Columbia Office Unit For
For Sale
$410,000
7274 Cradlerock Way, Columbia, MD 21045
Office unit for sale in Columbia, Maryland.
Property Size1,781 SF
Price / SF$230.21
Days on Market134
Property Features for 7274 Cradlerock Way
General Information
Standard status
Active
Size
1,781 SF
Building Details
Year Built
1980
Listing Agency:
The Langert Commercial Group LLC
Listed By:
Evan Keith Langert · License #6711
(443) 529-0505
Source:
Hargreaveshomesales
Added: Apr 24
Changed: Sep 4
Last Checked: Sep 1 at 8:18PM
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 The Langert Commercial Group LLC
Investment Insights
Based on property information with market context.
The property at 7274 Cradlerock Way, Columbia, MD 21045 is an office unit available for purchase. The tenant is moving out. It is also available for lease, but only for purchase together with the adjoining unit at 7272 Cradlerock Way. The adjoining unit is currently vacant and available for lease. The price for both units is $850,000. Each unit can be leased separately. The bike score is 50, indicating it is bikeable. The walk score is 71, indicating it is very walkable. The transit score is 34, indicating some transit options are available.
Key Highlights
- Available for purchase with adjoining unit at 7272 Cradlerock Way for $850k.
- Adjoining unit (7272 Cradlerock Way) is also vacant and available for lease.
- Very Walkable location (Walk Score: 71)**.
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
$28,539
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
6.96%
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%
$570,780
$570.8K
Cap Rate 7%
$407,700
$407.7K
Cap Rate 9%
$317,100
$317.1K
Market Conditions
NOI Build-Up for 1,781 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
$45.7K $25.68/SF
− Vacancy
−$7.7K −$4.31/SF
EGI
$38.1K $21.37/SF
− OpEx
−$9.5K −$5.34/SF
NOI
$28.5K $16.02/SF
Area
Columbia, MD
Vacancy
16.80%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
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%
$570,780
Cap Rate 7%
$407,700
Cap Rate 9%
$317,100
Alternative Uses
Best Use
Office B
$407.7K
$356.7K – $475.7K
NOI $28,539 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.2K
$495.5K – $660.6K
NOI $39,636 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
Business Placement
Demographics for 21045, MD
39,321
Population
15,826
Households
2.5
Avg Household Size
38
Median Age
57%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
4,054
Density / Sq Mi
$117,323
Median Household Income
$62,522
Median Earnings
$1,768
Median Rent
$438,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office unit for sale in Columbia, Maryland.
Where is this office units located?
The property is located at 7274 Cradlerock Way Columbia, MD.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Available for purchase with adjoining unit at 7272 Cradlerock Way for $850k.; Adjoining unit (7272 Cradlerock Way) is also vacant and available for lease.; Very Walkable location (Walk Score: 71)**.
