Residential Income Property with
For Sale
$180,000
9966 HELLINGLY PLACE Unit 176, Montgomery Village, MD 20886
Condominium features in-unit laundry, a wood-burning fireplace, and access to pool and tennis amenities.
Property Size801 SF
Days on Market75
Property Features for 9966 HELLINGLY PLACE Unit 176
General Information
Standard status
Active
Size
801 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,810
Amenities
pool
tennis courts
wood-burning fireplace
stacked washer and dryer
Building Details
Building Size
801 SF
Year Built
1984
Listing Agency:
Holton Hills Realty LLC
(949) 307-1530
Listed By:
Daniel Love · License #656001
(949) 307-1530
Source:
Thehulsmangroup
Added: Jun 19
Changed: Aug 30
Last Checked: Aug 31 at 9:22PM
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 Holton Hills Realty LLC
Investment Insights
Based on property information with market context.
This residential income property is a loft-style condominium at 9966 Hellingly Place, Unit 176, in Montgomery Village, Maryland. The interior includes an open living and dining arrangement, wood flooring, recessed lighting, and a bedroom on the entry level. A spiral stairway connects to an upper loft area that can provide additional living space. The kitchen includes an electric oven/range, refrigerator, built-in microwave, dishwasher, range hood, and pantry. A wood-burning fireplace and skylight add distinctive interior features, while a stacked washer and dryer provide in-unit laundry.
Community amenities include an outdoor pool and tennis courts. The association fee covers common-area maintenance, lawn care, and snow removal. Parking is available in the community lot. The condominium was built in 1984.
Community amenities include an outdoor pool and tennis courts. The association fee covers common-area maintenance, lawn care, and snow removal. Parking is available in the community lot. The condominium was built in 1984.
Key Highlights
- Loft‑style condominium at 9966 Hellingly Place, Unit 176, in Montgomery Village, MD 20886
- Open living and dining area with wood flooring, recessed lighting, skylight, and wood‑burning fireplace
- Entry‑level bedroom plus an upper loft area connected by spiral staircase
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
$13,225
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
7.35%
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%
$264,500
$264.5K
Cap Rate 7%
$188,929
$188.9K
Cap Rate 9%
$146,944
$146.9K
Market Conditions
NOI Build-Up for 801 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
$25.9K $32.28/SF
− Vacancy
−$1.8K −$2.26/SF
EGI
$24.0K $30.02/SF
− OpEx
−$10.8K −$13.51/SF
NOI
$13.2K $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%
$264,500
Cap Rate 7%
$188,929
Cap Rate 9%
$146,944
Alternative Uses
Best Use
Apartment 5plus
$188.9K
$165.3K – $220.4K
NOI $13,225 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$281.8K
$246.6K – $328.7K
NOI $19,724 @ 7.0% cap · market cap 10.96%
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium features in-unit laundry, a wood-burning fireplace, and access to pool and tennis amenities.
Where is this residential income property located?
The property is located at 9966 HELLINGLY PLACE Unit 176 Montgomery Village, MD.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Loft‑style condominium at 9966 Hellingly Place, Unit 176, in Montgomery Village, MD 20886; Open living and dining area with wood flooring, recessed lighting, skylight, and wood‑burning fireplace; Entry‑level bedroom plus an upper loft area connected by spiral staircase
