One-Bedroom Residential Income
For Sale
$184,900
7909 CORIANDER DRIVE Unit 103, Gaithersburg, MD 20879
Garden-style apartment with assigned parking and access to shared recreational facilities and maintained community grounds.
Property Size783 SF
Days on Market8
Property Features for 7909 CORIANDER DRIVE Unit 103
General Information
Standard status
Active
Size
783 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,100
Amenities
community pool
basketball courts
tennis courts
jogging paths
playground
community center
Building Details
Building Size
783 SF
Year Built
1987
Construction
garden-style
Listing Agency:
McWilliams/Ballard Inc.
Listed By:
Brenda C Moreno · License #620111
(202) 297-7610
Source:
Thehulsmangroup
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 22 at 8:19PM
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 McWilliams/Ballard Inc.
Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bath garden-style apartment is located in the Willow Wood community in Gaithersburg, Maryland. The residence features traditional brick construction and is part of a planned community with shared recreational and social amenities.
Residents have access to a community pool, basketball and tennis courts, jogging paths, a playground, and a community center. Assigned parking is provided, while association services include lawn maintenance and snow removal. The property was built in 1987 and is located near schools.
Residents have access to a community pool, basketball and tennis courts, jogging paths, a playground, and a community center. Assigned parking is provided, while association services include lawn maintenance and snow removal. The property was built in 1987 and is located near schools.
Key Highlights
- 1‑bedroom, 1‑bath garden‑style apartment
- Located in Willow Wood at 7909 CORIANDER DRIVE Unit: 103, GAITHERSBURG, MD 20879
- Community pool, basketball court, tennis court, jogging paths, playground, and community center
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
$12,928
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
6.99%
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%
$258,560
$258.6K
Cap Rate 7%
$184,686
$184.7K
Cap Rate 9%
$143,644
$143.6K
Market Conditions
NOI Build-Up for 783 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
$25.3K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$23.5K $30.02/SF
− OpEx
−$10.6K −$13.51/SF
NOI
$12.9K $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%
$258,560
Cap Rate 7%
$184,686
Cap Rate 9%
$143,644
Alternative Uses
Best Use
Apartment 5plus
$184.7K
$161.6K – $215.5K
NOI $12,928 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$275.4K
$241.0K – $321.4K
NOI $19,281 @ 7.0% cap · market cap 10.43%
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
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 20879, MD
26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Garden-style apartment with assigned parking and access to shared recreational facilities and maintained community grounds.
Where is this residential income property located?
The property is located at 7909 CORIANDER DRIVE Unit 103 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath garden‑style apartment; Located in Willow Wood at 7909 CORIANDER DRIVE Unit: 103, GAITHERSBURG, MD 20879; Community pool, basketball court, tennis court, jogging paths, playground, and community center
