Residential Income
2921 LEISURE WORLD BOULEVARD N Unit 325, Silver Spring, MD 20906
For Sale
$185,000
Built in 1981, the property is located in Silver Spring, Maryland.
Property Size953 SF
Price / SF$194.12
Days on Market51
Property Features for 2921 LEISURE WORLD BOULEVARD N Unit 325
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Scott Gunn Real Estate Group, LLC
Listed By:
Scott Gunn · License #MD593914
(202) 207-6442
Source:
Signaturemoverealestate
Added: Sep 19
Changed: Nov 6
Last Checked: Nov 7 at 10:06AM
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 Scott Gunn Real Estate Group, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property was built in 1981 and is located at 2921 N Leisure World Boulevard in Silver Spring, Maryland.
Key Highlights
- Built in 1981
- Located at 2921 N Leisure World Boulevard in Silver Spring, Maryland
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,735
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,700
$314.7K
Cap Rate 7%
$224,786
$224.8K
Cap Rate 9%
$174,833
$174.8K
Market Conditions
NOI Build-Up for 953 SF
Gross rent
$30.8K $32.28/SF
− Vacancy
−$2.2K −$2.26/SF
EGI
$28.6K $30.02/SF
− OpEx
−$12.9K −$13.51/SF
NOI
$15.7K $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%
$314,700
Cap Rate 7%
$224,786
Cap Rate 9%
$174,833
Alternative Uses
Best Use
Apartment 5plus
$224.8K
$196.7K – $262.3K
NOI $15,735 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$335.2K
$293.3K – $391.1K
NOI $23,467 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 20906, MD
71,641
Population
27,423
Households
2.6
Avg Household Size
41
Median Age
42%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
5,641
Density / Sq Mi
$92,964
Median Household Income
$46,172
Median Earnings
$1,945
Median Rent
$440,600
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Montgomery County, MD
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1981, the property is located in Silver Spring, Maryland.
Where is this residential income property located?
The property is located at 2921 LEISURE WORLD BOULEVARD N Unit 325 Silver Spring, MD.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Built in 1981; Located at 2921 N Leisure World Boulevard in Silver Spring, Maryland
