Corner-Unit Residential Income
11700 OLD GEORGETOWN ROAD Unit 910, North Bethesda, MD 20852
For Sale
$625,000
Two-bedroom condominium with extensive building amenities, private outdoor space, and direct access to Metro and nearby retail.
Property Size1,526 SF
Days on Market56
Property Features for 11700 OLD GEORGETOWN ROAD Unit 910
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
secure building entry
secured four-level underground parking garage
large private outdoor swimming pool
gas grills
24-hour concierge
community room
24-hour fitness center
mail delivery
Building Details
Building Size
Year Built
Listing Agency:
Wilcox & Associates Realtors
Listed By:
Brad C Wilcox · License #535733
(301) 785-2144
Source:
Barnesrealestatecompany
Added: Sep 14
Changed: Nov 7
Last Checked: Nov 6 at 5:07PM
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 Wilcox & Associates Realtors
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Investment Insights
Based on property information with market context.
This corner-unit residential income property at The Sterling at White Flint offers nearly 1,600 square feet with two bedrooms and two full bathrooms. Floor-to-ceiling glass on two sides brings abundant natural light into the residence, while a private corner balcony provides views in four directions. Interior features include a granite kitchen with 42-inch cherry cabinetry, stainless-steel appliances, built-in microwave, hardwood flooring in the main living areas, 9-foot ceilings, walk-in closets, dual bathroom vanities, and a full-size washer and dryer.
Built in 2006, the building occupies the corner of Rockville Pike and Old Georgetown Road in North Bethesda, directly across from Pike & Rose and the White Flint Metro. Community amenities include secure entry, a secured four-level underground parking garage, outdoor swimming pool, gas grills, 24-hour concierge and package delivery, event space, and a 24-hour fitness center. Gallery Market & Cafe is adjacent to the property.
Built in 2006, the building occupies the corner of Rockville Pike and Old Georgetown Road in North Bethesda, directly across from Pike & Rose and the White Flint Metro. Community amenities include secure entry, a secured four-level underground parking garage, outdoor swimming pool, gas grills, 24-hour concierge and package delivery, event space, and a 24-hour fitness center. Gallery Market & Cafe is adjacent to the property.
Key Highlights
- Nearly 1,600 square feet with 2 bedrooms and 2 full bathrooms
- Corner residence with floor‑to‑ceiling glass on two sides and a private balcony
- Granite kitchen with 42‑inch cherry cabinetry and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,196
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,920
$503.9K
Cap Rate 7%
$359,943
$359.9K
Cap Rate 9%
$279,956
$280.0K
Market Conditions
NOI Build-Up for 1,526 SF
Gross rent
$49.3K $32.28/SF
− Vacancy
−$3.4K −$2.26/SF
EGI
$45.8K $30.02/SF
− OpEx
−$20.6K −$13.51/SF
NOI
$25.2K $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%
$503,920
Cap Rate 7%
$359,943
Cap Rate 9%
$279,956
Alternative Uses
Best Use
Apartment 5plus
$359.9K
$315.0K – $419.9K
NOI $25,196 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$536.8K
$469.7K – $626.3K
NOI $37,577 @ 7.0% cap · market cap 6.01%
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
$646,100
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Montgomery County, MD
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with extensive building amenities, private outdoor space, and direct access to Metro and nearby retail.
Where is this residential income property located?
The property is located at 11700 OLD GEORGETOWN ROAD Unit 910 North Bethesda, MD.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Nearly 1,600 square feet with 2 bedrooms and 2 full bathrooms; Corner residence with floor‑to‑ceiling glass on two sides and a private balcony; Granite kitchen with 42‑inch cherry cabinetry and stainless‑steel appliances
