Three-Bedroom Residential
New
For Sale
$292,000
9720 LEATHERFERN TERRACE #202-236, Gaithersburg, MD 20886
Private balcony, reserved parking and in-unit laundry add everyday convenience to this condominium.
Property Size1,273 SF
Price / SF$229.38
Days on Market6
Property Features for 9720 LEATHERFERN TERRACE #202-236
General Information
Standard status
Active
Size
1,273 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Amenities
fireplace
in-unit washer and dryer
private balcony
reserved parking
Building Details
Year Built
2000
Listing Agency:
Beycome Brokerage Realty LLC
Listed By:
Craig Tribus · License #5022704
(804) 656-5007
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 6:20PM
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 Beycome Brokerage Realty LLC
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Investment Insights
Based on property information with market context.
Built in 2000, this 1,273-square-foot condominium has three bedrooms and two full bathrooms. Recent interior work includes fresh paint and replacement carpeting. The layout provides a living room with a fireplace, a distinct dining area, and a private balcony. An in-unit washer and dryer and air conditioning controls within the residence are also included.
The property is in Gaithersburg, near shopping, restaurants, the Gaithersburg Library, parks, pools, playgrounds, walking paths and other Montgomery Village amenities. I-270 is accessible from the area, and the Shady Grove Metro station is also nearby.
The property is in Gaithersburg, near shopping, restaurants, the Gaithersburg Library, parks, pools, playgrounds, walking paths and other Montgomery Village amenities. I-270 is accessible from the area, and the Shady Grove Metro station is also nearby.
Key Highlights
- Three bedrooms and two full bathrooms in approximately 1,273 sq ft
- Built in 2000
- Living room with fireplace and separate dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,019
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,380
$420.4K
Cap Rate 7%
$300,271
$300.3K
Cap Rate 9%
$233,544
$233.5K
Market Conditions
NOI Build-Up for 1,273 SF
Gross rent
$41.1K $32.28/SF
− Vacancy
−$2.9K −$2.26/SF
EGI
$38.2K $30.02/SF
− OpEx
−$17.2K −$13.51/SF
NOI
$21.0K $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%
$420,380
Cap Rate 7%
$300,271
Cap Rate 9%
$233,544
Alternative Uses
Best Use
Apartment 5plus
$300.3K
$262.7K – $350.3K
NOI $21,019 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$447.8K
$391.8K – $522.5K
NOI $31,347 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,782
Businesses Nearby
Explore this area
Business Placement
Demographics for 20886, MD
35,649
Population
13,024
Households
2.7
Avg Household Size
36
Median Age
43%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
8,695
Density / Sq Mi
$98,767
Median Household Income
$48,530
Median Earnings
$1,863
Median Rent
$366,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Private balcony, reserved parking and in-unit laundry add everyday convenience to this condominium.
Where is this residential income property located?
The property is located at 9720 LEATHERFERN TERRACE #202-236 Gaithersburg, MD.
What is the asking price?
The asking price for this property is $292,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms in approximately 1,273 sq ft; Built in 2000; Living room with fireplace and separate dining area
