Residential Income Property with
For Sale
$529,900
11750 OLD GEORGETOWN Unit 2315, North Bethesda, MD 20852
Three-bedroom condominium with dual deeded parking and an open kitchen, dining, and living arrangement.
Property Size1,532 SF
Price / SF$345.89
Days on Market138
Property Features for 11750 OLD GEORGETOWN Unit 2315
General Information
Standard status
Active
Size
1,532 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Parking per Unit
2
Additional Details
Furnished
No
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,510
Amenities
private balcony
Building Details
Building Size
1,532 SF
Year Built
1999
Listing Agency:
Real Broker, LLC - Gaithersburg
(315) 727-2597
Listed By:
William Thomas Lindsey · License #5005339
(315) 727-2597
Source:
Kerishull
Added: Apr 16
Changed: Aug 30
Last Checked: Aug 30 at 1:39PM
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 Real Broker, LLC - Gaithersburg
Investment Insights
Based on property information with market context.
This residential income property is a 1,532-square-foot condominium completed in 1999, offering three bedrooms and two bathrooms. The interior centers on an open kitchen, dining, and living area, with a private balcony overlooking a landscaped courtyard. The kitchen includes stainless steel appliances, a gas cooktop, and granite countertops. A private deeded garage on the level below the residence is paired with a second deeded space in the community garage.
The property is located at 11750 Old Georgetown in North Bethesda, Maryland. Pike & Rose is nearby with shopping, dining, and entertainment, while the White Flint/North Bethesda Metro station is within walking distance. Grocery options in the surrounding area include Wegmans, Whole Foods, Trader Joe’s, Giant, Aldi, and MOM’s Organic Market.
The property is located at 11750 Old Georgetown in North Bethesda, Maryland. Pike & Rose is nearby with shopping, dining, and entertainment, while the White Flint/North Bethesda Metro station is within walking distance. Grocery options in the surrounding area include Wegmans, Whole Foods, Trader Joe’s, Giant, Aldi, and MOM’s Organic Market.
Key Highlights
- 1,532 SF condominium with three bedrooms and two bathrooms
- Private deeded garage plus a second deeded community‑garage space
- Open‑concept kitchen, dining, and 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
$25,295
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
4.77%
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%
$505,900
$505.9K
Cap Rate 7%
$361,357
$361.4K
Cap Rate 9%
$281,056
$281.1K
Market Conditions
NOI Build-Up for 1,532 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
$49.5K $32.28/SF
− Vacancy
−$3.5K −$2.26/SF
EGI
$46.0K $30.02/SF
− OpEx
−$20.7K −$13.51/SF
NOI
$25.3K $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%
$505,900
Cap Rate 7%
$361,357
Cap Rate 9%
$281,056
Alternative Uses
Best Use
Apartment 5plus
$361.4K
$316.2K – $421.6K
NOI $25,295 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$538.9K
$471.6K – $628.8K
NOI $37,725 @ 7.0% cap · market cap 7.12%
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with dual deeded parking and an open kitchen, dining, and living arrangement.
Where is this residential income property located?
The property is located at 11750 OLD GEORGETOWN Unit 2315 North Bethesda, MD.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 1,532 SF condominium with three bedrooms and two bathrooms; Private deeded garage plus a second deeded community‑garage space; Open‑concept kitchen, dining, and living area
