Ground-Level Residential Income
New
For Sale
$375,000
12705 FOUND STONE ROAD Unit 7-105, Germantown, MD 20876
Two-bedroom home with a den, private garage access, and refreshed interior finishes.
Property Size1,490 SF
Days on Market3
Property Features for 12705 FOUND STONE ROAD Unit 7-105
General Information
Standard status
Active
Size
1,490 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,083
Building Details
Building Size
1,490 SF
Year Built
1999
Listing Agency:
Samson Properties
Listed By:
Eve Rados R Marinik · License #305790
(301) 221-8867
Source:
Barnesrealestatecompany
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 3 at 2:22AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This ground-level residential income property offers two bedrooms plus a den in a home-style layout with no steps. A private garage connects directly to the kitchen, while Garage Space G-7 includes an adjoining driveway for additional parking. The interior features abundant windows, stainless steel appliances, fresh paint, updated lighting and faucets, selected luxury vinyl flooring, and new carpet in the living room, dining room, and main bedroom.
Built in 1999, the property combines a practical bedroom-and-den configuration with direct garage entry and ground-floor accessibility. The home-style arrangement and interior updates distinguish it from a conventional condo layout while retaining the convenience of a residential community setting.
Built in 1999, the property combines a practical bedroom-and-den configuration with direct garage entry and ground-floor accessibility. The home-style arrangement and interior updates distinguish it from a conventional condo layout while retaining the convenience of a residential community setting.
Key Highlights
- Two bedrooms plus a den in a ground‑level layout with no steps
- Private garage connects directly to the kitchen
- Garage Space G‑7 includes a driveway for additional parking
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
$24,602
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
6.56%
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%
$492,040
$492.0K
Cap Rate 7%
$351,457
$351.5K
Cap Rate 9%
$273,356
$273.4K
Market Conditions
NOI Build-Up for 1,490 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
$48.1K $32.28/SF
− Vacancy
−$3.4K −$2.26/SF
EGI
$44.7K $30.02/SF
− OpEx
−$20.1K −$13.51/SF
NOI
$24.6K $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 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%
$492,040
Cap Rate 7%
$351,457
Cap Rate 9%
$273,356
Alternative Uses
Best Use
Apartment 5plus
$351.5K
$307.5K – $410.0K
NOI $24,602 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$524.1K
$458.6K – $611.5K
NOI $36,690 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 20876, MD
26,034
Population
9,079
Households
2.9
Avg Household Size
37
Median Age
52%
College-Educated
88%
High-School Grad
10.9 sq mi
ZIP Area
2,388
Density / Sq Mi
$113,329
Median Household Income
$59,163
Median Earnings
$2,081
Median Rent
$456,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom home with a den, private garage access, and refreshed interior finishes.
Where is this residential income property located?
The property is located at 12705 FOUND STONE ROAD Unit 7-105 Germantown, MD.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two bedrooms plus a den in a ground‑level layout with no steps; Private garage connects directly to the kitchen; Garage Space G‑7 includes a driveway for additional parking
