One-Bedroom Residential Income
For Sale
$320,000
310 HIGH GABLES DRIVE Unit 307, Gaithersburg, MD 20878
Condominium living includes elevator access, reserved parking, and shared recreation amenities.
Property Size904 SF
Price / SF$353.98
Days on Market169
Property Features for 310 HIGH GABLES DRIVE Unit 307
General Information
Standard status
Active
Size
904 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,738
Amenities
swimming pool
club house
party room
fitness center
Building Details
Building Size
904 SF
Year Built
2002
Listing Agency:
Compass
Listed By:
Philip J Kelley · License #85779
(301) 983-2428
Source:
Signaturemoverealestate
Added: May 20
Changed: Oct 31
Last Checked: Nov 3 at 8:46AM
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 Compass
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Investment Insights
Based on property information with market context.
This 904-square-foot, one-bedroom condominium is on the third floor of a building completed in 2002. The unit has one full bathroom, a living room, and a dining area that can also function as a sunroom. The kitchen features maple cabinetry, granite counters, Italian stone flooring, and LG stainless steel appliances. Additional features include hardwood flooring in the dining area, a walk-in closet and a second closet in the bedroom, and an in-unit laundry closet with a stackable washer and dryer. Elevator service and one reserved parking space are included.
Community amenities include an outdoor swimming pool, a clubhouse with a party room, and a fitness center. The property is minutes from Kentlands, Lakelands, Rio, and Crown, with shopping, restaurants, movie theaters, major roadways, and Shady Grove Metro nearby.
Community amenities include an outdoor swimming pool, a clubhouse with a party room, and a fitness center. The property is minutes from Kentlands, Lakelands, Rio, and Crown, with shopping, restaurants, movie theaters, major roadways, and Shady Grove Metro nearby.
Key Highlights
- 904‑square‑foot condominium built in 2002
- One bedroom and one full bathroom on the third floor
- Reserved parking space and elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,926
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,520
$298.5K
Cap Rate 7%
$213,229
$213.2K
Cap Rate 9%
$165,844
$165.8K
Market Conditions
NOI Build-Up for 904 SF
Gross rent
$29.2K $32.28/SF
− Vacancy
−$2.0K −$2.26/SF
EGI
$27.1K $30.02/SF
− OpEx
−$12.2K −$13.51/SF
NOI
$14.9K $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%
$298,520
Cap Rate 7%
$213,229
Cap Rate 9%
$165,844
Alternative Uses
Best Use
Apartment 5plus
$213.2K
$186.6K – $248.8K
NOI $14,926 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$318.0K
$278.3K – $371.0K
NOI $22,260 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
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Business Placement
Demographics for 20878, MD
65,990
Population
25,297
Households
2.6
Avg Household Size
40
Median Age
70%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
3,235
Density / Sq Mi
$142,062
Median Household Income
$76,026
Median Earnings
$2,188
Median Rent
$675,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium living includes elevator access, reserved parking, and shared recreation amenities.
Where is this residential income property located?
The property is located at 310 HIGH GABLES DRIVE Unit 307 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 904‑square‑foot condominium built in 2002; One bedroom and one full bathroom on the third floor; Reserved parking space and elevator access
