Corner Residential Income
For Sale
$499,000
11700 OLD GEORGETOWN ROAD Unit 1007, North Bethesda, MD 20852
10th-floor condominium residence with hardwood floors, oversized balcony, upgraded kitchen, and two assigned garage parking spaces.
Property Size1,145 SF
Price / SF$435.81
Days on Market84
Property Features for 11700 OLD GEORGETOWN ROAD Unit 1007
General Information
Standard status
Active
Size
1,145 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,459
Amenities
24-hour concierge and security
business center
clubroom
fitness center
outdoor pool
courtyard with BBQ grills
hardwood floors
in-unit washer and dryer
private balcony
upgraded kitchen
Building Details
Building Size
1,145 SF
Year Built
2006
Listing Agency:
Redfin Corp
Listed By:
Mandy Kaur · License #0642190
(571) 278-8008
Source:
Kerishull
Added: Jul 30
Changed: Oct 11
Last Checked: Oct 21 at 4:20AM
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 Redfin Corp
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Investment Insights
Based on property information with market context.
This 10th-floor corner condominium residence at The Sterling offers approximately 1,145 square feet with two bedrooms and two bathrooms. The open layout features hardwood flooring, floor-to-ceiling windows, and an oversized private balcony. The kitchen includes granite countertops, stainless steel appliances, extensive cabinetry, and generous work space. A primary suite with an en-suite bath and an in-unit washer and dryer complete the interior. The property was built in 2006.
Two assigned garage parking spaces accompany the residence. Building amenities include 24-hour concierge and security, a business center, clubroom, fitness center, outdoor pool, landscaped courtyard, BBQ grills, and seating areas. The North Bethesda (White Flint) Metro is steps away, while Pike & Rose is directly across the street with restaurants, shopping, entertainment, and a movie theater. Grocery stores, a market, I-495, and I-270 are also nearby.
Two assigned garage parking spaces accompany the residence. Building amenities include 24-hour concierge and security, a business center, clubroom, fitness center, outdoor pool, landscaped courtyard, BBQ grills, and seating areas. The North Bethesda (White Flint) Metro is steps away, while Pike & Rose is directly across the street with restaurants, shopping, entertainment, and a movie theater. Grocery stores, a market, I-495, and I-270 are also nearby.
Key Highlights
- Approximately 1,145 square feet with 2 bedrooms and 2 bathrooms
- 10th‑floor corner residence with floor‑to‑ceiling windows and oversized private balcony
- Hardwood flooring throughout the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,905
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,100
$378.1K
Cap Rate 7%
$270,071
$270.1K
Cap Rate 9%
$210,056
$210.1K
Market Conditions
NOI Build-Up for 1,145 SF
Gross rent
$37.0K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.4K $30.02/SF
− OpEx
−$15.5K −$13.51/SF
NOI
$18.9K $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%
$378,100
Cap Rate 7%
$270,071
Cap Rate 9%
$210,056
Alternative Uses
Best Use
Apartment 5plus
$270.1K
$236.3K – $315.1K
NOI $18,905 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$402.8K
$352.4K – $469.9K
NOI $28,195 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,590
Businesses Nearby
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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 - 10th-floor condominium residence with hardwood floors, oversized balcony, upgraded kitchen, and two assigned garage parking spaces.
Where is this residential income property located?
The property is located at 11700 OLD GEORGETOWN ROAD Unit 1007 North Bethesda, MD.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 1,145 square feet with 2 bedrooms and 2 bathrooms; 10th‑floor corner residence with floor‑to‑ceiling windows and oversized private balcony; Hardwood flooring throughout the residence
