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    3221-3223 Corporate Ct Ellicott City, MD 21042

    For Sale
    $360,000

    Two joined condo units with long-term tenant, subject to lease.

    Building Details

    Year built
    1987

    Source: Samson Properties Agent John M Burgess

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

    Overview

    Established Spa Investment Property

    This investment property consists of two joined condo units, identified as units 3221 and 3223 Corporate Court. The sale is subject to an existing lease with a long-term tenant who has occupied the space for over 20 years under different managers. The interior layout primarily features shower rooms and small, private spa rooms, along with a kitchenette. Due to the nature of the business as a private, monitored spa, client privacy is paramount, making showings extremely difficult to arrange. Note that there are two condo fees and two tax bills associated with this property.
    Location Intelligence

    Current Use by Public Records

    Spa & wellness properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Acuherb Clinic, Invite Wellness LLC, Daniel Schrier, Soongil Park, Body Life Wellness Massage

    Location Insight

    • Map
    • Local Demand
    City
    Ellicott City
    County
    Howard
    State
    Maryland
    Longitude
    -76.8630316
    Latitude
    39.2822062

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    FAQs

    What type of property is this?
    Spa & wellness property - Two joined condo units with long-term tenant, subject to lease.
    Where is this spa & wellness property located?
    The property is located at 3221-3223 Corporate Ct Ellicott City, MD.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: - Investment property featuring two joined condo units (3221 and 3223 Corp Ct).; - Long-term tenant in place, providing immediate rental income.; - Sale is subject to the existing lease agreement.
    (202) 369-1355
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    Realmo Value Estimation

    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.

    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.

    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
    3221-3223 Corporate Ct Ellicott City, MD 21042
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