Two-Bedroom Residential Income
For Sale
$575,000
11710 OLD GEORGETOWN ROAD Unit 829, North Bethesda, MD 20852
An eighth-floor corner home pairs a private balcony with two underground parking spaces and shared building amenities.
Property Size1,305 SF
Price / SF$440.61
Days on Market9
Property Features for 11710 OLD GEORGETOWN ROAD Unit 829
General Information
Standard status
Active
Size
1,305 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$6,058
Building Details
Building Size
1,305 SF
Year Built
2001
Listing Agency:
Compass
Listed By:
Robin Goelman · License #680398
(301) 332-2036
Source:
Kerishull
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 28 at 4:27PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,305-square-foot corner residence sits on the eighth floor of The Gallery at White Flint, a building completed in 2001. The two-bedroom, two-bath layout includes an open living and dining area with a gas fireplace and balcony access. The kitchen has wood cabinetry, granite counters, stainless steel appliances, and storage. A primary suite includes a private bath and walk-in closet; the second bedroom is beside a full bath accessible from the hall. Updates include LVP flooring and HVAC installed in 2021, plus a water heater from 2026. A full-size washer and dryer are also included. The unit conveys with two assigned underground parking spaces.
Building amenities include 24/7 concierge service, a fitness center, outdoor pool and patio, business center, entertainment room with bar and billiards, picnic area, playground, community lounge, and Wi-Fi. The property is two blocks from the North Bethesda Metro and near Pike & Rose, grocery stores, restaurants, and shopping. I-495 and I-270 provide commuter-route access.
Building amenities include 24/7 concierge service, a fitness center, outdoor pool and patio, business center, entertainment room with bar and billiards, picnic area, playground, community lounge, and Wi-Fi. The property is two blocks from the North Bethesda Metro and near Pike & Rose, grocery stores, restaurants, and shopping. I-495 and I-270 provide commuter-route access.
Key Highlights
- 1,305‑square‑foot, two‑bedroom, two‑bath corner residence on the 8th floor
- Two assigned underground parking spaces convey with the unit
- Two blocks from the North Bethesda Metro; near Pike & Rose
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,547
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
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
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 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
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
NOI $32,135 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Residential income property - An eighth-floor corner home pairs a private balcony with two underground parking spaces and shared building amenities.
Where is this residential income property located?
The property is located at 11710 OLD GEORGETOWN ROAD Unit 829 North 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, two‑bedroom, two‑bath corner residence on the 8th floor; Two assigned underground parking spaces convey with the unit; Two blocks from the North Bethesda Metro; near Pike & Rose
