11641 GLEN ROAD
About This Property
Rare opportunity to own a beautiful 5-acre property in Potomac with significant future potential. The property includes a conceptual subdivision plan prepared by an engineer showing the potential for two future 2.5-acre parcels, making it attractive for developers, builders, or buyers seeking a large private estate.
The existing farmhouse offers 3 bedrooms and 2½ bathrooms and has undergone several recent improvements. Outdoor features include a covered car porch, outdoor kitchen, fruit tree orchard, compost station, chicken coop with enclosed run, stable, and workshop, creating a charming setting for those interested in hobby farming or country-style living. A public water line is accessible along the street.
This property offers multiple possibilities: subdivide and develop two estate homes, expand or renovate the existing farmhouse, or enjoy the land as a private retreat while remaining just minutes from the amenities of Potomac and the Washington, D.C. area.
A rare combination of land, privacy, and development potential in a highly desirable location.
Agent is related to seller.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017