Renovated Residential Income
New
For Sale
$529,000
10716 KINGS RIDING WAY Unit 102-20, Rockville, MD 20852
First-floor condominium with two bedrooms, two baths, and a reserved parking space.
Property Size1,376 SF
Price / SF$384.45
Days on Market4
Property Features for 10716 KINGS RIDING WAY Unit 102-20
General Information
Standard status
Active
Size
1,376 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,405
Amenities
pool
tennis courts
in-unit laundry
fireplace
Building Details
Building Size
1,376 SF
Year Built
1986
Listing Agency:
NextHome Envision
Listed By:
Lisa M Nasar · License #500020
(301) 674-8160
Source:
Kerishull
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 6:08AM
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 NextHome Envision
Investment Insights
Based on property information with market context.
This first-floor condominium at 10716 Kings Riding Way, Unit 102-20, offers 1,376 square feet with two bedrooms and two bathrooms. Renovations include espresso-finish engineered hardwood flooring, LED recessed lighting, quartz kitchen surfaces, Brighton cabinetry, GE Profile stainless steel appliances, and updated bathroom fixtures. New energy-efficient Unicorp windows were installed in 2024. The living areas include a den or sunroom with a wood-burning fireplace and built-in shelving, while both bedrooms have custom floor-to-ceiling closets. An in-unit laundry room adds practical convenience.
The residence is part of Tuckerman Station, where amenities include a community swimming pool, tennis courts, assigned parking, and visitor parking. The property is in Rockville, Maryland, near the Grosvenor-Strathmore Metro, Strathmore, the Bethesda Trolley Trail, Pike & Rose, Wildwood Shopping Center, Rockville Pike, and I-270. The building was constructed in 1986.
The residence is part of Tuckerman Station, where amenities include a community swimming pool, tennis courts, assigned parking, and visitor parking. The property is in Rockville, Maryland, near the Grosvenor-Strathmore Metro, Strathmore, the Bethesda Trolley Trail, Pike & Rose, Wildwood Shopping Center, Rockville Pike, and I-270. The building was constructed in 1986.
Key Highlights
- 1,376‑square‑foot first‑floor condominium with two bedrooms and two bathrooms
- New energy‑efficient Unicorp windows installed in 2024
- Renovated kitchen with Brighton cabinetry, quartz surfaces, and GE Profile stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,719
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,380
$454.4K
Cap Rate 7%
$324,557
$324.6K
Cap Rate 9%
$252,433
$252.4K
Market Conditions
NOI Build-Up for 1,376 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.4K $32.28/SF
− Vacancy
−$3.1K −$2.26/SF
EGI
$41.3K $30.02/SF
− OpEx
−$18.6K −$13.51/SF
NOI
$22.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,380
Cap Rate 7%
$324,557
Cap Rate 9%
$252,433
Alternative Uses
Best Use
Apartment 5plus
$324.6K
$284.0K – $378.7K
NOI $22,719 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$484.0K
$423.5K – $564.7K
NOI $33,883 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
454
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condominium with two bedrooms, two baths, and a reserved parking space.
Where is this residential income property located?
The property is located at 10716 KINGS RIDING WAY Unit 102-20 Rockville, MD.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 1,376‑square‑foot first‑floor condominium with two bedrooms and two bathrooms; New energy‑efficient Unicorp windows installed in 2024; Renovated kitchen with Brighton cabinetry, quartz surfaces, and GE Profile stainless steel appliances
