Updated Two-Bedroom
For Sale
$185,000
9836 HELLINGLY PLACE Unit 106, Montgomery Village, MD 20886
Open living space includes a fireplace, private balcony, and in-unit laundry.
Property Size847 SF
Days on Market157
Property Features for 9836 HELLINGLY PLACE Unit 106
General Information
Standard status
Active
Size
847 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,001
Amenities
pool
tennis courts
parking
in-unit washer/dryer
fireplace
private balcony
Building Details
Building Size
847 SF
Year Built
1983
Listing Agency:
YAMO Premier Properties LLC
(571) 217-1711
Listed By:
Erica Brooke Green
(571) 217-1711
Source:
Thehulsmangroup
Added: Mar 19
Changed: Aug 21
Last Checked: Aug 21 at 11:59AM
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 YAMO Premier Properties LLC
Investment Insights
Based on property information with market context.
This two-bedroom, one-bath condominium was built in 1983 and features an open interior arrangement with a living area centered around a fireplace. The kitchen has been updated and connects directly with the main living space. A private balcony adds outdoor space, while in-unit laundry, bedroom storage, and ample closet capacity support daily use.
Residents have access to a community pool and tennis courts, along with plentiful parking. The property is near shopping, dining, and major commuter routes in Montgomery Village, providing convenient access to everyday services and regional travel.
Residents have access to a community pool and tennis courts, along with plentiful parking. The property is near shopping, dining, and major commuter routes in Montgomery Village, providing convenient access to everyday services and regional travel.
Key Highlights
- Two‑bedroom, one‑bath condominium built in 1983
- Updated kitchen connected to the main living area
- Private balcony and fireplace
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
$13,985
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
7.56%
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%
$279,700
$279.7K
Cap Rate 7%
$199,786
$199.8K
Cap Rate 9%
$155,389
$155.4K
Market Conditions
NOI Build-Up for 847 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
$27.3K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.4K $30.02/SF
− OpEx
−$11.4K −$13.51/SF
NOI
$14.0K $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 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%
$279,700
Cap Rate 7%
$199,786
Cap Rate 9%
$155,389
Alternative Uses
Best Use
Apartment 5plus
$199.8K
$174.8K – $233.1K
NOI $13,985 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$298.0K
$260.7K – $347.6K
NOI $20,857 @ 7.0% cap · market cap 11.27%
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
1,433
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Open living space includes a fireplace, private balcony, and in-unit laundry.
Where is this residential income property located?
The property is located at 9836 HELLINGLY PLACE Unit 106 Montgomery Village, MD.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium built in 1983; Updated kitchen connected to the main living area; Private balcony and fireplace
