Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7217 Mainstream Way Columbia, MD 21044

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $755,000

    Specialty property available for sale on Mainstream Way.

    Lot size:
    0.05 Acres

    Property Features for 7217 Mainstream Way

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    2022

    We can help!

    Listing Contact
    Sherrell Haynie
    Source: Elliman

    Listing Agent: Sherrell Haynie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mainstream Way Specialty Property

    A specialty property is available for sale. The list price is $755,000.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store 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
    -76.8793
    Latitude
    39.2119

    Nearby Similar for Sale

    • $649,600

      Columbia Commercial Building For Sale

      Class A building in a convenient business district location.
      8850 Columbia 100 Pkwy, Columbia, MD 21045
      View Details
    • $415,000

      Columbia Townhome with Modern Updates

      End-unit townhome with new windows, updated kitchen, and finished basement.
      6341 Loring Dr, 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 Dr, Columbia, MD 21046
      View Details
    • $639,000

      Stunning Townhouse in Simpson Mill

      Meticulously updated 3-bedroom townhouse with walkout basement and modern amenities.
      6803 Green Mill Way, Columbia, MD 21044
      View Details
    • Contact for pricing
      154,375 SF

      Two-Building Office Park in Columbia

      Two-building office park with 79% occupancy in Columbia, MD.
      10630 L Little Patuxent Pkwy, Columbia, MD
      View Details
    • $319,900

      Spacious Condo with Modern Amenities

      Move-in ready condo with updated kitchen and private patio.
      11238 Crystal Run, Columbia, MD 21044
      View Details
    • $340,000

      Updated Condo in Prime Location

      Move-in ready, one-bedroom condo with modern updates and convenient amenities.
      5832 Wyndham Cir Cir, Columbia, MD 21044
      View Details
    • $235,000
      927 SF

      Spacious Condo in Columbia Town Center

      One-bedroom condo with open floor plan and private patio.
      5390 Smooth Meadow Way, Columbia, MD 21044
      View Details
    • $375,000
      1,605 SF

      Condo in Gated Community

      Beautiful condo in a vibrant, gated community near shops and restaurants.
      10742 Symphony Way, Columbia, MD 21044
      View Details
    • $185,000
      805 SF

      Charming Condo in Long Reach

      Move-in ready condo with updated kitchen and private patio.
      8727 Hayshed Ln, Columbia, MD 21045
      View Details
    • $232,000

      Charming Condo with Park Views

      Ground-level condo featuring hardwood floors, updated kitchen, and park views.
      8703 Hayshed Ln, 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 Rd, Columbia, MD 21044
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for sale on Mainstream Way.
    Where is this specialty property located?
    The property is located at 7217 Mainstream Way Columbia, MD.
    What is the asking price?
    The asking price for this property is $755,000.
    What are key features of this property?
    This property features: - Year Built: **2022 (New Construction)**; - Price: $11
    (410) 262-4102
    Request Owner's contact information
    7217 Mainstream Way Columbia, MD 21044
    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.
    7217 Mainstream Way
    Columbia, MD 21044
    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
    7217 Mainstream Way Columbia, MD 21044
    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

    We can help!
    Listing Contact
    Sherrell Haynie
    Real Estate License ID: 622370
    (410) 262-4102
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.