Condominium with Smart-Home
For Sale
$382,000
11700 OLD GEORGETOWN ROAD Unit 612, North Bethesda, MD 20852
Updated interior finishes pair with first-level garage parking and a dedicated storage unit.
Property Size831 SF
Price / SF$459.69
Days on Market35
Property Features for 11700 OLD GEORGETOWN ROAD Unit 612
General Information
Standard status
Active
Size
831 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,681
Amenities
outdoor pool
community room
exercise room
Building Details
Building Size
831 SF
Year Built
2006
Listing Agency:
Washington Fine Properties, LLC
Listed By:
Lori M Leasure · License #577617
(240) 498-1884
Source:
Jackrealtygroup
Added: Sep 26
Changed: Oct 29
Last Checked: Oct 30 at 11:52AM
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 Washington Fine Properties, LLC
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Investment Insights
Based on property information with market context.
This 831-square-foot condominium in a 2006-built building has an open floor plan and oversized windows. Recent interior work includes stainless steel appliances, refinished kitchen cabinetry, updated lighting and faucets, fresh paint, new bedroom carpet, and replacement door hardware. The popcorn ceiling has been removed. Smart-home features include a Nest thermostat, electric shades in the living room and bedroom, and smart lighting. A washer and dryer are also included.
The building offers concierge service, an outdoor pool, a community room, and an exercise room. Pike and Rose is across the street, and North Bethesda Metro is a block away. The unit also has first-level garage parking and a dedicated storage unit.
The building offers concierge service, an outdoor pool, a community room, and an exercise room. Pike and Rose is across the street, and North Bethesda Metro is a block away. The unit also has first-level garage parking and a dedicated storage unit.
Key Highlights
- 831‑square‑foot condominium in a building constructed in 2006
- Open floor plan with oversized windows
- Smart features include a Nest thermostat, electric shades, and smart lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,721
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,420
$274.4K
Cap Rate 7%
$196,014
$196.0K
Cap Rate 9%
$152,456
$152.5K
Market Conditions
NOI Build-Up for 831 SF
Gross rent
$26.8K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$24.9K $30.02/SF
− OpEx
−$11.2K −$13.51/SF
NOI
$13.7K $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%
$274,420
Cap Rate 7%
$196,014
Cap Rate 9%
$152,456
Alternative Uses
Best Use
Apartment 5plus
$196.0K
$171.5K – $228.7K
NOI $13,721 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$292.3K
$255.8K – $341.1K
NOI $20,463 @ 7.0% cap · market cap 5.36%
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
3,590
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 - Updated interior finishes pair with first-level garage parking and a dedicated storage unit.
Where is this residential income property located?
The property is located at 11700 OLD GEORGETOWN ROAD Unit 612 North Bethesda, MD.
What is the asking price?
The asking price for this property is $382,000.
What are key features of this property?
This property features: 831‑square‑foot condominium in a building constructed in 2006; Open floor plan with oversized windows; Smart features include a Nest thermostat, electric shades, and smart lighting
