First-Floor Condominium
For Sale
$220,000
200 THAMES WAY Unit 200-B, Bel Air, MD 21014
A screened porch, separate dining area, and wood-burning corner fireplace add useful interior and outdoor features.
Property Size1,000 SF
Price / SF$220
Days on Market49
Property Features for 200 THAMES WAY Unit 200-B
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,315
Amenities
Community Center
Exercise Room
Media Room
Pool
Building Details
Building Size
1,000 SF
Year Built
1990
Listing Agency:
Joan Ryder and Associates Real Estate
Listed By:
Joan A Ryder · License #-2070
(410) 893-1792
Source:
Ghimirehomes
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 27 at 4:32AM
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 Joan Ryder and Associates Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,000-square-foot condominium unit was built in 1990 and is on the first floor. Interior features include a separate dining area, a corner fireplace, and multiple storage closets. Sliding doors open to a screened porch with porcelain flooring. Replacement windows and a replacement heating and air conditioning system are installed, and entry requires only a few steps.
The unit is positioned near the front of the property, with parking and guest parking nearby. The Community Center, exercise room, media room, and pool are also close by.
The unit is positioned near the front of the property, with parking and guest parking nearby. The Community Center, exercise room, media room, and pool are also close by.
Key Highlights
- 1,000‑square‑foot, first‑floor condominium unit
- Replacement windows and heating and air conditioning system
- Screened porch with porcelain flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,391
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,820
$267.8K
Cap Rate 7%
$191,300
$191.3K
Cap Rate 9%
$148,789
$148.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$26.0K $26.04/SF
− Vacancy
−$1.7K −$1.69/SF
EGI
$24.3K $24.35/SF
− OpEx
−$11.0K −$10.96/SF
NOI
$13.4K $13.39/SF
Area
Harford County, MD
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,820
Cap Rate 7%
$191,300
Cap Rate 9%
$148,789
Alternative Uses
Best Use
Apartment 5plus
$191.3K
$167.4K – $223.2K
NOI $13,391 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.9K
$307.9K – $410.5K
NOI $24,630 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 21014, MD
38,395
Population
14,975
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$113,825
Median Household Income
$59,656
Median Earnings
$1,571
Median Rent
$407,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A screened porch, separate dining area, and wood-burning corner fireplace add useful interior and outdoor features.
Where is this residential income property located?
The property is located at 200 THAMES WAY Unit 200-B Bel Air, MD.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,000‑square‑foot, first‑floor condominium unit; Replacement windows and heating and air conditioning system; Screened porch with porcelain flooring
