Assisted Living Home For
For Sale
$799,000
1701 Maydale Dr, Silver Spring, MD 20905
Fully occupied and furnished assisted living home with expansion potential.
Property Size3,584 SF
Price / SF$222.94
Days on Market350
Property Features for 1701 Maydale Dr
General Information
Standard status
Active
Size
3,584 SF
Building Details
Year Built
1961
Listing Agency:
REMAX Platinum Realty
Listed By:
Martin H Resnick · License #29767
(301) 442-6991
Source:
Belegacyre
Added: Oct 13, 2025
Changed: Sep 11
Last Checked: Sep 26 at 10:38AM
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 REMAX Platinum Realty
Investment Insights
Based on property information with market context.
This fully occupied and furnished assisted living home accommodates 5 residents and is staffed to provide 24-hour care. The services offered include meals, assistance with daily activities, and medication management. The property is certified with zero deficiencies. The property is located in a park-like setting and has the potential for expansion into an 8-bedroom assisted living home with modifications. The current owner is interested in leasing back the property for a year.
Key Highlights
- Fully occupied and furnished assisted living home with 5 residents, providing immediate income.
- Certified with zero deficiencies, indicating high operational standards.
- Potential for expansion to an 8‑bedroom assisted living home with easy modifications.
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
$59,176
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
7.41%
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%
$1,183,520
$1.2M
Cap Rate 7%
$845,371
$845.4K
Cap Rate 9%
$657,511
$657.5K
Market Conditions
NOI Build-Up for 3,584 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
$115.7K $32.28/SF
− Vacancy
−$8.1K −$2.26/SF
EGI
$107.6K $30.02/SF
− OpEx
−$48.4K −$13.51/SF
NOI
$59.2K $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%
$1,183,520
Cap Rate 7%
$845,371
Cap Rate 9%
$657,511
Alternative Uses
Best Use
Apartment 5plus
$845.4K
$739.7K – $986.3K
NOI $59,176 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,254 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20905, MD
17,700
Population
5,866
Households
3
Avg Household Size
44
Median Age
57%
College-Educated
96%
High-School Grad
11.8 sq mi
ZIP Area
1,500
Density / Sq Mi
$155,023
Median Household Income
$62,166
Median Earnings
$2,015
Median Rent
$640,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Fully occupied and furnished assisted living home with expansion potential.
Where is this assisted living facility located?
The property is located at 1701 Maydale Dr Silver Spring, MD.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully occupied and furnished assisted living home with 5 residents, providing immediate income.; Certified with zero deficiencies, indicating high operational standards.; Potential for expansion to an 8‑bedroom assisted living home with easy modifications.
