Renovated Residential Income
For Sale
$499,999
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$363.37
Days on Market50
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: Oct 20
Last Checked: Oct 21 at 7:03AM
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
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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 / Yr
$22,719
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
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
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 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 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$484.0K
$423.5K – $564.7K
NOI $33,883 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
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 $499,999.
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
