Building Details

Building Size 1,423 SF

Year Built 1999

Listing Agency: Jack Cooper Realty j***@yahoo.com Show Phone

Listed By: Jack R Cooper · License #629334 Show Phone

Source: Thehulsmangroup

Added: Jul 29 Changed: Aug 20 Last Checked: Aug 26 at 1:36PM

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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 Jack Cooper Realty

Investment Insights

Based on property information with market context.

This second-floor condominium is positioned in an elevator-served building and offers a two-bedroom, two-bath layout. The interior includes an open living arrangement with recessed lighting, crown molding, tray ceilings, and a gas fireplace opening to a private screened balcony. An eat-in kitchen provides pantry and cabinet storage along with GE and Bosch appliances. The primary suite includes a walk-in closet, double-sink vanity, and soaking tub, while the second bedroom is adjacent to the hall bathroom. A separate laundry room adds storage and includes an LG washer and dryer.

Recent updates include carpet and paint completed in July 2026, lighting and bedroom ceiling fan improvements in July 2026, a GE microwave installed in May 2025, a replacement dryer vent from Nov 2024, and a water heater replaced in Nov 2020. The community features a golf course, tennis courts, pool, splash pad, playground, and on-site EV chargers. The property is in Woodstock, MD, near shopping, dining, Rt. 29, and I-70.

Key Highlights

• Two‑bedroom, two‑bath second‑floor condominium in an elevator building
• Private screened balcony connected to the open living area
• Kitchen includes GE gas range, GE microwave, Bosch dishwasher, pantry, and cabinet storage

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

$19,402

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

5.04%

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%

$388,040 $388.0K

Cap Rate 7%

$277,171 $277.2K

Cap Rate 9%

$215,578 $215.6K

Market Conditions

NOI Build-Up for 1,423 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

$37.1K $26.04/SF

− Vacancy

−$1.8K −$1.25/SF

EGI

$35.3K $24.79/SF

− OpEx

−$15.9K −$11.16/SF

NOI

$19.4K $13.63/SF

Area

Howard County, MD

Vacancy

4.80%

Lease Rate

$26.04 /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%

$388,040

Cap Rate 7%

$277,171

Cap Rate 9%

$215,578

Alternative Uses

Best Use

Apartment 5plus

$277.2K

$242.5K – $323.4K (±1% cap)

NOI $19,402 @ 7.0% cap · market cap 5.04%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$527.7K

$461.8K – $615.7K (±1% cap)

NOI $36,941 @ 7.0% cap · market cap 9.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Building Supply Electrical Service Food Market Big Box & Wholesale Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

162

Businesses Nearby

Explore this area Business Placement

Demographics for 21163, MD

7,657

Population

2,693

Households

2.8

Avg Household Size

45

Median Age

61%

College-Educated

98%

High-School Grad

13.6 sq mi

ZIP Area

563

Density / Sq Mi

$131,154

Median Household Income

$70,903

Median Earnings

$1,370

Median Rent

$598,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - Second-floor condominium with elevator access, two bedrooms, and a screened balcony overlooking community amenities.

Where is this residential income property located?

The property is located at 2100 GANTON GRN Unit B-205 Woodstock, MD.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: Two‑bedroom, two‑bath second‑floor condominium in an elevator building; Private screened balcony connected to the open living area; Kitchen includes GE gas range, GE microwave, Bosch dishwasher, pantry, and cabinet storage