Two-Bedroom Condominium Income
New
For Sale
$275,000
25910 RIDGE MANOR DRIVE Unit G, Damascus, MD 20872
Two-bedroom, two-bath condominium with a private balcony and views of community recreation areas.
Property Size1,198 SF
Days on Market4
Property Features for 25910 RIDGE MANOR DRIVE Unit G
General Information
Standard status
Active
Size
1,198 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,670
Amenities
private balcony
community basketball courts
walking paths
Building Details
Building Size
1,198 SF
Year Built
1998
Listing Agency:
EXP Realty, LLC
Listed By:
Jonathan S Lahey · License #605276
(301) 281-6981
Source:
Thehulsmangroup
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 2:46PM
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 residential income property is a condominium with 2 bedrooms and 2 bathrooms, offering a functional interior layout and generously sized bedrooms. A private balcony overlooks the community basketball courts and walking paths. The property was built in 1998.
The home is near Damascus Elementary School, Damascus High School, Weis Markets, J&P Pizza, and Jimmie Cone. Route 27, I-270, Germantown shopping and dining, and surrounding commuter routes are accessible from the property.
The home is near Damascus Elementary School, Damascus High School, Weis Markets, J&P Pizza, and Jimmie Cone. Route 27, I-270, Germantown shopping and dining, and surrounding commuter routes are accessible from the property.
Key Highlights
- 2‑bedroom, 2‑bathroom condominium
- Private balcony overlooking community basketball courts and walking paths
- Built in 1998
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
$19,780
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
7.19%
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%
$395,600
$395.6K
Cap Rate 7%
$282,571
$282.6K
Cap Rate 9%
$219,778
$219.8K
Market Conditions
NOI Build-Up for 1,198 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
$38.7K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$36.0K $30.02/SF
− OpEx
−$16.2K −$13.51/SF
NOI
$19.8K $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%
$395,600
Cap Rate 7%
$282,571
Cap Rate 9%
$219,778
Alternative Uses
Best Use
Apartment 5plus
$282.6K
$247.3K – $329.7K
NOI $19,780 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$421.4K
$368.8K – $491.7K
NOI $29,500 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 20872, MD
13,349
Population
4,850
Households
2.8
Avg Household Size
39
Median Age
47%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
671
Density / Sq Mi
$132,804
Median Household Income
$61,547
Median Earnings
$1,675
Median Rent
$478,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath condominium with a private balcony and views of community recreation areas.
Where is this residential income property located?
The property is located at 25910 RIDGE MANOR DRIVE Unit G Damascus, MD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom condominium; Private balcony overlooking community basketball courts and walking paths; Built in 1998
