Two-Bedroom Residential Income
For Sale
$485,000
10717 KINGS RIDING WAY Unit 101, Rockville, MD 20852
Residents have access to a community pool, with off-street parking and additional lot spaces available.
Property Size1,162 SF
Price / SF$417.38
Days on Market48
Property Features for 10717 KINGS RIDING WAY Unit 101
General Information
Standard status
Active
Size
1,162 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,925
Amenities
pool
off-street parking
Building Details
Building Size
1,162 SF
Year Built
1986
Construction
garden-style
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 3:36PM
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 1,162-square-foot residential unit has two bedrooms and two bathrooms. Built in 1986, it is located in the Tuckerman Station community, which includes a pool. Off-street parking and additional lot spaces are also available.
The unit is at 10717 Kings Riding Way, Unit 101, in Rockville, Maryland.
The unit is at 10717 Kings Riding Way, Unit 101, in Rockville, Maryland.
Key Highlights
- 1,162 square feet with 2 bedrooms and 2 bathrooms
- Community pool
- Off‑street parking and additional lot spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,186
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,720
$383.7K
Cap Rate 7%
$274,086
$274.1K
Cap Rate 9%
$213,178
$213.2K
Market Conditions
NOI Build-Up for 1,162 SF
Gross rent
$37.5K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.9K $30.02/SF
− OpEx
−$15.7K −$13.51/SF
NOI
$19.2K $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%
$383,720
Cap Rate 7%
$274,086
Cap Rate 9%
$213,178
Alternative Uses
Best Use
Apartment 5plus
$274.1K
$239.8K – $319.8K
NOI $19,186 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$408.8K
$357.7K – $476.9K
NOI $28,614 @ 7.0% cap · market cap 5.90%
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
454
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 - Residents have access to a community pool, with off-street parking and additional lot spaces available.
Where is this residential income property located?
The property is located at 10717 KINGS RIDING WAY Unit 101 Rockville, MD.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1,162 square feet with 2 bedrooms and 2 bathrooms; Community pool; Off‑street parking and additional lot spaces
