Corner-Unit Residential Income
For Sale
$625,000
11700 OLD GEORGETOWN ROAD Unit 910, North Bethesda, MD 20852
Two-bedroom condominium with extensive building amenities, private outdoor space, and direct access to Metro and nearby retail.
Property Size1,526 SF
Days on Market11
Property Features for 11700 OLD GEORGETOWN ROAD Unit 910
General Information
Standard status
Active
Size
1,526 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,791
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
1,526 SF
Year Built
2006
Listing Agency:
Wilcox & Associates Realtors
Listed By:
Bradford C Wilcox · License #535733
(301) 785-2144
Source:
Barnesrealestatecompany
Added: Sep 14
Changed: Sep 23
Last Checked: Sep 22 at 10:15PM
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
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 = 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
$25,196
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
4.03%
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%
$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
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
$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 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%
$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.
Property Analytics
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
