Office Condo with Private
New
For Sale
$289,900
10306 BALTIMORE NATIONAL PIKE Unit A, Ellicott City, MD 21042
Maintained professional suite with a meeting room, hardwood floors, and HVAC installed in 2021.
Property Size2,820 SF
Days on Market5
Property Features for 10306 BALTIMORE NATIONAL PIKE Unit A
General Information
Standard status
Active
Size
2,820 SF
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$2,389
Building Details
Building Size
2,820 SF
Year Built
1987
Listing Agency:
Giant Realty, Inc.
Listed By:
Jin Young Kim
(571) 213-9777
Source:
Thehulsmangroup
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 9:22AM
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 Giant Realty, Inc.
Investment Insights
Based on property information with market context.
This office condominium, built in 1987, provides a practical professional layout with 3 private offices, a dedicated meeting room, and 1 bathroom. Hardwood flooring extends throughout the suite, while new paint and an HVAC system installed in 2021 support the updated interior environment.
The property is located at 10306 Baltimore National Pike, Unit A, in Ellicott City, Maryland. Access to Rt. 29 and I-95 connects the office to regional commuter routes, with local shopping centers nearby. The configuration is suited to professional office operations, including medical, legal, and other professional services as identified for the property.
The property is located at 10306 Baltimore National Pike, Unit A, in Ellicott City, Maryland. Access to Rt. 29 and I-95 connects the office to regional commuter routes, with local shopping centers nearby. The configuration is suited to professional office operations, including medical, legal, and other professional services as identified for the property.
Key Highlights
- Office condominium with 3 private offices and a meeting room
- 1 bathroom and hardwood floors throughout
- HVAC system installed in 2021
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
$19,771
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
6.82%
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%
$395,420
$395.4K
Cap Rate 7%
$282,443
$282.4K
Cap Rate 9%
$219,678
$219.7K
Market Conditions
NOI Build-Up for 2,820 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
$32.1K $11.40/SF
− Vacancy
−$5.8K −$2.05/SF
EGI
$26.4K $9.35/SF
− OpEx
−$6.6K −$2.34/SF
NOI
$19.8K $7.01/SF
Area
Howard County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
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%
$395,420
Cap Rate 7%
$282,443
Cap Rate 9%
$219,678
Alternative Uses
Best Use
Office B
$282.4K
$247.1K – $329.5K
NOI $19,771 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$915.1K – $1.22M
NOI $73,206 @ 7.0% cap · market cap 25.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 21042, MD
43,147
Population
15,269
Households
2.8
Avg Household Size
43
Median Age
75%
College-Educated
98%
High-School Grad
37.0 sq mi
ZIP Area
1,166
Density / Sq Mi
$190,504
Median Household Income
$94,089
Median Earnings
$2,253
Median Rent
$674,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Maintained professional suite with a meeting room, hardwood floors, and HVAC installed in 2021.
Where is this office units located?
The property is located at 10306 BALTIMORE NATIONAL PIKE Unit A Ellicott City, MD.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Office condominium with 3 private offices and a meeting room; 1 bathroom and hardwood floors throughout; HVAC system installed in 2021
