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

    10605 STATE ROUTE 108 Columbia, MD 21044

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,000,000

    Charming country inn suitable for assisted living facility conversion.

    Type:Commercial
    Lot size:
    1.25 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 5:37 pm

    Property Features for 10605 STATE ROUTE 108

    General Information

    Standard status
    Active
    Lot size
    1.25 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Kirk J. Halpin

    Listing agent Kirk J. Halpin

    Listing office MARYLAND REAL ESTATE BROKERS

    Listing date Apr 24, 2026

    Source Elliman

    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 MARYLAND REAL ESTATE BROKERS

    Overview

    Assisted Living Conversion Opportunity

    This property presents a rare opportunity to convert a charming country inn into a thriving assisted living facility. The 1.25± acre site in Howard County features 20 private rooms, including an owner's unit and a manager's apartment. It offers large community and dining spaces, a kitchen, an office, and on-site laundry facilities. The property is fully sprinklered and represents a 16-bed Nursing Home / Residential Care Facility conversion opportunity. Public water and sewer services are available. Zoned R-12, the property provides ample parking and is conveniently located near hospitals and community amenities. The setting is quiet and scenic, characterized by high ceilings and abundant natural light. The property is offered for sale or lease. The location has a walk score of 74, indicating it is very walkable, a bike score of 52, indicating it is bikeable, and a transit score of 41, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Accounting Firm Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Howard
    State
    Maryland
    Longitude
    -76.879213
    Latitude
    39.23497

    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
    • $649,600

      Columbia Commercial Building For Sale

      Class A building in a convenient business district location.
      8850 COLUMBIA 100 Parkway, 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
    • $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?
    Assisted living facility - Charming country inn suitable for assisted living facility conversion.
    Where is this assisted living facility located?
    The property is located at 10605 STATE ROUTE 108 Columbia, MD.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Assisted living/residential care facility conversion opportunity: transform this charming country inn into a 16‑bed nursing home or residential care facility.; 20 private rooms including owner's unit and manager's apartment.; Prime location in Howard County on 1.25± acres.
    (410) 493-4994
    We can help!
    Listing Contact
    Kirk J. Halpin
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!