Renovated Residential
For Sale
$199,000
11801 ROCKVILLE PIKE Unit 807, Rockville, MD 20852
Residents have access to a fitness center with sauna, outdoor pool, tennis courts, and concierge service.
Property Size583 SF
Price / SF$341.34
Days on Market126
Property Features for 11801 ROCKVILLE PIKE Unit 807
General Information
Standard status
Active
Size
583 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,842
Amenities
24-Hour Concierge & Front Desk Service
Updated Fitness Center with Sauna
Outdoor Swimming Pool
Tennis Courts
Ample Parking
Secure Building Access
Building Details
Building Size
583 SF
Year Built
1968
Listing Agency:
Epique Realty
Listed By:
Cheryl A Renshaw · License #662146
(410) 952-8348
Source:
Jackrealtygroup
Added: Jun 26
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This 583-square-foot condominium is on the eighth floor of a building completed in 1968. The one-bedroom, one-bath residence has updated kitchen cabinetry and appliances, wood flooring in the living area and bedroom, and a renovated bathroom. Updated lighting and natural light are additional interior features.
Building amenities include a 24-hour concierge and front desk, fitness center with sauna, outdoor swimming pool, tennis courts, secure access, and ample parking. Utilities are included in the condo fee. The property is minutes from the White Flint Metro, shopping, dining, entertainment, and major commuter routes.
Building amenities include a 24-hour concierge and front desk, fitness center with sauna, outdoor swimming pool, tennis courts, secure access, and ample parking. Utilities are included in the condo fee. The property is minutes from the White Flint Metro, shopping, dining, entertainment, and major commuter routes.
Key Highlights
- 583‑square‑foot, one‑bedroom, one‑bath condominium on the 8th floor
- Renovated kitchen and bathroom; wood flooring in the living area and bedroom
- 24‑hour concierge and front desk service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,626
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,520
$192.5K
Cap Rate 7%
$137,514
$137.5K
Cap Rate 9%
$106,956
$107.0K
Market Conditions
NOI Build-Up for 583 SF
Gross rent
$18.8K $32.28/SF
− Vacancy
−$1.3K −$2.26/SF
EGI
$17.5K $30.02/SF
− OpEx
−$7.9K −$13.51/SF
NOI
$9.6K $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%
$192,520
Cap Rate 7%
$137,514
Cap Rate 9%
$106,956
Alternative Uses
Best Use
Apartment 5plus
$137.5K
$120.3K – $160.4K
NOI $9,626 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$205.1K
$179.5K – $239.3K
NOI $14,356 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Yes
Utilities to site
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 - Residents have access to a fitness center with sauna, outdoor pool, tennis courts, and concierge service.
Where is this residential income property located?
The property is located at 11801 ROCKVILLE PIKE Unit 807 Rockville, MD.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 583‑square‑foot, one‑bedroom, one‑bath condominium on the 8th floor; Renovated kitchen and bathroom; wood flooring in the living area and bedroom; 24‑hour concierge and front desk service
