Lofted Residential Income
For Sale
$479,000
10842 ANTIGUA TERRACE Unit 203, Rockville, MD 20852
Two-level home with a private balcony, fireplace, walk-in pantry, and access to community recreation amenities.
Property Size1,278 SF
Price / SF$374.80
Days on Market117
Property Features for 10842 ANTIGUA TERRACE Unit 203
General Information
Standard status
Active
Size
1,278 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,227
Building Details
Building Size
1,278 SF
Year Built
1989
Listing Agency:
Samson Properties
(301) 379-3665
Listed By:
Giuliana Casu · License #0619549
(301) 379-3665
Source:
Kerishull
Added: May 7
Changed: Aug 30
Last Checked: Aug 30 at 4:17AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 1,278-square-foot, two-level residence includes a loft and was built in 1989. The main level features an open living and dining area with high ceilings, skylights, a wood-burning fireplace, and balcony access with additional storage. The kitchen offers stainless steel appliances, substantial cabinetry, a breakfast bar, and a walk-in pantry. The primary suite includes vaulted ceilings, dual closets, and a private bath with wood cabinetry, updated flooring, and a soaking tub. A second bedroom, full guest bath, and in-unit laundry are also located on the main floor. Upstairs, the loft adds flexible interior space.
Community amenities include an outdoor pool, tennis courts, a playground, walking trails, landscaped grounds, and pet-friendly policies. The property is near Grosvenor and White Flint Metro stations, Pike & Rose, downtown Bethesda and Rockville, shopping, dining, and major commuter routes.
Community amenities include an outdoor pool, tennis courts, a playground, walking trails, landscaped grounds, and pet-friendly policies. The property is near Grosvenor and White Flint Metro stations, Pike & Rose, downtown Bethesda and Rockville, shopping, dining, and major commuter routes.
Key Highlights
- 1,278 SF two‑level residence with an upstairs loft
- Open living area with soaring ceilings, skylights, wood‑burning fireplace, and private balcony
- Kitchen includes stainless steel appliances, breakfast bar, and walk‑in pantry
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
$21,101
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
4.41%
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%
$422,020
$422.0K
Cap Rate 7%
$301,443
$301.4K
Cap Rate 9%
$234,456
$234.5K
Market Conditions
NOI Build-Up for 1,278 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
$41.3K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$38.4K $30.02/SF
− OpEx
−$17.3K −$13.51/SF
NOI
$21.1K $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 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%
$422,020
Cap Rate 7%
$301,443
Cap Rate 9%
$234,456
Alternative Uses
Best Use
Apartment 5plus
$301.4K
$263.8K – $351.7K
NOI $21,101 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$449.6K
$393.4K – $524.5K
NOI $31,470 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,257
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 - Two-level home with a private balcony, fireplace, walk-in pantry, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 10842 ANTIGUA TERRACE Unit 203 Rockville, MD.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 1,278 SF two‑level residence with an upstairs loft; Open living area with soaring ceilings, skylights, wood‑burning fireplace, and private balcony; Kitchen includes stainless steel appliances, breakfast bar, and walk‑in pantry
