Condominium with Deeded
For Sale
$234,900
11801 ROCKVILLE PIKE Unit 802, Rockville, MD 20852
An open layout, expansive windows, and shared recreation facilities shape the resident experience.
Property Size871 SF
Price / SF$269.69
Days on Market115
Property Features for 11801 ROCKVILLE PIKE Unit 802
General Information
Standard status
Active
Size
871 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,303
Amenities
Gym
outdoor pool
tennis court
EV charging station
community room
laundry available on each level
Building Details
Building Size
871 SF
Year Built
1969
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 7
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
Set on the eighth floor, this 871-square-foot condominium has an open plan and broad windows. A deeded parking space is located in the underground garage. The 1969 building offers laundry facilities on each floor, while the condo fee includes electricity, gas, and other utilities.
Residents have access to a gym, outdoor pool, tennis court, EV charging station, and community room. White Flint Metro Station is two blocks away, and Pike and Rose’s shops and dining are across Rockville Pike. Whole Foods, Trader Joe’s, Westfield Mall, and the Aquatic Center are a short drive from the property.
Residents have access to a gym, outdoor pool, tennis court, EV charging station, and community room. White Flint Metro Station is two blocks away, and Pike and Rose’s shops and dining are across Rockville Pike. Whole Foods, Trader Joe’s, Westfield Mall, and the Aquatic Center are a short drive from the property.
Key Highlights
- 871‑square‑foot condominium on the 8th floor
- Deeded parking space in the underground garage
- Condo fee includes all utilities, including electricity and gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,381
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,620
$287.6K
Cap Rate 7%
$205,443
$205.4K
Cap Rate 9%
$159,789
$159.8K
Market Conditions
NOI Build-Up for 871 SF
Gross rent
$28.1K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$26.1K $30.02/SF
− OpEx
−$11.8K −$13.51/SF
NOI
$14.4K $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%
$287,620
Cap Rate 7%
$205,443
Cap Rate 9%
$159,789
Alternative Uses
Best Use
Apartment 5plus
$205.4K
$179.8K – $239.7K
NOI $14,381 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$306.4K
$268.1K – $357.5K
NOI $21,448 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,678
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - An open layout, expansive windows, and shared recreation facilities shape the resident experience.
Where is this residential income property located?
The property is located at 11801 ROCKVILLE PIKE Unit 802 Rockville, MD.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 871‑square‑foot condominium on the 8th floor; Deeded parking space in the underground garage; Condo fee includes all utilities, including electricity and gas
