Condominium Unit with Wraparound
For Sale
$260,000
10500 ROCKVILLE PIKE Unit 304, Rockville, MD 20852
Building amenities include an outdoor pool, hot tub, exercise room, and concierge service.
Property Size1,155 SF
Price / SF$225.11
Days on Market35
Property Features for 10500 ROCKVILLE PIKE Unit 304
General Information
Standard status
Active
Size
1,155 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,797
Amenities
pool
hot tub
exercise room
concierge
security
tennis courts
jogging paths
common grounds
Building Details
Building Size
1,155 SF
Year Built
1965
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 25
Changed: Oct 27
Last Checked: Oct 26 at 2:26PM
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
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Investment Insights
Based on property information with market context.
This 1,155-square-foot condominium offers two bedrooms and two bathrooms in an open living and dining layout. The entry foyer includes storage, while the kitchen has a galley configuration, cabinetry, tile backsplash, and gas cooktop. A private wraparound patio opens from the dining area. The primary bedroom has a walk-in closet and ensuite bath; the second bedroom accesses a full hall bath. The building dates to 1965.
Residents have access to an outdoor pool, hot tub, exercise room, tennis courts, and jogging paths. Concierge service and security features are also provided. The property includes an assigned garage parking space and is within walking distance of Grosvenor Metro, with bus stops nearby. The condo fee covers all utilities.
Residents have access to an outdoor pool, hot tub, exercise room, tennis courts, and jogging paths. Concierge service and security features are also provided. The property includes an assigned garage parking space and is within walking distance of Grosvenor Metro, with bus stops nearby. The condo fee covers all utilities.
Key Highlights
- Two bedrooms and two bathrooms across 1,155 square feet
- Private wraparound patio overlooking community grounds
- Primary bedroom includes a walk‑in closet and ensuite bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,070
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,400
$381.4K
Cap Rate 7%
$272,429
$272.4K
Cap Rate 9%
$211,889
$211.9K
Market Conditions
NOI Build-Up for 1,155 SF
Gross rent
$37.3K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.7K $30.02/SF
− OpEx
−$15.6K −$13.51/SF
NOI
$19.1K $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%
$381,400
Cap Rate 7%
$272,429
Cap Rate 9%
$211,889
Alternative Uses
Best Use
Apartment 5plus
$272.4K
$238.4K – $317.8K
NOI $19,070 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$406.3K
$355.5K – $474.0K
NOI $28,441 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
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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 an outdoor pool, hot tub, exercise room, and concierge service.
Where is this residential income property located?
The property is located at 10500 ROCKVILLE PIKE Unit 304 Rockville, MD.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms across 1,155 square feet; Private wraparound patio overlooking community grounds; Primary bedroom includes a walk‑in closet and ensuite bath
