Two-Bedroom Residential
New
For Sale
$565,000
11410 STRAND DRIVE Unit R-207, Rockville, MD 20852
A private balcony, in-unit laundry, and assigned garage parking complement the spacious interior.
Property Size1,481 SF
Price / SF$381.50
Days on Market2
Property Features for 11410 STRAND DRIVE Unit R-207
General Information
Standard status
Active
Size
1,481 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,025
Building Details
Building Size
1,481 SF
Year Built
1980
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Erica J Terry · License #597712
(301) 996-2536
Source:
Kerishull
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:43AM
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 Berkshire Hathaway HomeServices PenFed Realty
Investment Insights
Based on property information with market context.
Set within a garden-style building constructed in 1980, this 1,481-square-foot residence has two bedrooms and two bathrooms. Laminate plank flooring extends throughout, and the eat-in kitchen includes a built-in microwave, dishwasher, disposal, electric oven and range, refrigerator, and icemaker. A washer and dryer are also included in the unit.
The primary bedroom features a walk-in closet, with additional storage options available. The balcony and windows look toward surrounding trees and woods. Residents have access to a pool and tennis courts, and the building has an elevator. An assigned garage parking space is included.
The association fee covers water, sewer, trash, and common-area maintenance.
The primary bedroom features a walk-in closet, with additional storage options available. The balcony and windows look toward surrounding trees and woods. Residents have access to a pool and tennis courts, and the building has an elevator. An assigned garage parking space is included.
The association fee covers water, sewer, trash, and common-area maintenance.
Key Highlights
- 1,481‑square‑foot unit with 2 bedrooms and 2 bathrooms
- Garden‑style building constructed in 1980
- Eat‑in kitchen with built‑in microwave, dishwasher, disposal, electric oven/range, refrigerator, and icemaker
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,453
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,060
$489.1K
Cap Rate 7%
$349,329
$349.3K
Cap Rate 9%
$271,700
$271.7K
Market Conditions
NOI Build-Up for 1,481 SF
Gross rent
$47.8K $32.28/SF
− Vacancy
−$3.3K −$2.26/SF
EGI
$44.5K $30.02/SF
− OpEx
−$20.0K −$13.51/SF
NOI
$24.5K $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%
$489,060
Cap Rate 7%
$349,329
Cap Rate 9%
$271,700
Alternative Uses
Best Use
Apartment 5plus
$349.3K
$305.7K – $407.6K
NOI $24,453 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$521.0K
$455.9K – $607.8K
NOI $36,469 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,625
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony, in-unit laundry, and assigned garage parking complement the spacious interior.
Where is this residential income property located?
The property is located at 11410 STRAND DRIVE Unit R-207 Rockville, MD.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1,481‑square‑foot unit with 2 bedrooms and 2 bathrooms; Garden‑style building constructed in 1980; Eat‑in kitchen with built‑in microwave, dishwasher, disposal, electric oven/range, refrigerator, and icemaker
