One-Bedroom
For Sale
$195,000
10401 GROSVENOR PLACE Unit 314, Rockville, MD 20852
Building amenities include a staffed front desk, outdoor pool, tennis courts, fitness room, and children's play area.
Property Size893 SF
Price / SF$218.37
Days on Market100
Property Features for 10401 GROSVENOR PLACE Unit 314
General Information
Standard status
Active
Size
893 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,471
Amenities
24 hour front desk
outdoor pool
tennis courts
fitness room
tot lot
laundry room
internet
cable
parking
Building Details
Building Size
893 SF
Year Built
1966
Listing Agency:
REMAX Platinum Realty
Listed By:
Richard C Wright · License #525223
(301) 461-8208
Source:
Jackrealtygroup
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 REMAX Platinum Realty
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Investment Insights
Based on property information with market context.
This 893-square-foot, one-bedroom condo was built in 1966 and has wood parquet flooring, energy-efficient windows, a spacious bedroom, and generous closet storage. The unit faces a park. The condo fee covers electricity, gas, water and sewer, internet, cable, and parking.
Building amenities include a 24-hour front desk, outdoor pool, tennis courts, fitness room, children's play area, and first-level laundry with approximately 20 washers and dryers. Valet service is also on that level. The building is nonsmoking, and the private community encompasses more than 20 acres.
A market and deli are nearby, and the Metro station is within steps of the property. NIH and Walter Reed are one Metro stop away. Access to major routes and proximity to Washington, DC and Bethesda are also noted.
Building amenities include a 24-hour front desk, outdoor pool, tennis courts, fitness room, children's play area, and first-level laundry with approximately 20 washers and dryers. Valet service is also on that level. The building is nonsmoking, and the private community encompasses more than 20 acres.
A market and deli are nearby, and the Metro station is within steps of the property. NIH and Walter Reed are one Metro stop away. Access to major routes and proximity to Washington, DC and Bethesda are also noted.
Key Highlights
- 893‑square‑foot one‑bedroom unit with parquet floors and energy‑efficient windows
- Park‑facing position
- Condo fee covers electricity, gas, water/sewer, internet, cable, and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,745
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,900
$294.9K
Cap Rate 7%
$210,643
$210.6K
Cap Rate 9%
$163,833
$163.8K
Market Conditions
NOI Build-Up for 893 SF
Gross rent
$28.8K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.8K $30.02/SF
− OpEx
−$12.1K −$13.51/SF
NOI
$14.7K $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%
$294,900
Cap Rate 7%
$210,643
Cap Rate 9%
$163,833
Alternative Uses
Best Use
Apartment 5plus
$210.6K
$184.3K – $245.8K
NOI $14,745 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$314.1K
$274.9K – $366.5K
NOI $21,990 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
382
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 - Building amenities include a staffed front desk, outdoor pool, tennis courts, fitness room, and children's play area.
Where is this residential income property located?
The property is located at 10401 GROSVENOR PLACE Unit 314 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: 893‑square‑foot one‑bedroom unit with parquet floors and energy‑efficient windows; Park‑facing position; Condo fee covers electricity, gas, water/sewer, internet, cable, and parking
