5904 MUNCASTER MILL ROAD
About This Property
A rare land opportunity in one of Montgomery County's most desirable natural settings. This 4.4-acre property sits just steps from Lake Needwood and Rock Creek Regional Park, surrounded by walking trails, quiet woods, and a level of privacy that's increasingly hard to find this close to the city. An existing structure on the site holds no residual value and should be considered a teardown - the true value here is the land itself.
Zoned RE2, the property is well suited for a new single-family home or, subject to Montgomery County approval, certain commercial or special-exception uses. This flexibility makes it a strong opportunity for buyers looking to build a custom residence or explore commercial development in a corridor where parcels of this size rarely come available.
The location is exceptional: directly across from Col. Zadok Magruder High School, moments from the ICC for easy access to I-270, I-95, DC, and Baltimore, and surrounded by established neighborhoods where nearby homes have traded well into the seven figures. Nearby amenities include Norbeck Country Club, Needwood Golf Course, Leisure World Shopping Center, medical offices, and multiple major hospitals.
Whether your plan is a new custom home or a commercial use, 5904 Muncaster Mill Rd offers space, setting, and a location that speaks for itself. Sold as land value - buyer to verify zoning, utilities, and permitted use with the County.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Sep 1, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Relisted | $500,000 | |
| Relisted | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jul 22, 2026 | Listed by EXP Realty, LLC | $500,000 | |
| Listed by EXP Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017