Building Details

Building Size 1,177 SF

Year Built 2026

Listing Agency: Samson Properties

Listed By: Christiana M Koch · License #533340 Show Phone

Source: Kerishull

Added: Aug 3 Changed: Oct 3 Last Checked: Oct 5 at 10:49PM

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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 1,177-square-foot residential income property is a one-bedroom Logan model with a den, open living and dining areas, and a private balcony. The kitchen includes KitchenAid appliances, granite countertops, an island, a pantry, a cooktop with vent, and extensive cabinetry. Additional features include luxury plank flooring, recessed lighting, a half bath, a separate laundry room with Whirlpool front-loading washer and dryer, and a primary suite with a walk-in shower and walk-in closet.

The residence includes keyless entry, a Ring doorbell, and upgraded blinds. The secure-entry building offers carpeted hallways, wall sconces, and a community room. Cabin John Village Shopping Center, Park Potomac, and Life Fitness are identified as nearby amenities. The property was built in 2026 and is described as ready for immediate occupancy.

Key Highlights

• 1,177‑square‑foot one‑bedroom Logan model with den
• Private balcony and open living‑dining layout
• KitchenAid appliances, granite counters, island, pantry, and extensive cabinetry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,434

Cap Rate

3.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$388,680 $388.7K

Cap Rate 7%

$277,629 $277.6K

Cap Rate 9%

$215,933 $215.9K

Market Conditions

NOI Build-Up for 1,177 SF

Gross rent

$38.0K $32.28/SF

− Vacancy

−$2.7K −$2.26/SF

EGI

$35.3K $30.02/SF

− OpEx

−$15.9K −$13.51/SF

NOI

$19.4K $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%

$388,680

Cap Rate 7%

$277,629

Cap Rate 9%

$215,933

Alternative Uses

Best Use

Apartment 5plus

$277.6K

$242.9K – $323.9K (±1% cap)

NOI $19,434 @ 7.0% cap · market cap 3.19%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$414.0K

$362.3K – $483.1K (±1% cap)

NOI $28,983 @ 7.0% cap · market cap 4.75%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Spa & Massage Center Building Supply Dental Office Bakery Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - One-bedroom residence with a den, upgraded kitchen, private balcony, and secure building entry.

Where is this residential income property located?

The property is located at 1141 FORTUNE TERRACE Unit 307 Potomac, MD.

What is the asking price?

The asking price for this property is $610,000.

What are key features of this property?

This property features: 1,177‑square‑foot one‑bedroom Logan model with den; Private balcony and open living‑dining layout; KitchenAid appliances, granite counters, island, pantry, and extensive cabinetry