Upgraded Residential Income
For Sale
$659,000
13210 PETREL STREET Unit 3307, Clarksburg, MD 20871
Three-bedroom residence with a private balcony, extended garage, extensive storage, and upgraded kitchen and bath finishes.
Property Size2,031 SF
Days on Market46
Property Features for 13210 PETREL STREET Unit 3307
General Information
Standard status
Active
Size
2,031 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Road Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,886
Building Details
Building Size
2,031 SF
Year Built
2024
Listing Agency:
RLAH @properties
(301) 370-2305
Listed By:
Larry B Prigal · License #514918
(301) 370-2305
Source:
Barnesrealestatecompany
Added: Jul 17
Changed: Aug 29
Last Checked: Aug 30 at 10:35PM
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 RLAH @properties
Investment Insights
Based on property information with market context.
Built in 2024, this three-bedroom residence combines a spacious interior with substantial storage and a low-maintenance condominium setting. The kitchen includes white shaker cabinetry, quartz countertops, a subway tile backsplash, an electric range, built-in microwave, dishwasher, and side-by-side refrigerator. A large peninsula provides seating and workspace, while the walk-in pantry adds storage. The living room features recessed lighting, a ceiling fan, an electric fireplace with tiled surround, and glass doors opening to a private balcony. The primary suite includes a walk-in closet and a bath with double vanity, walk-in shower, built-in seat, and dual linen closets. Two additional bedrooms have walk-in closets and oversized windows.
Additional features include a 300 cubic foot first-floor storage room with custom shelving, an extended garage, remote-controlled shades on all 11 windows, upgraded flooring, and an elevated washer and dryer. The home is located within the Cabin Branch Village 55+ community and offers views toward Black Hill Regional Park.
Additional features include a 300 cubic foot first-floor storage room with custom shelving, an extended garage, remote-controlled shades on all 11 windows, upgraded flooring, and an elevated washer and dryer. The home is located within the Cabin Branch Village 55+ community and offers views toward Black Hill Regional Park.
Key Highlights
- 2024‑built, three‑bedroom residence in Cabin Branch Village 55+ community
- 300 cubic foot first‑floor storage room with custom shelving
- Extended garage and private balcony
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
$33,534
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
5.09%
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%
$670,680
$670.7K
Cap Rate 7%
$479,057
$479.1K
Cap Rate 9%
$372,600
$372.6K
Market Conditions
NOI Build-Up for 2,031 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
$65.6K $32.28/SF
− Vacancy
−$4.6K −$2.26/SF
EGI
$61.0K $30.02/SF
− OpEx
−$27.4K −$13.51/SF
NOI
$33.5K $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%
$670,680
Cap Rate 7%
$479,057
Cap Rate 9%
$372,600
Alternative Uses
Best Use
Apartment 5plus
$479.1K
$419.2K – $558.9K
NOI $33,534 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$714.5K
$625.2K – $833.5K
NOI $50,012 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 20871, MD
28,557
Population
8,915
Households
3.2
Avg Household Size
36
Median Age
68%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
1,247
Density / Sq Mi
$177,120
Median Household Income
$81,360
Median Earnings
$2,312
Median Rent
$628,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with a private balcony, extended garage, extensive storage, and upgraded kitchen and bath finishes.
Where is this residential income property located?
The property is located at 13210 PETREL STREET Unit 3307 Clarksburg, MD.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 2024‑built, three‑bedroom residence in Cabin Branch Village 55+ community; 300 cubic foot first‑floor storage room with custom shelving; Extended garage and private balcony
