Ground-Floor Residential Income
For Sale
$350,000
9743 WINERY COURT, Gaithersburg, MD 20879
Two-bedroom condominium with single-level access, private outdoor space, attached garage, and community-maintained exterior areas.
Property Size1,343 SF
Days on Market11
Property Features for 9743 WINERY COURT
General Information
Standard status
Active
Size
1,343 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,497
Amenities
covered wraparound porch
in-unit laundry
Building Details
Building Size
1,343 SF
Year Built
2005
Listing Agency:
LPT Realty, LLC
(443) 454-5322
Listed By:
Elizabeth Keyser · License #5014961
(443) 454-5322
Source:
Thehulsmangroup
Added: Aug 11
Changed: Aug 16
Last Checked: Aug 20 at 12:16PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This 2005 residential income property is a ground-floor condominium in Meadow Ridge Villas, a 62+ community. The home offers more than 1,300 square feet with two bedrooms and two full bathrooms. Its interior arrangement connects the living room, dining area, and kitchen, while the primary bedroom includes a private bath. In-unit laundry supports convenient daily living, and the attached garage is supplemented by a reserved parking space in front of the residence.
Outdoor space includes a covered wraparound porch facing green space. The condominium fee covers lawn maintenance, snow removal, trash service, and exterior maintenance. The property is near shopping, dining, healthcare, and major commuter routes.
Outdoor space includes a covered wraparound porch facing green space. The condominium fee covers lawn maintenance, snow removal, trash service, and exterior maintenance. The property is near shopping, dining, healthcare, and major commuter routes.
Key Highlights
- Ground‑floor condominium in Meadow Ridge Villas, a 62+ community
- More than 1,300 square feet with 2 bedrooms and 2 full bathrooms
- Open connection between the living room, dining area, and kitchen
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
$22,175
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
6.34%
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%
$443,500
$443.5K
Cap Rate 7%
$316,786
$316.8K
Cap Rate 9%
$246,389
$246.4K
Market Conditions
NOI Build-Up for 1,343 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
$43.4K $32.28/SF
− Vacancy
−$3.0K −$2.26/SF
EGI
$40.3K $30.02/SF
− OpEx
−$18.1K −$13.51/SF
NOI
$22.2K $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%
$443,500
Cap Rate 7%
$316,786
Cap Rate 9%
$246,389
Alternative Uses
Best Use
Apartment 5plus
$316.8K
$277.2K – $369.6K
NOI $22,175 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$472.4K
$413.4K – $551.2K
NOI $33,071 @ 7.0% cap · market cap 9.45%
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
127
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with single-level access, private outdoor space, attached garage, and community-maintained exterior areas.
Where is this residential income property located?
The property is located at 9743 WINERY COURT Gaithersburg, MD.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Ground‑floor condominium in Meadow Ridge Villas, a 62+ community; More than 1,300 square feet with 2 bedrooms and 2 full bathrooms; Open connection between the living room, dining area, and kitchen
