Top-Floor Residence with Oversized
For Sale
$975,000
4960 SENTINEL DRIVE Unit 10-406, Bethesda, MD 20816
Top-floor unit with a wood-burning fireplace, covered parking for two cars, and tenant occupancy through August 31.
Property Size2,170 SF
Price / SF$446.22
Days on Market48
Property Features for 4960 SENTINEL DRIVE Unit 10-406
General Information
Standard status
Active
Size
2,170 SF
Total Parking Spaces
2
Property subtype
Penthouse Unit/Flat/Apartment
Occupancy
100%
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,011
Amenities
swimming pool
tennis court
pickleball courts
exercise room
party room
Capital Crescent Trail
Building Details
Building Size
2,170 SF
Year Built
1975
Tenancy
Single
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Francis Hill Slowinski · License #601636
(301) 452-1409
Source:
Barnesrealestatecompany
Added: Jul 28
Changed: Sep 12
Last Checked: Sep 13 at 11:12AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located in Sumner Village, this top-floor residence offers 2,185 Sq Ft and a flexible layout with three bedrooms, or two bedrooms plus a den. The home includes two full baths and one half bath, along with covered parking for two cars. The table-space kitchen features abundant cabinetry and a separate pantry closet. A large dining room overlooks the expansive living room, which has a wood-burning fireplace and direct access to an oversized balcony surrounded by mature trees.
Recent improvements include a new HVAC system, three new toilets, rewired electrical outlets throughout, and recently replaced carpeting. There is also a newer washing machine and dryer in the separate utility room, plus additional storage on the lower level in Storage Room A. Built in 1975, the unit is currently tenant-occupied through August 31.
Sumner Village amenities include a large swimming pool with terrace, a tennis court, four pickleball courts, an exercise room, and a party room, with direct access to the Capital Crescent Trail. Metrobus and Ride On service provide convenient access to Metrorail and downtown Washington, and The Shops at Sumner Place are within easy walking distance.
Recent improvements include a new HVAC system, three new toilets, rewired electrical outlets throughout, and recently replaced carpeting. There is also a newer washing machine and dryer in the separate utility room, plus additional storage on the lower level in Storage Room A. Built in 1975, the unit is currently tenant-occupied through August 31.
Sumner Village amenities include a large swimming pool with terrace, a tennis court, four pickleball courts, an exercise room, and a party room, with direct access to the Capital Crescent Trail. Metrobus and Ride On service provide convenient access to Metrorail and downtown Washington, and The Shops at Sumner Place are within easy walking distance.
Key Highlights
- 2,185 Sq Ft top‑floor unit, described as the largest in Sumner Village
- Flexible floor plan: three bedrooms or two bedrooms plus a den
- Wood‑burning fireplace and direct access to an oversized balcony surrounded by mature trees
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
$36,077
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
3.70%
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%
$721,540
$721.5K
Cap Rate 7%
$515,386
$515.4K
Cap Rate 9%
$400,856
$400.9K
Market Conditions
NOI Build-Up for 2,185 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
$70.5K $32.28/SF
− Vacancy
−$4.9K −$2.26/SF
EGI
$65.6K $30.02/SF
− OpEx
−$29.5K −$13.51/SF
NOI
$36.1K $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%
$721,540
Cap Rate 7%
$515,386
Cap Rate 9%
$400,856
Alternative Uses
Best Use
Apartment 5plus
$515.4K
$451.0K – $601.3K
NOI $36,077 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$768.6K
$672.6K – $896.7K
NOI $53,804 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 20816, MD
17,035
Population
6,779
Households
2.5
Avg Household Size
45
Median Age
89%
College-Educated
98%
High-School Grad
3.6 sq mi
ZIP Area
4,732
Density / Sq Mi
$231,284
Median Household Income
$112,963
Median Earnings
$2,723
Median Rent
$1,166,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor unit with a wood-burning fireplace, covered parking for two cars, and tenant occupancy through August 31.
Where is this residential income property located?
The property is located at 4960 SENTINEL DRIVE Unit 10-406 Bethesda, MD.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,185 Sq Ft top‑floor unit, described as the largest in Sumner Village; Flexible floor plan: three bedrooms or two bedrooms plus a den; Wood‑burning fireplace and direct access to an oversized balcony surrounded by mature trees
