Renovated Residential Income
For Sale
$895,000
5000 BATTERY LANE Unit 704, Bethesda, MD 20814
Updated residence includes a private terrace, secure parking, and additional storage.
Property Size1,747 SF
Days on Market105
Property Features for 5000 BATTERY LANE Unit 704
General Information
Standard status
Active
Size
1,747 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,167
Building Details
Building Size
1,747 SF
Year Built
1989
Listing Agency:
TTR Sotheby's International Realty
(202) 271-3344
Listed By:
Michael W Rankin · License #33981
(202) 271-3344
Source:
Barnesrealestatecompany
Added: May 1
Changed: Aug 9
Last Checked: Aug 12 at 3:23PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This renovated residential income property is a three-bedroom, two-and-a-half-bath residence with an open interior and expansive windows that bring in abundant natural light. Improvements include a new kitchen with modern appliances, light oak hardwood flooring throughout, and refreshed bathrooms with contemporary finishes. A private terrace extends from the living room, while one secure parking space and additional storage support everyday convenience.
The home is part of Madison Park Condominiums in Bethesda, with downtown dining, shopping, and Metro access located minutes away. Built in 1989, the residence combines a refreshed interior with established condominium community setting and practical on-site features.
The home is part of Madison Park Condominiums in Bethesda, with downtown dining, shopping, and Metro access located minutes away. Built in 1989, the residence combines a refreshed interior with established condominium community setting and practical on-site features.
Key Highlights
- Three‑bedroom, two‑and‑a‑half‑bath residence
- Renovated kitchen with new appliances and updated bathrooms
- Light oak hardwood flooring throughout
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
$28,845
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
3.22%
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%
$576,900
$576.9K
Cap Rate 7%
$412,071
$412.1K
Cap Rate 9%
$320,500
$320.5K
Market Conditions
NOI Build-Up for 1,747 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
$56.4K $32.28/SF
− Vacancy
−$3.9K −$2.26/SF
EGI
$52.4K $30.02/SF
− OpEx
−$23.6K −$13.51/SF
NOI
$28.8K $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%
$576,900
Cap Rate 7%
$412,071
Cap Rate 9%
$320,500
Alternative Uses
Best Use
Apartment 5plus
$412.1K
$360.6K – $480.8K
NOI $28,845 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$614.6K
$537.7K – $717.0K
NOI $43,019 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,708
Businesses Nearby
Explore this area
Business Placement
Demographics for 20814, MD
31,919
Population
15,388
Households
2.1
Avg Household Size
41
Median Age
84%
College-Educated
98%
High-School Grad
4.5 sq mi
ZIP Area
7,093
Density / Sq Mi
$150,401
Median Household Income
$90,050
Median Earnings
$2,329
Median Rent
$976,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated residence includes a private terrace, secure parking, and additional storage.
Where is this residential income property located?
The property is located at 5000 BATTERY LANE Unit 704 Bethesda, MD.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three‑bedroom, two‑and‑a‑half‑bath residence; Renovated kitchen with new appliances and updated bathrooms; Light oak hardwood flooring throughout
