Ground-Level Residential Income
New
For Sale
$205,000
200 SPRING MAIDEN COURT Unit 101, Glen Burnie, MD 21060
Updated condo with an open layout, private patio, in-unit laundry, and access to community amenities.
Property Size853 SF
Days on Market3
Property Features for 200 SPRING MAIDEN COURT Unit 101
General Information
Standard status
Active
Size
853 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,330
Amenities
pool
walking paths
private patio
in-unit laundry
Building Details
Building Size
853 SF
Year Built
1999
Listing Agency:
Keller Williams Flagship
(443) 694-6921
Listed By:
Abhay Chaudhari · License #5003272
(443) 694-6921
Source:
Thehulsmangroup
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 5:36AM
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 Keller Williams Flagship
Investment Insights
Based on property information with market context.
This ground-level residential income property is a two-bedroom, two-bath condominium built in 1999. The interior includes an open living area, vinyl plank flooring, a kitchen with refreshed finishes, and a dining space connected to the main living area. The primary suite has a walk-in closet and private bath, while the second bedroom can serve as guest accommodation or office space. A private patio, in-unit laundry, and assigned parking add practical features.
The community includes a pool, walking paths, and maintained grounds. The property is located at 200 Spring Maiden Court in Glen Burnie, near shopping, dining, grocery stores, Starbucks, BWI Airport, and major commuter routes.
The community includes a pool, walking paths, and maintained grounds. The property is located at 200 Spring Maiden Court in Glen Burnie, near shopping, dining, grocery stores, Starbucks, BWI Airport, and major commuter routes.
Key Highlights
- Ground‑level two‑bedroom, two‑bath condominium
- Built in 1999 with vinyl plank flooring and refreshed kitchen finishes
- Primary suite includes a walk‑in closet and private bath
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
$11,512
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
5.62%
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%
$230,240
$230.2K
Cap Rate 7%
$164,457
$164.5K
Cap Rate 9%
$127,911
$127.9K
Market Conditions
NOI Build-Up for 853 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
$22.3K $26.16/SF
− Vacancy
−$1.4K −$1.62/SF
EGI
$20.9K $24.54/SF
− OpEx
−$9.4K −$11.04/SF
NOI
$11.5K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /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%
$230,240
Cap Rate 7%
$164,457
Cap Rate 9%
$127,911
Alternative Uses
Best Use
Apartment 5plus
$164.5K
$143.9K – $191.9K
NOI $11,512 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.5K
$218.3K – $291.1K
NOI $17,467 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Demographics for 21060, MD
38,269
Population
15,988
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
2,944
Density / Sq Mi
$99,739
Median Household Income
$57,005
Median Earnings
$1,620
Median Rent
$352,800
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 - Updated condo with an open layout, private patio, in-unit laundry, and access to community amenities.
Where is this residential income property located?
The property is located at 200 SPRING MAIDEN COURT Unit 101 Glen Burnie, MD.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Ground‑level two‑bedroom, two‑bath condominium; Built in 1999 with vinyl plank flooring and refreshed kitchen finishes; Primary suite includes a walk‑in closet and private bath
