One-Bedroom Residential Income
For Sale
$184,800
10572 TWIN RIVERS ROAD Unit C-2, Columbia, MD 21044
One-level condo with a solarium, wood-burning fireplace, updated bath, and assigned parking near Wilde Lake Village amenities.
Property Size746 SF
Days on Market19
Property Features for 10572 TWIN RIVERS ROAD Unit C-2
General Information
Standard status
Active
Size
746 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,148
Building Details
Building Size
746 SF
Year Built
1975
Listing Agency:
RE/MAX Realty Group
Listed By:
Jeffrey M Berman · License #584429
(410) 715-3390
Source:
Thehulsmangroup
Added: Aug 21
Changed: Sep 7
Last Checked: Sep 7 at 8:50AM
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 Realty Group
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium offers one-level living with a separate dining room, enclosed solarium, and living room fireplace. The kitchen includes gas cooking, ample cabinet storage, and a built-in microwave. Luxury vinyl plank flooring extends through much of the home, while the primary bedroom features new carpeting, open-space views, and a walk-in closet. Gas heat and gas hot water serve the residence, and the bathroom has been updated.
The condo backs to open space, parkland, and mature woods in Wilde Lake Village, Columbia. Shopping and dining are available at the Shops at Wilde Lake Village, with Columbia Mall and additional village centers nearby. Community amenities in the surrounding area include pools, golf courses, lakes, parkland, walking and jogging paths, dog parks, and community centers. The property was built in 1975 and includes an assigned parking space directly in front of the entrance, along with additional spaces in front of the building.
The condo backs to open space, parkland, and mature woods in Wilde Lake Village, Columbia. Shopping and dining are available at the Shops at Wilde Lake Village, with Columbia Mall and additional village centers nearby. Community amenities in the surrounding area include pools, golf courses, lakes, parkland, walking and jogging paths, dog parks, and community centers. The property was built in 1975 and includes an assigned parking space directly in front of the entrance, along with additional spaces in front of the building.
Key Highlights
- 1‑bedroom, 1‑bath condominium with one‑level living
- Enclosed solarium and living room with a real wood‑burning fireplace
- Primary bedroom includes open‑space views and a substantial walk‑in closet
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
$9,699
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
5.25%
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%
$193,980
$194.0K
Cap Rate 7%
$138,557
$138.6K
Cap Rate 9%
$107,767
$107.8K
Market Conditions
NOI Build-Up for 746 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
$18.8K $25.20/SF
− Vacancy
−$1.2K −$1.56/SF
EGI
$17.6K $23.64/SF
− OpEx
−$7.9K −$10.64/SF
NOI
$9.7K $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%
$193,980
Cap Rate 7%
$138,557
Cap Rate 9%
$107,767
Alternative Uses
Best Use
Apartment 5plus
$138.6K
$121.2K – $161.7K
NOI $9,699 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - One-level condo with a solarium, wood-burning fireplace, updated bath, and assigned parking near Wilde Lake Village amenities.
Where is this residential income property located?
The property is located at 10572 TWIN RIVERS ROAD Unit C-2 Columbia, MD.
What is the asking price?
The asking price for this property is $184,800.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath condominium with one‑level living; Enclosed solarium and living room with a real wood‑burning fireplace; Primary bedroom includes open‑space views and a substantial walk‑in closet
