Updated Residential Income
801 PLEASANT DRIVE Unit 80114, Rockville, MD 20850
For Sale
$415,000
Community amenities include a pool, fitness center, and shared community center.
Property Size1,212 SF
Price / SF$342.41
Days on Market169
Property Features for 801 PLEASANT DRIVE Unit 80114
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
fitness center
community center
Building Details
Building Size
Year Built
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Margaret R. Breerwood · License #520055
(301) 580-3301
Source:
Signaturemoverealestate
Added: May 24
Changed: Nov 5
Last Checked: Nov 8 at 10:19AM
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 1,212-square-foot residential property was built in 2001 and has updated interior finishes. A private storage unit and parking are also included. Residents have access to a pool, fitness center, and community center.
The property is in King Farm Village Center in Rockville, a mixed-use community. NIH, Shady Grove Road, and I-270 are nearby.
The property is in King Farm Village Center in Rockville, a mixed-use community. NIH, Shady Grove Road, and I-270 are nearby.
Key Highlights
- 1,212 square feet; built in 2001
- Updated interior finishes
- Private storage unit and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,012
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,240
$400.2K
Cap Rate 7%
$285,886
$285.9K
Cap Rate 9%
$222,356
$222.4K
Market Conditions
NOI Build-Up for 1,212 SF
Gross rent
$39.1K $32.28/SF
− Vacancy
−$2.7K −$2.26/SF
EGI
$36.4K $30.02/SF
− OpEx
−$16.4K −$13.51/SF
NOI
$20.0K $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%
$400,240
Cap Rate 7%
$285,886
Cap Rate 9%
$222,356
Alternative Uses
Best Use
Apartment 5plus
$285.9K
$250.2K – $333.5K
NOI $20,012 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$426.4K
$373.1K – $497.4K
NOI $29,845 @ 7.0% cap · market cap 7.19%
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
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 20850, MD
51,045
Population
22,468
Households
2.3
Avg Household Size
41
Median Age
67%
College-Educated
94%
High-School Grad
14.1 sq mi
ZIP Area
3,620
Density / Sq Mi
$122,691
Median Household Income
$77,679
Median Earnings
$2,277
Median Rent
$687,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Community amenities include a pool, fitness center, and shared community center.
Where is this residential income property located?
The property is located at 801 PLEASANT DRIVE Unit 80114 Rockville, MD.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 1,212 square feet; built in 2001; Updated interior finishes; Private storage unit and parking
