High-Rise Residential Income
For Sale
$645,000
930 ROSE Unit 1604, Rockville, MD 20852
Two-bedroom residence with a private balcony, garage parking, and dedicated storage.
Property Size1,231 SF
Price / SF$523.96
Days on Market197
Property Features for 930 ROSE Unit 1604
General Information
Standard status
Active
Size
1,231 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,793
Amenities
concierge service
fitness center
bike storage room
billiard room
welcoming lobby
secure storage
parking garage
24-hour security
Building Details
Building Size
1,231 SF
Year Built
2018
Listing Agency:
EXP Realty, LLC
(301) 674-8090
Listed By:
Neil W Bacchus · License #312336
(301) 674-8090
Source:
Barnesrealestatecompany
Added: Feb 6
Changed: Aug 21
Last Checked: Aug 22 at 11:08AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Located on the 16th floor of 930 Rose, this 2018 residence offers approximately 1,231 square feet with two bedrooms, two full bathrooms, and an open arrangement for living and dining. Floor-to-ceiling windows bring natural light into the interiors, while engineered wood flooring extends through the home. The kitchen includes a center island, premium cabinetry, stainless steel appliances, gas cooking, and a built-in microwave. A private balcony extends from the living area. The primary suite features a walk-in closet with built-ins and a bathroom with double vanity and glass-enclosed shower; the second bedroom is served by a full bathroom with a bathtub.
The property includes private garage parking space #50 and storage unit 42A. Building amenities include concierge service, fitness facilities, bike storage, a billiard room, lobby, secure storage, assigned parking, and 24-hour security. The building is across from The White Flint Metro and near Pike & Rose shopping, dining, and entertainment.
The property includes private garage parking space #50 and storage unit 42A. Building amenities include concierge service, fitness facilities, bike storage, a billiard room, lobby, secure storage, assigned parking, and 24-hour security. The building is across from The White Flint Metro and near Pike & Rose shopping, dining, and entertainment.
Key Highlights
- 16th‑floor residence at 930 Rose with approximately 1,231 square feet
- Built in 2018 with two bedrooms and two full bathrooms
- Private balcony and floor‑to‑ceiling windows
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
$20,325
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
3.15%
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%
$406,500
$406.5K
Cap Rate 7%
$290,357
$290.4K
Cap Rate 9%
$225,833
$225.8K
Market Conditions
NOI Build-Up for 1,231 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
$39.7K $32.28/SF
− Vacancy
−$2.8K −$2.26/SF
EGI
$37.0K $30.02/SF
− OpEx
−$16.6K −$13.51/SF
NOI
$20.3K $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%
$406,500
Cap Rate 7%
$290,357
Cap Rate 9%
$225,833
Alternative Uses
Best Use
Apartment 5plus
$290.4K
$254.1K – $338.8K
NOI $20,325 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$433.0K
$378.9K – $505.2K
NOI $30,313 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,162
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with a private balcony, garage parking, and dedicated storage.
Where is this residential income property located?
The property is located at 930 ROSE Unit 1604 Rockville, MD.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 16th‑floor residence at 930 Rose with approximately 1,231 square feet; Built in 2018 with two bedrooms and two full bathrooms; Private balcony and floor‑to‑ceiling windows
