New Townhome Near
For Sale
$1,827,600
Pending
4910 STRATHMORE Ave NAVARRO 74, Kensington, MD 20895
Under construction townhome near Grosvenor Strathmore Metro. Spring 2026 move-in.
Property Size3,470 SF
Lot Size0.02 Acres
Days on Market266
Property Features for 4910 STRATHMORE Ave NAVARRO 74
General Information
Standard status
Pending
Size
3,470 SF
Lot size
0.02 Acres
Property subtype
Other
Building Details
Building Size
3,470 SF
Year Built
2025
Listing Agency:
(703) 489-0662
Listed By:
Preston E Innerst Jr. · License #PB98378829
(703) 489-0662
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 21 at 8:03AM
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 Preston E Innerst Jr.
Investment Insights
Based on property information with market context.
This new neighborhood of 108 townhomes is situated moments from the Grosvenor Strathmore Metro, the Music Center at Strathmore, Rock Creek Park, downtown Kensington, and Pike & Rose. The Navarro model is a 4-level brownstone with over 3,400 square feet, a rooftop terrace, and a rear yard. Homesite 74 is currently under construction with an anticipated move-in date in Spring 2026. The home includes an elevator and numerous upgrades, featuring a geothermal heating and cooling system.
Key Highlights
- Prime Location: Moments from Grosvenor Strathmore Metro, Music Center at Strathmore, Rock Creek Park, downtown Kensington, and Pike & Rose.
- Spacious 4‑Level Brownstone: Over 3,400 SqFt with a rooftop terrace and rear yard.
- Elevator Included: Adds convenience and accessibility throughout the home.
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
$57,294
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
3.13%
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%
$1,145,880
$1.1M
Cap Rate 7%
$818,486
$818.5K
Cap Rate 9%
$636,600
$636.6K
Market Conditions
NOI Build-Up for 3,470 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
$112.0K $32.28/SF
− Vacancy
−$7.8K −$2.26/SF
EGI
$104.2K $30.02/SF
− OpEx
−$46.9K −$13.51/SF
NOI
$57.3K $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%
$1,145,880
Cap Rate 7%
$818,486
Cap Rate 9%
$636,600
Alternative Uses
Best Use
Apartment 5plus
$818.5K
$716.2K – $954.9K
NOI $57,294 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,447 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 20895, MD
19,753
Population
7,316
Households
2.7
Avg Household Size
42
Median Age
74%
College-Educated
97%
High-School Grad
4.1 sq mi
ZIP Area
4,818
Density / Sq Mi
$169,527
Median Household Income
$88,513
Median Earnings
$2,075
Median Rent
$744,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Under construction townhome near Grosvenor Strathmore Metro. Spring 2026 move-in.
Where is this apartment building located?
The property is located at 4910 STRATHMORE Ave NAVARRO 74 Kensington, MD.
What is the asking price?
The asking price for this property is $1,827,600.
What are key features of this property?
This property features: Prime Location: Moments from Grosvenor Strathmore Metro, Music Center at Strathmore, Rock Creek Park, downtown Kensington, and Pike & Rose.; Spacious 4‑Level Brownstone: Over 3,400 SqFt with a rooftop terrace and rear yard.; Elevator Included: Adds convenience and accessibility throughout the home.
