Renovated Residential Income
For Sale
$445,000
10827 HAMPTON MILL TERRACE Unit 370, Rockville, MD 20852
The two-level residence has two bedrooms, private outdoor space, and a kitchen with updated appliances.
Property Size1,029 SF
Price / SF$432.46
Days on Market99
Property Features for 10827 HAMPTON MILL TERRACE Unit 370
General Information
Standard status
Active
Size
1,029 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,487
Building Details
Building Size
1,029 SF
Year Built
1987
Listing Agency:
Gallery Collective
Listed By:
Thomas Mathis
(301) 245-2659
Source:
Gallerycollectivere
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 26 at 5:21PM
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 Gallery Collective
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Investment Insights
Based on property information with market context.
This 1,083-square-foot, two-level residence was built in 1987 and has two upper-level bedrooms, each with an en-suite bath and a walk-in closet with built-in organization. The renovated kitchen includes granite countertops, glass-front cabinets, and stainless steel appliances. A wood-burning fireplace and private balcony add to the living space; the balcony faces a pond, waterfalls, and gazebo. The residence also has updated windows and a new interior and exterior A/C system with a transferable lifetime warranty.
Community facilities include a clubhouse with a fitness center and indoor racquetball court, an outdoor pool complex, tennis and pickleball courts, walking trails, and a playground. On-site management is provided. Association fees cover exterior building maintenance and common-area landscaping. Access routes include I-495, I-270, and Rt 355, and the Grosvenor-Strathmore Metro Station is nearby.
Community facilities include a clubhouse with a fitness center and indoor racquetball court, an outdoor pool complex, tennis and pickleball courts, walking trails, and a playground. On-site management is provided. Association fees cover exterior building maintenance and common-area landscaping. Access routes include I-495, I-270, and Rt 355, and the Grosvenor-Strathmore Metro Station is nearby.
Key Highlights
- 1,083‑square‑foot, two‑level residence built in 1987
- Two upper‑level bedrooms, each with an en‑suite bath and organized walk‑in closet
- Private balcony overlooks a pond, waterfalls, and gazebo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,990
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,800
$339.8K
Cap Rate 7%
$242,714
$242.7K
Cap Rate 9%
$188,778
$188.8K
Market Conditions
NOI Build-Up for 1,029 SF
Gross rent
$33.2K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$30.9K $30.02/SF
− OpEx
−$13.9K −$13.51/SF
NOI
$17.0K $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%
$339,800
Cap Rate 7%
$242,714
Cap Rate 9%
$188,778
Alternative Uses
Best Use
Apartment 5plus
$242.7K
$212.4K – $283.2K
NOI $16,990 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$362.0K
$316.7K – $422.3K
NOI $25,338 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,321
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 - The two-level residence has two bedrooms, private outdoor space, and a kitchen with updated appliances.
Where is this residential income property located?
The property is located at 10827 HAMPTON MILL TERRACE Unit 370 Rockville, MD.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1,083‑square‑foot, two‑level residence built in 1987; Two upper‑level bedrooms, each with an en‑suite bath and organized walk‑in closet; Private balcony overlooks a pond, waterfalls, and gazebo
