Two-Bedroom Residential Income
New
For Sale
$520,000
10001 WINDSTREAM DRIVE Unit 105, Columbia, MD 21044
Residents have access to a staffed building, pool, fitness center, clubroom, and secure parking garage.
Property Size1,850 SF
Days on Market6
Property Features for 10001 WINDSTREAM DRIVE Unit 105
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,552
Amenities
door staff
clubroom
swimming pool
fitness center
secure parking garage
secure exterior doors
professional property management
private patio
Building Details
Building Size
1,850 SF
Year Built
1990
Listing Agency:
RE/MAX Advantage Realty
Listed By:
Michael P McGuire · License #598233
(410) 227-2483
Source:
Thehulsmangroup
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 6 at 12:25AM
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 RE/MAX Advantage Realty
Investment Insights
Based on property information with market context.
This first-floor residence in The Watermark has two bedrooms, each with an ensuite bath. The kitchen features cherry cabinetry and Silestone counters, with a separate dining room and family room. Both spaces connect to a private patio. The primary bedroom includes two walk-in closets, a separate dressing area, linen storage, and a walk-in shower. Interior details include 9-foot ceilings, crown molding, chair rail, plantation shutters, and a marble entry foyer.
The building provides door staff seven days a week, a clubroom, swimming pool, fitness center, secure parking garage, secured exterior doors, and professional management. Wilde Lake is accessible from the patio area. The property was built in 1990; windows were installed in 2016 and HVAC was replaced in 2018.
The building provides door staff seven days a week, a clubroom, swimming pool, fitness center, secure parking garage, secured exterior doors, and professional management. Wilde Lake is accessible from the patio area. The property was built in 1990; windows were installed in 2016 and HVAC was replaced in 2018.
Key Highlights
- Two bedrooms, each with an ensuite bath
- Private patio with access to Wilde Lake
- Primary bedroom has two walk‑in closets and a separate dressing area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,051
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,020
$481.0K
Cap Rate 7%
$343,586
$343.6K
Cap Rate 9%
$267,233
$267.2K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$46.6K $25.20/SF
− Vacancy
−$2.9K −$1.56/SF
EGI
$43.7K $23.64/SF
− OpEx
−$19.7K −$10.64/SF
NOI
$24.1K $13.00/SF
Area
Columbia, MD
Vacancy
6.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,020
Cap Rate 7%
$343,586
Cap Rate 9%
$267,233
Alternative Uses
Best Use
Apartment 5plus
$343.6K
$300.6K – $400.9K
NOI $24,051 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$588.2K
$514.6K – $686.2K
NOI $41,171 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 21044, MD
44,284
Population
19,776
Households
2.2
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
11.9 sq mi
ZIP Area
3,721
Density / Sq Mi
$132,924
Median Household Income
$69,565
Median Earnings
$2,096
Median Rent
$541,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a staffed building, pool, fitness center, clubroom, and secure parking garage.
Where is this residential income property located?
The property is located at 10001 WINDSTREAM DRIVE Unit 105 Columbia, MD.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two bedrooms, each with an ensuite bath; Private patio with access to Wilde Lake; Primary bedroom has two walk‑in closets and a separate dressing area
