Ground-Level
311 HIGH GABLES DRIVE Unit 101, Gaithersburg, MD 20878
For Sale
$399,900
Residents have access to a pool, clubhouse, and fitness center.
Property Size1,446 SF
Price / SF$276.56
Days on Market165
Property Features for 311 HIGH GABLES DRIVE Unit 101
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
clubhouse
fitness center
in-unit washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Realty Advantage of Maryland LLC
Listed By:
Johnny A Diaz · License #613216
(240) 498-8690
Source:
Signaturemoverealestate
Added: May 28
Changed: Nov 7
Last Checked: Nov 7 at 2:31PM
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 Realty Advantage of Maryland LLC
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Investment Insights
Based on property information with market context.
This 1,446-square-foot, ground-level condominium was built in 2002 and includes two bedrooms, two full bathrooms, and a den. The kitchen has stainless steel appliances, cabinetry, and a breakfast bar. The primary bedroom has two closets and an en-suite bathroom with double vanities and a glass-enclosed shower. An in-unit washer and dryer, assigned parking, and additional storage are also included. The residence has carpet with hardwood flooring underneath, and the second bedroom is served by a separate full bathroom.
Community amenities include a pool, clubhouse, and fitness center. The property is described as minutes from Metro, ICC, I-270, Downtown Crown, Kentlands shopping and dining, parks, and entertainment.
Community amenities include a pool, clubhouse, and fitness center. The property is described as minutes from Metro, ICC, I-270, Downtown Crown, Kentlands shopping and dining, parks, and entertainment.
Key Highlights
- 1,446‑square‑foot residence with two bedrooms, two full bathrooms, and a den
- Ground‑level unit with assigned parking and additional storage
- In‑unit full‑sized washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,875
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,500
$477.5K
Cap Rate 7%
$341,071
$341.1K
Cap Rate 9%
$265,278
$265.3K
Market Conditions
NOI Build-Up for 1,446 SF
Gross rent
$46.7K $32.28/SF
− Vacancy
−$3.3K −$2.26/SF
EGI
$43.4K $30.02/SF
− OpEx
−$19.5K −$13.51/SF
NOI
$23.9K $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%
$477,500
Cap Rate 7%
$341,071
Cap Rate 9%
$265,278
Alternative Uses
Best Use
Apartment 5plus
$341.1K
$298.4K – $397.9K
NOI $23,875 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$508.7K
$445.1K – $593.5K
NOI $35,607 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
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
$675,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Residents have access to a pool, clubhouse, and fitness center.
Where is this residential income property located?
The property is located at 311 HIGH GABLES DRIVE Unit 101 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,446‑square‑foot residence with two bedrooms, two full bathrooms, and a den; Ground‑level unit with assigned parking and additional storage; In‑unit full‑sized washer and dryer
