Building Details

Building Size 1,534 SF

Year Built 2026

Listing Agency: Monument Sotheby's International Realty

Listed By: Joseph A Petrone Show Phone

Source: Evansgroupdmv

Added: Sep 28 Changed: Oct 27 Last Checked: Oct 26 at 3:10PM

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Investment Insights

Based on property information with market context.

This 2026-built condominium has 1,534 square feet, two bedrooms, and two bathrooms arranged on one level. The corner residence has an open floor plan and elevator access. Interior finishes include quartz countertops, stainless steel kitchen appliances, a ceramic tile backsplash, and luxury vinyl plank flooring. A balcony with storage adds outdoor space and practical storage capacity.

The residence is located within Park Potomac, with restaurants and shopping described as walkable from the property.

Key Highlights

• 1,534‑square‑foot, new‑construction condominium built in 2026
• Two bedrooms and two bathrooms on one level
• Corner unit with open floor plan and elevator access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,328

Cap Rate

2.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$506,560 $506.6K

Cap Rate 7%

$361,829 $361.8K

Cap Rate 9%

$281,422 $281.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,534 SF

Gross rent

$49.5K $32.28/SF

− Vacancy

−$3.5K −$2.26/SF

EGI

$46.1K $30.02/SF

− OpEx

−$20.7K −$13.51/SF

NOI

$25.3K $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%

$506,560

Cap Rate 7%

$361,829

Cap Rate 9%

$281,422

Alternative Uses

Best Use

Apartment 5plus

$361.8K

$316.6K – $422.1K (±1% cap)

NOI $25,328 @ 7.0% cap · market cap 2.91%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$539.6K

$472.2K – $629.6K (±1% cap)

NOI $37,774 @ 7.0% cap · market cap 4.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Explore this area Business Placement

Demographics for 20854, MD

50,698

Population

17,119

Households

3

Avg Household Size

47

Median Age

86%

College-Educated

97%

High-School Grad

33.8 sq mi

ZIP Area

1,500

Density / Sq Mi

$250,001

Median Household Income

$118,028

Median Earnings

$3,180

Median Rent

$1,105,300

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - New construction offers a single-level layout, balcony storage, and convenient access to restaurants and shopping in Park Potomac.

Where is this residential income property located?

The property is located at 1121 FORTUNE TERRACE Unit 210 Potomac, MD.

What is the asking price?

The asking price for this property is $870,894.

What are key features of this property?

This property features: 1,534‑square‑foot, new‑construction condominium built in 2026; Two bedrooms and two bathrooms on one level; Corner unit with open floor plan and elevator access