
$324.3K
Cap Rate 7%
$231,629
$231.6K
Cap Rate 9%
$180,156
$180.2K
Market Conditions
NOI Build-Up for 982 SF
Gross rent
$31.7K $32.28/SF
− Vacancy
−$2.2K −$2.26/SF
EGI
$29.5K $30.02/SF
− OpEx
−$13.3K −$13.51/SF
NOI
$16.2K $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%
$324,280
Cap Rate 7%
$231,629
Cap Rate 9%
$180,156
Alternative Uses
Best Use
Apartment 5plus
$231.6K
$202.7K – $270.2K
NOI $16,214 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$345.4K
$302.3K – $403.0K
NOI $24,181 @ 7.0% cap · market cap 9.72%
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
1,315
Businesses Nearby
Explore this area
Business Placement
Demographics for 20817, MD
38,908
Population
14,363
Households
2.7
Avg Household Size
44
Median Age
85%
College-Educated
98%
High-School Grad
14.0 sq mi
ZIP Area
2,779
Density / Sq Mi
$240,104
Median Household Income
$121,313
Median Earnings
$3,155
Median Rent
$1,142,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan second-floor residence features floor-to-ceiling windows and a combined living, dining, and kitchen area.
Where is this residential income property located?
The property is located at 10300 WESTLAKE DRIVE Unit 209 Bethesda, MD.
What is the asking price?
The asking price for this property is $248,800.
What are key features of this property?
This property features: 982‑square‑foot second‑floor condominium; Open arrangement connects the living room, dining area, and kitchen; Floor‑to‑ceiling windows
