Renovated Residential
For Sale
$465,000
5809 NICHOLSON LANE Unit 110, North Bethesda, MD 20852
The corner residence includes three ensuite bathrooms, two garage spaces, and dedicated storage.
Property Size1,332 SF
Price / SF$349.10
Days on Market37
Property Features for 5809 NICHOLSON LANE Unit 110
General Information
Standard status
Active
Size
1,332 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,110
Building Details
Building Size
1,332 SF
Year Built
1991
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Dominique D'Amico Drummond · License #662386
(215) 850-0556
Source:
Canopy-re
Added: Sep 24
Changed: Oct 27
Last Checked: Oct 26 at 11:35AM
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 Monument Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Renovated corner condominium with three bedrooms, three full bathrooms, and hardwood floors throughout. The layout includes a living and dining area, a full-size kitchen with a table area, and a corner balcony. Kitchen equipment includes a Liebherr refrigerator, induction cooktop, built-in microwave, double oven, and Bosch dishwasher. The primary suite has two walk-in closets, and all three ensuite bathrooms have been remodeled. Two side-by-side garage spaces and a dedicated storage unit are included. The building was constructed in 1991 and has on-site management and a 24/7 gatehouse. The monthly condominium fee covers Wi-Fi, cable, water, landscaping, snow removal, and building maintenance.
Building amenities include weight and fitness rooms, indoor and outdoor pools, tennis and pickleball courts, a racquetball court, and game, card, and party rooms. Whole Foods, Starbucks, CVS, Pike & Rose shops and restaurants, and the North Bethesda Metro station on the Red Line are a short distance away.
Building amenities include weight and fitness rooms, indoor and outdoor pools, tennis and pickleball courts, a racquetball court, and game, card, and party rooms. Whole Foods, Starbucks, CVS, Pike & Rose shops and restaurants, and the North Bethesda Metro station on the Red Line are a short distance away.
Key Highlights
- Three bedrooms and three full ensuite bathrooms
- Corner layout with balcony and views of mature trees
- Two side‑by‑side, full‑sized garage spaces and dedicated storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,993
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,860
$439.9K
Cap Rate 7%
$314,186
$314.2K
Cap Rate 9%
$244,367
$244.4K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$43.0K $32.28/SF
− Vacancy
−$3.0K −$2.26/SF
EGI
$40.0K $30.02/SF
− OpEx
−$18.0K −$13.51/SF
NOI
$22.0K $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%
$439,860
Cap Rate 7%
$314,186
Cap Rate 9%
$244,367
Alternative Uses
Best Use
Apartment 5plus
$314.2K
$274.9K – $366.6K
NOI $21,993 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$468.6K
$410.0K – $546.7K
NOI $32,800 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
4,770
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
Frequently Asked Questions
What type of property is this?
Residential income property - The corner residence includes three ensuite bathrooms, two garage spaces, and dedicated storage.
Where is this residential income property located?
The property is located at 5809 NICHOLSON LANE Unit 110 North Bethesda, MD.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Three bedrooms and three full ensuite bathrooms; Corner layout with balcony and views of mature trees; Two side‑by‑side, full‑sized garage spaces and dedicated storage
