10417 BEACON RIDGE DRIVE Unit 8-301, Bowie, MD 20721

Building Details

Building Size 616 SF More

Year Built 1989 More

Listing Agency: HomeSmart

Listed By: Walter Matthew Birch · License #667990 Show Phone

Source: Bradkappel

Added: Jun 9 Changed: Nov 8 Last Checked: Nov 8 at 4:10PM

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Investment Insights

Based on property information with market context.

This top-floor residential property, built in 1989, has one bedroom and a loft overlooking the living and dining areas. The main level includes a full bathroom, a galley kitchen with upgraded countertops, dishwasher, range and oven, and microwave, plus an enclosure with a stackable washer and dryer. Vaulted ceilings, hardwood floors, and a wood-burning fireplace shape the living area. A spiral staircase connects it to a carpeted loft, while the dining space opens to a private balcony.

The home is in the Lake Arbor community, with shopping, dining, parks, and public transportation accessible nearby.

Key Highlights

• One‑bedroom layout with loft overlooking the living and dining areas
• Top‑floor unit with vaulted ceilings and hardwood floors
• Wood‑burning fireplace and private balcony

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,293

Cap Rate

4.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$165,860 $165.9K

Cap Rate 7%

$118,471 $118.5K

Cap Rate 9%

$92,144 $92.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 616 SF

Gross rent

$16.0K $26.04/SF

− Vacancy

−$962 −$1.56/SF

EGI

$15.1K $24.48/SF

− OpEx

−$6.8K −$11.01/SF

NOI

$8.3K $13.46/SF

Area

Prince George's County, MD

Vacancy

6.00%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$165,860

Cap Rate 7%

$118,471

Cap Rate 9%

$92,144

Alternative Uses

Best Use

Apartment 5plus

$118.5K

$103.7K – $138.2K (±1% cap)

NOI $8,293 @ 7.0% cap · market cap 4.36%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$198.7K

$173.9K – $231.8K (±1% cap)

NOI $13,910 @ 7.0% cap · market cap 7.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

1,277

Businesses Nearby

Explore this area Business Placement

Demographics for 20721, MD

29,847

Population

11,284

Households

2.6

Avg Household Size

45

Median Age

59%

College-Educated

97%

High-School Grad

16.8 sq mi

ZIP Area

1,777

Density / Sq Mi

$167,689

Median Household Income

$80,249

Median Earnings

$2,394

Median Rent

$561,500

Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Prince George's County, MD

$257 Jul

$280 Aug

$261 Sep

$271 Oct

Properties on Market for Residential income properties in Prince George's County

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Residential income property - A private balcony, vaulted ceilings, and a loft complement the one-bedroom layout.

Where is this residential income property located?

The property is located at 10417 BEACON RIDGE DRIVE Unit 8-301 Bowie, MD.

What is the asking price?

The asking price for this property is $190,000.

What are key features of this property?

This property features: One‑bedroom layout with loft overlooking the living and dining areas; Top‑floor unit with vaulted ceilings and hardwood floors; Wood‑burning fireplace and private balcony