Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5540 WATERLOO Road Columbia, MD 21045

    View on Map
    Claim this Listing
    For Sale
    $449,999

    LAND - COLUMBIA, MD

    Lot size:
    0.83 Acres
    Added:
    Apr 30, 2025
    Days on Market:
    368
    Last Refresh:
    May 2 at 7:06 pm

    Property Features for 5540 WATERLOO Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.83 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2232

    We can help!

    Listing Contact
    Jeffrey M Berman
    Jeffrey M Berman

    Listing agent Jeffrey M Berman License #584429

    Listing office RE/MAX Realty Group 10211 Wincopin Circle unit: 301, Gaithersburg, MD

    Listing date Apr 30, 2025

    MLS# MDHW2052728 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Columbia, MD

    This 0.83-acre lot is located in Columbia, Maryland, offering a canvas for a custom home. The property is situated in a peaceful area without Columbia Association fees or homeowners association restrictions. Public water, public sewer, and possibly natural gas are accessible. The lot's spaciousness, coupled with the availability of an adjoining lot, offers an expansive realm for your imagination to unfold. The location is enhanced by Blue Ribbon schools and a highly-rated community. There are no builder tie-ins, providing the flexibility to bring your preferred builder or explore a curated list of trusted professionals. This property presents an opportunity to create a residence tailored to your aspirations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Howard
    State
    Maryland
    Longitude
    -76.80926
    Latitude
    39.21825

    Nearby Similar for Sale

    • $425,000
      2,500 SF

      Two-Story Townhouse Office Condo

      Two-story office condominium suitable for medical or professional use.
      7272 CRADLEROCK Way, Columbia, MD 21045
      View Details
    • $375,000

      Columbia Office Suite for Sale

      Spacious office suite in a convenient Columbia location.
      5405 TWIN KNOLLS Rd NW 2, Columbia, MD 21045
      View Details
    • $404,550
      9,728 SF

      Office Suites in Columbia, MD

      Office suites available, ranging from 2,029 to 9,728 square feet.
      8815 CENTRE PARK Dr, Columbia, MD 21045
      View Details
    • $425,000

      Columbia Office Unit For Sale

      Office unit for sale in Columbia, Maryland.
      7274 CRADLEROCK Way, Columbia, MD 21045
      View Details
    • $425,000
      2,500 SF

      Two-Story Townhouse Office Condominium

      Two-story office condominium with split-level design, suitable for various businesses.
      7272 Cradlerock Way, COLUMBIA, MD 21045
      View Details
    • $280,000

      Office Condo Near Highways

      Convenient office condo near mall, lakefront, and major highways.
      5513 TWIN Road, COLUMBIA, MD 21045
      View Details
    • $4,000,000

      Assisted Living Conversion Opportunity

      Charming country inn suitable for assisted living facility conversion.
      10605 STATE ROUTE 108, Columbia, MD 21044
      View Details
    • $405,000
      10,500 SF

      Columbia Medical Condo For Sale

      1,450 SF condo in Columbia, MD, near Howard County Hospital.
      10806 Hickory Ridge Road, Columbia, MD 21044
      View Details
    • $1,140,000

      Renovated Office Building For Sale

      Two-story, move-in ready office building near Howard County Circuit Court.
      9254 Bendix Road, Columbia, MD 21045
      View Details
    • $2,450,000
      11,526 SF

      Columbia Office Condos For Sale

      Two office condos available in Columbia's prominent business park.
      7226 Lee Deforest Drive, Columbia, MD 21046
      View Details
    • $25

      Class A Office Building

      Prime location near Downtown Columbia and Merriweather District.
      6345 Woodside Court, Columbia, MD 21046
      View Details
    • $399,900

      Versatile Office Suite in Columbia

      Spacious office suite in a private, wooded setting.
      5405 Twin Knolls Rd Nw #2, COLUMBIA, MD 21045
      View Details

    FAQs

    What type of property is this?
    Land - Prime 0.83-acre lot in Columbia, MD, ready for development.
    Where is this land located?
    The property is located at 5540 WATERLOO Road Columbia, MD.
    What is the asking price?
    The asking price for this property is $449,999.
    What are key features of this property?
    This property features: Prime location in Columbia offering unparalleled freedom and flexibility with no Columbia Association fees or HOA restrictions.; Public water, public sewer, and possible natural gas availability simplify the building process.; No builder tie‑ins, allowing you to choose your own builder or select from a curated list.
    (410) 715-3390
    We can help!
    Listing Contact
    Jeffrey M Berman
    Jeffrey M Berman
    Real Estate License ID: 584429
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    5540 WATERLOO Road, COLUMBIA, MD 21045

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!