Three-Bedroom Residential Income
For Sale
$490,000
11700 OLD GEORGETOWN ROAD Unit 806, North Bethesda, MD 20852
High-rise unit with community amenities, reserved parking, and access to an outdoor pool.
Property Size1,098 SF
Price / SF$446.27
Days on Market23
Property Features for 11700 OLD GEORGETOWN ROAD Unit 806
General Information
Standard status
Active
Size
1,098 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,360
Amenities
fitness center
party room
outdoor pool
picnic area
Building Details
Building Size
1,098 SF
Year Built
2006
Construction
brick
Listing Agency:
Century 21 Redwood Realty
(240) 994-1212
Listed By:
Vicki H Robinson · License #313689
(240) 994-1212
Source:
Kerishull
Added: Aug 9
Changed: Aug 28
Last Checked: Aug 29 at 3:33PM
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 Century 21 Redwood Realty
Investment Insights
Based on property information with market context.
This residential income property is a three-bedroom, two-bathroom unit within a high-rise building in North Bethesda. The 1,098-square-foot residence was built in 2006 and features traditional brick construction, an elevator, reserved parking, and access to community amenities.
Shared facilities include a fitness center, party room, outdoor pool, and picnic area. Snow removal is included through the association. The property is located near schools, parks, shops, restaurants, and public services, with commuting and local amenities accessible from the North Bethesda setting.
Shared facilities include a fitness center, party room, outdoor pool, and picnic area. Snow removal is included through the association. The property is located near schools, parks, shops, restaurants, and public services, with commuting and local amenities accessible from the North Bethesda setting.
Key Highlights
- Three‑bedroom, two‑bathroom residential unit
- 1,098 square feet in a high‑rise building
- Built in 2006 with traditional brick construction
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
$18,129
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
3.70%
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%
$362,580
$362.6K
Cap Rate 7%
$258,986
$259.0K
Cap Rate 9%
$201,433
$201.4K
Market Conditions
NOI Build-Up for 1,098 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
$35.4K $32.28/SF
− Vacancy
−$2.5K −$2.26/SF
EGI
$33.0K $30.02/SF
− OpEx
−$14.8K −$13.51/SF
NOI
$18.1K $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%
$362,580
Cap Rate 7%
$258,986
Cap Rate 9%
$201,433
Alternative Uses
Best Use
Apartment 5plus
$259.0K
$226.6K – $302.2K
NOI $18,129 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$386.3K
$338.0K – $450.6K
NOI $27,038 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - High-rise unit with community amenities, reserved parking, and access to an outdoor pool.
Where is this residential income property located?
The property is located at 11700 OLD GEORGETOWN ROAD Unit 806 North Bethesda, MD.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom residential unit; 1,098 square feet in a high‑rise building; Built in 2006 with traditional brick construction
