Residential Income Property with
510 DIAMONDBACK DRIVE Unit 370, Gaithersburg, MD 20878
For Sale
New
$549,099
A 2019-built residence offers two bedrooms, two bathrooms, a den, and assigned parking.
Property Size1,000 SF
Price / SF$549.10
Days on Market4
Property Features for 510 DIAMONDBACK DRIVE Unit 370
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
tennis courts
community center
BBQ grill area
balcony
Building Details
Building Size
Year Built
Construction
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Nancy Hedayat · License #665248
(301) 580-1133
Source:
Kerishull
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 8 at 2:43PM
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.
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Investment Insights
Based on property information with market context.
This 1,000-square-foot residence in Crown Farm was built in 2019 and has a brick exterior. The floor plan includes two bedrooms, two bathrooms, and a den or office. A private balcony extends the living space, and parking includes one assigned space in a secure garage and another assigned space behind the building.
Community amenities include tennis courts, a community center, landscaped common areas, sidewalks, streetlights, and a BBQ area. Shops and restaurants, including Harris Teeter, are nearby, with access to Rio, I-270, and the ICC.
Community amenities include tennis courts, a community center, landscaped common areas, sidewalks, streetlights, and a BBQ area. Shops and restaurants, including Harris Teeter, are nearby, with access to Rio, I-270, and the ICC.
Key Highlights
- 1,000‑square‑foot residence with two bedrooms, two bathrooms, and a den or office
- Built in 2019 with a brick exterior and private balcony
- One assigned space in a secure garage plus an outdoor assigned space behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,511
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,220
$330.2K
Cap Rate 7%
$235,871
$235.9K
Cap Rate 9%
$183,456
$183.5K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$32.3K $32.28/SF
− Vacancy
−$2.3K −$2.26/SF
EGI
$30.0K $30.02/SF
− OpEx
−$13.5K −$13.51/SF
NOI
$16.5K $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%
$330,220
Cap Rate 7%
$235,871
Cap Rate 9%
$183,456
Alternative Uses
Best Use
Apartment 5plus
$235.9K
$206.4K – $275.2K
NOI $16,511 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$351.8K
$307.8K – $410.4K
NOI $24,624 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
504
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
$675,200
Median Home Value
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Market
Average Price Trend$/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 - A 2019-built residence offers two bedrooms, two bathrooms, a den, and assigned parking.
Where is this residential income property located?
The property is located at 510 DIAMONDBACK DRIVE Unit 370 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $549,099.
What are key features of this property?
This property features: 1,000‑square‑foot residence with two bedrooms, two bathrooms, and a den or office; Built in 2019 with a brick exterior and private balcony; One assigned space in a secure garage plus an outdoor assigned space behind the building
