Renovated Residential Income
For Sale
$240,000
10534 CROSS FOX LANE Unit D-1, Columbia, MD 21044
Updated condo with a sunroom, wood-burning fireplace, assigned parking, and in-unit laundry.
Property Size976 SF
Days on Market187
Property Features for 10534 CROSS FOX LANE Unit D-1
General Information
Standard status
Active
Size
976 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,660
Amenities
sunroom
cozy wood-burning fireplace
in-unit washer
shared laundry
assigned parking
Building Details
Building Size
976 SF
Year Built
1975
Listing Agency:
Samson Properties
Listed By:
Nadia C Moreira · License #647352
(240) 744-2558
Source:
Thehulsmangroup
Added: Mar 5
Changed: Sep 1
Last Checked: Sep 8 at 12:32PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This renovated condominium offers two bedrooms, one and a half bathrooms, and a comfortable interior with a neutral finish palette. The living room includes a remodeled stone wood-burning fireplace, while an all-season sunroom adds flexible space for year-round use. The primary bedroom has a walk-in closet, and the kitchen features granite countertops and updated appliances, including a refrigerator, microwave, and stove added in 2023.
Additional improvements include a new garbage disposal, remodeled bathrooms, a replaced A/C and furnace system, new carpet installed in 2025, and electrical work completed in 2024 to upgrade aluminum wiring connections. The unit includes an in-unit washer, access to shared building laundry, and assigned parking.
The property is near The Shoppes at Wilde Lake, Columbia Town Center, The Mall in Columbia, Merriweather Post Pavilion, the Merriweather District, Johns Hopkins Howard County Medical Center, and Howard County Community College. Routes 29 and 32 provide regional access.
Additional improvements include a new garbage disposal, remodeled bathrooms, a replaced A/C and furnace system, new carpet installed in 2025, and electrical work completed in 2024 to upgrade aluminum wiring connections. The unit includes an in-unit washer, access to shared building laundry, and assigned parking.
The property is near The Shoppes at Wilde Lake, Columbia Town Center, The Mall in Columbia, Merriweather Post Pavilion, the Merriweather District, Johns Hopkins Howard County Medical Center, and Howard County Community College. Routes 29 and 32 provide regional access.
Key Highlights
- 2‑bedroom, 1.5‑bathroom condominium with renovated interiors
- All‑season sunroom and remodeled stone wood‑burning fireplace
- Kitchen appliances replaced in 2023; granite countertops and updated bathrooms
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
$12,689
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
5.29%
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%
$253,780
$253.8K
Cap Rate 7%
$181,271
$181.3K
Cap Rate 9%
$140,989
$141.0K
Market Conditions
NOI Build-Up for 976 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
$24.6K $25.20/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.1K $23.64/SF
− OpEx
−$10.4K −$10.64/SF
NOI
$12.7K $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 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%
$253,780
Cap Rate 7%
$181,271
Cap Rate 9%
$140,989
Alternative Uses
Best Use
Apartment 5plus
$181.3K
$158.6K – $211.5K
NOI $12,689 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,721 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,982
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with a sunroom, wood-burning fireplace, assigned parking, and in-unit laundry.
Where is this residential income property located?
The property is located at 10534 CROSS FOX LANE Unit D-1 Columbia, MD.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2‑bedroom, 1.5‑bathroom condominium with renovated interiors; All‑season sunroom and remodeled stone wood‑burning fireplace; Kitchen appliances replaced in 2023; granite countertops and updated bathrooms
