Building Details

Building Size 1,305 SF

Year Built 2001

Listing Agency: RLAH @properties

Listed By: Bridgette M Ruttkay · License #658627 Show Phone

Source: Kerishull

Added: Sep 16 Changed: Sep 23 Last Checked: Sep 22 at 10:43PM

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Investment Insights

Based on property information with market context.

This second-floor corner residence at The Gallery at White Flint offers 1,305 square feet with two bedrooms and two full bathrooms. The interior includes a living area with a gas fireplace and access to a private balcony, an updated kitchen with white quartz countertops, stainless steel appliances, a gas range, and backsplash, plus vinyl flooring in the main living areas. The primary suite includes a walk-in closet and remodeled ensuite bathroom with a walk-in shower, while the second remodeled bathroom has a tub. An in-unit washer and dryer and assigned underground garage parking add practical convenience. The home was built in 2001 and has elevator access.

Community amenities include an outdoor pool, fitness center, courtyard, convenience store, and 24-hour staffed front desk. The property is located at 11710 Old Georgetown Road, Unit 214, in North Bethesda, Maryland, one block from the Metro station and Pike and Rose.

Key Highlights

• 1,305‑square‑foot second‑floor corner residence
• Two bedrooms and two full bathrooms
• Private balcony connected to the living area

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

$21,547

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

3.75%

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%

$430,940 $430.9K

Cap Rate 7%

$307,814 $307.8K

Cap Rate 9%

$239,411 $239.4K

Market Conditions

NOI Build-Up for 1,305 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

$42.1K $32.28/SF

− Vacancy

−$2.9K −$2.26/SF

EGI

$39.2K $30.02/SF

− OpEx

−$17.6K −$13.51/SF

NOI

$21.5K $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%

$430,940

Cap Rate 7%

$307,814

Cap Rate 9%

$239,411

Alternative Uses

Best Use

Apartment 5plus

$307.8K

$269.3K – $359.1K (±1% cap)

NOI $21,547 @ 7.0% cap · market cap 3.75%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$459.1K

$401.7K – $535.6K (±1% cap)

NOI $32,135 @ 7.0% cap · market cap 5.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

The Gallery at White Flint Condominium Complex Bethesda Realty Group Real Estate Agency Peter Kim, Bethesda ... Real Estate Agency Gallery Market & Cafe Grocery & Convenience Store Stein Harry C ... Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Fish Market Barber Shop Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Residential income property - Updated corner residence with two bedrooms, two full bathrooms, elevator access, and assigned underground garage parking.

Where is this residential income property located?

The property is located at 11710 OLD GEORGETOWN ROAD Unit 214 N Bethesda, MD.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 1,305‑square‑foot second‑floor corner residence; Two bedrooms and two full bathrooms; Private balcony connected to the living area