Renovated Residential Income
For Sale
$639,000
5801 LINDEN SQUARE COURT Unit 45, Rockville, MD 20852
Updated condominium with a flexible den, private outdoor space, attached garage, and access to community recreation amenities.
Property Size1,289 SF
Days on Market8
Property Features for 5801 LINDEN SQUARE COURT Unit 45
General Information
Standard status
Active
Size
1,289 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR+den
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,434
Amenities
seasonal pool
tennis courts
private balcony
outdoor patio
in-unit washer/dryer
Building Details
Building Size
1,289 SF
Year Built
1988
Listing Agency:
Compass
Listed By:
Christopher M Johnson · License #620785
(202) 306-0020
Source:
Barnesrealestatecompany
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 14 at 9:33AM
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 Compass
Investment Insights
Based on property information with market context.
This renovated condominium offers a one-bedroom-plus-den layout with hardwood flooring, recessed lighting, and updated finishes. The kitchen includes stainless steel appliances, granite countertops, and a separate dining area. Additional features include updated bathrooms, a full-sized in-unit washer and dryer, a private balcony, and an outdoor patio. The property also includes a one-car attached garage and guest parking.
The home is located in Rockville near downtown Bethesda, Rockville Pike, Timberlawn Park, the Bethesda Trolley Trail, major highways, and the Strathmore-Grosvenor Metro Station. Community amenities include a seasonal pool and tennis courts. Recent improvements include a new water heater and HVAC system; the property was built in 1988.
The home is located in Rockville near downtown Bethesda, Rockville Pike, Timberlawn Park, the Bethesda Trolley Trail, major highways, and the Strathmore-Grosvenor Metro Station. Community amenities include a seasonal pool and tennis courts. Recent improvements include a new water heater and HVAC system; the property was built in 1988.
Key Highlights
- Renovated one‑bedroom‑plus‑den condominium
- Kitchen with stainless steel appliances, granite countertops, and separate dining area
- Private balcony, outdoor patio, and full‑sized in‑unit washer and dryer
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
$21,283
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
3.33%
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%
$425,660
$425.7K
Cap Rate 7%
$304,043
$304.0K
Cap Rate 9%
$236,478
$236.5K
Market Conditions
NOI Build-Up for 1,289 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
$41.6K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$38.7K $30.02/SF
− OpEx
−$17.4K −$13.51/SF
NOI
$21.3K $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%
$425,660
Cap Rate 7%
$304,043
Cap Rate 9%
$236,478
Alternative Uses
Best Use
Apartment 5plus
$304.0K
$266.0K – $354.7K
NOI $21,283 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$453.4K
$396.8K – $529.0K
NOI $31,741 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 20852, MD
48,347
Population
23,023
Households
2.1
Avg Household Size
38
Median Age
74%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,969
Density / Sq Mi
$121,496
Median Household Income
$74,519
Median Earnings
$2,212
Median Rent
$646,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium with a flexible den, private outdoor space, attached garage, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 5801 LINDEN SQUARE COURT Unit 45 Rockville, MD.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Renovated one‑bedroom‑plus‑den condominium; Kitchen with stainless steel appliances, granite countertops, and separate dining area; Private balcony, outdoor patio, and full‑sized in‑unit washer and dryer
