Residential Condo with Covered
For Sale
$1,434,900
10400 STRATHMORE PARK COURT Unit 301, North Bethesda, MD 20852
A split-bedroom floor plan includes a den, generous living and dining areas, and two garage parking spaces.
Property Size2,636 SF
Price / SF$541.68
Days on Market9
Property Features for 10400 STRATHMORE PARK COURT Unit 301
General Information
Standard status
Active
Size
2,636 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$16,583
Amenities
outdoor pool
fitness center
Building Details
Building Size
2,636 SF
Year Built
2002
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Jason T Koitz · License #638054
(202) 679-1020
Source:
Barnesrealestatecompany
Added: Oct 22
Changed: Oct 29
Last Checked: Oct 28 at 4:31PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Residence 301 offers 2,649 square feet with 3 bedrooms, a den, and 2.5 baths in an elevator building completed in 2002. The split-bedroom arrangement places the primary suite apart from the other bedrooms. A fireplace anchors the living room, which connects to a formal dining area; both open to a covered balcony. The kitchen has custom cabinetry, granite counters, GE Monogram appliances, a gas range, breakfast bar, and casual dining space. The den adjoins the kitchen, while a laundry room provides additional pantry storage. The primary suite includes a separate tub and shower and multiple walk-in closets. Two garage parking spaces and a separate storage unit are included.
Residents have access to an outdoor pool and fitness center. The property is near the Music Center at Strathmore, Grosvenor-Strathmore Metro, Beach Drive, and Rock Creek Trail, with Pike & Rose and downtown Bethesda also nearby.
Residents have access to an outdoor pool and fitness center. The property is near the Music Center at Strathmore, Grosvenor-Strathmore Metro, Beach Drive, and Rock Creek Trail, with Pike & Rose and downtown Bethesda also nearby.
Key Highlights
- 2,649‑square‑foot residence with 3 bedrooms, a den, and 2.5 baths
- Covered balcony, fireplace, and treetop views from the living and dining rooms
- GE Monogram appliances, gas range, breakfast bar, and adjoining den
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,738
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,760
$874.8K
Cap Rate 7%
$624,829
$624.8K
Cap Rate 9%
$485,978
$486.0K
Market Conditions
NOI Build-Up for 2,649 SF
Gross rent
$85.5K $32.28/SF
− Vacancy
−$6.0K −$2.26/SF
EGI
$79.5K $30.02/SF
− OpEx
−$35.8K −$13.51/SF
NOI
$43.7K $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%
$874,760
Cap Rate 7%
$624,829
Cap Rate 9%
$485,978
Alternative Uses
Best Use
Apartment 5plus
$624.8K
$546.7K – $729.0K
NOI $43,738 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$931.9K
$815.4K – $1.09M
NOI $65,230 @ 7.0% cap · market cap 4.55%
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
351
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 - A split-bedroom floor plan includes a den, generous living and dining areas, and two garage parking spaces.
Where is this residential income property located?
The property is located at 10400 STRATHMORE PARK COURT Unit 301 North Bethesda, MD.
What is the asking price?
The asking price for this property is $1,434,900.
What are key features of this property?
This property features: 2,649‑square‑foot residence with 3 bedrooms, a den, and 2.5 baths; Covered balcony, fireplace, and treetop views from the living and dining rooms; GE Monogram appliances, gas range, breakfast bar, and adjoining den
