Updated Residential Income
New
For Sale
$314,900
18107 ROLLING MEADOW WAY Unit 246, Olney, MD 20832
Contemporary condo townhome with a split-bedroom layout, private balcony, and updated interior finishes.
Property Size898 SF
Days on Market6
Property Features for 18107 ROLLING MEADOW WAY Unit 246
General Information
Standard status
Active
Size
898 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,686
Amenities
private balcony
fireplace
walk-in closet
washer and dryer
Building Details
Building Size
898 SF
Year Built
1987
Listing Agency:
EXP Realty, LLC
Listed By:
Bonnie J Sanger · License #300884
(301) 785-7836
Source:
Thehulsmangroup
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 22 at 11:26PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This contemporary Exeter model condo townhome features an open layout with vaulted ceilings, abundant natural light, and luxury vinyl flooring in the living room. The eat-in kitchen includes a dedicated breakfast area, while a fireplace adds a defined gathering space. A split-bedroom arrangement separates the upper-level primary suite from the second bedroom on the main level. The primary suite offers a walk-in closet and an updated en-suite bath with tile flooring and a modern vanity. The additional full bath serves the second bedroom and common areas, and a washer and dryer are included.
Outdoor living extends to a private balcony. The interior has been freshly painted, and the home includes updated finishes and a maintained presentation. Built in 1987, the property also provides flexibility for a guest room, family use, or home office through its main-level second bedroom.
Outdoor living extends to a private balcony. The interior has been freshly painted, and the home includes updated finishes and a maintained presentation. Built in 1987, the property also provides flexibility for a guest room, family use, or home office through its main-level second bedroom.
Key Highlights
- Contemporary Exeter model condo townhome
- Open interior with vaulted ceilings and abundant natural light
- Split‑bedroom design with upper‑level primary suite
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
$14,827
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
4.71%
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%
$296,540
$296.5K
Cap Rate 7%
$211,814
$211.8K
Cap Rate 9%
$164,744
$164.7K
Market Conditions
NOI Build-Up for 898 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
$29.0K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$27.0K $30.02/SF
− OpEx
−$12.1K −$13.51/SF
NOI
$14.8K $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%
$296,540
Cap Rate 7%
$211,814
Cap Rate 9%
$164,744
Alternative Uses
Best Use
Apartment 5plus
$211.8K
$185.3K – $247.1K
NOI $14,827 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$315.9K
$276.4K – $368.6K
NOI $22,113 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 20832, MD
25,969
Population
8,581
Households
3
Avg Household Size
43
Median Age
64%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
2,705
Density / Sq Mi
$166,892
Median Household Income
$72,309
Median Earnings
$2,429
Median Rent
$601,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary condo townhome with a split-bedroom layout, private balcony, and updated interior finishes.
Where is this residential income property located?
The property is located at 18107 ROLLING MEADOW WAY Unit 246 Olney, MD.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Contemporary Exeter model condo townhome; Open interior with vaulted ceilings and abundant natural light; Split‑bedroom design with upper‑level primary suite
