Residential Income Property with Rooftop
For Sale
$650,000
7710 WOODMONT AVENUE Unit 204, Bethesda, MD 20814
Unit 811 features two bedrooms, two baths, and a rooftop terrace with grilling stations in Lionsgate Bethesda.
Property Size1,137 SF
Days on Market70
Property Features for 7710 WOODMONT AVENUE Unit 204
General Information
Standard status
Active
Size
1,137 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
2
Additional Details
Asking Price
$1,040,000
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,743
Amenities
24-hour concierge
doorman
valet parking
fitness center
library
party room
rooftop terrace
grilling stations
lounge areas
washer and dryer
Building Details
Building Size
1,137 SF
Year Built
2008
Listing Agency:
RLAH @properties
Listed By:
Barrie L Kydd · License #647083
(301) 325-4040
Source:
Barnesrealestatecompany
Added: Jul 8
Changed: Sep 3
Last Checked: Sep 14 at 10:27AM
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 RLAH @properties
Investment Insights
Based on property information with market context.
Residence 811 at Lionsgate Bethesda is a residential income property built in 2008, offering an open layout designed for everyday living and entertaining. The home includes two bedrooms with walk-in closets, two baths, and hardwood floors throughout. The gourmet kitchen features upgraded countertops, custom cabinetry, and Viking appliances, and a washer and dryer are included. Lionsgate amenities include 24-hour concierge service, a doorman, valet parking, a fitness center, a library, and a party room. The rooftop terrace offers lounge areas and grilling stations, and the residence includes two separately deeded parking spaces. The seller is willing to include the furniture, and owner-paid electric is noted while the monthly condo fee covers the remainder.
The residence is located at 7710 Woodmont Avenue Unit 811 in Bethesda, just two blocks from the Metro, with nearby dining, shopping, and attractions. The home’s expansive windows are described as providing unobstructed downtown views with natural light.
The residence is located at 7710 Woodmont Avenue Unit 811 in Bethesda, just two blocks from the Metro, with nearby dining, shopping, and attractions. The home’s expansive windows are described as providing unobstructed downtown views with natural light.
Key Highlights
- Residence 811 at Lionsgate Bethesda built in 2008
- Two bedrooms with walk‑in closets and two baths
- Hardwood floors and open layout with panoramic downtown views
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
$18,773
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
2.89%
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%
$375,460
$375.5K
Cap Rate 7%
$268,186
$268.2K
Cap Rate 9%
$208,589
$208.6K
Market Conditions
NOI Build-Up for 1,137 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
$36.7K $32.28/SF
− Vacancy
−$2.6K −$2.26/SF
EGI
$34.1K $30.02/SF
− OpEx
−$15.4K −$13.51/SF
NOI
$18.8K $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%
$375,460
Cap Rate 7%
$268,186
Cap Rate 9%
$208,589
Alternative Uses
Best Use
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,773 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$400.0K
$350.0K – $466.6K
NOI $27,998 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,345
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Unit 811 features two bedrooms, two baths, and a rooftop terrace with grilling stations in Lionsgate Bethesda.
Where is this residential income property located?
The property is located at 7710 WOODMONT AVENUE Unit 204 Bethesda, MD.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Residence 811 at Lionsgate Bethesda built in 2008; Two bedrooms with walk‑in closets and two baths; Hardwood floors and open layout with panoramic downtown views
