Updated Residential Income
For Sale
$399,000
Pending
2111 GANTON GREEN Unit E102, Woodstock, MD 21163
Main-level condominium with two bedrooms, two full baths, private outdoor space, and secured garage parking.
Property Size1,436 SF
Days on Market15
Property Features for 2111 GANTON GREEN Unit E102
General Information
Standard status
Pending
Size
1,436 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,244
Amenities
private storage
screened-in porch
community gathering rooms
outdoor pool
gorgeous grounds
Building Details
Building Size
1,436 SF
Year Built
2000
Listing Agency:
Hyatt & Company Real Estate, LLC
(301) 520-9031
Listed By:
Rachel Podorski · License #658347
(301) 520-9031
Source:
Thehulsmangroup
Added: Aug 13
Changed: Aug 24
Last Checked: Aug 26 at 12:56PM
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 Hyatt & Company Real Estate, LLC
Investment Insights
Based on property information with market context.
This residential income condominium at 2111 Ganton Green Unit E102 in Woodstock was built in 2000 and offers a two-bedroom, two-full-bath layout on the main level. The interior includes an updated kitchen, renovated bathrooms, an open floor plan, coffered ceilings, and a screened-in porch. The primary suite features two closets, including a walk-in closet, along with an en-suite bath.
The unit is located in a secure, maintained building within Waverly Woods. Ownership includes access to an underground garage with two reserved parking spaces, additional private storage, community gathering rooms, an outdoor pool, and landscaped grounds.
The unit is located in a secure, maintained building within Waverly Woods. Ownership includes access to an underground garage with two reserved parking spaces, additional private storage, community gathering rooms, an outdoor pool, and landscaped grounds.
Key Highlights
- Two‑bedroom, two‑full‑bath main‑level condominium
- Updated kitchen and bathrooms with open floor plan
- Primary suite includes two closets and an en‑suite 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
$19,579
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
4.91%
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%
$391,580
$391.6K
Cap Rate 7%
$279,700
$279.7K
Cap Rate 9%
$217,544
$217.5K
Market Conditions
NOI Build-Up for 1,436 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
$37.4K $26.04/SF
− Vacancy
−$1.8K −$1.25/SF
EGI
$35.6K $24.79/SF
− OpEx
−$16.0K −$11.16/SF
NOI
$19.6K $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%
$391,580
Cap Rate 7%
$279,700
Cap Rate 9%
$217,544
Alternative Uses
Best Use
Apartment 5plus
$279.7K
$244.7K – $326.3K
NOI $19,579 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$532.5K
$466.0K – $621.3K
NOI $37,278 @ 7.0% cap · market cap 9.34%
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Main-level condominium with two bedrooms, two full baths, private outdoor space, and secured garage parking.
Where is this residential income property located?
The property is located at 2111 GANTON GREEN Unit E102 Woodstock, MD.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath main‑level condominium; Updated kitchen and bathrooms with open floor plan; Primary suite includes two closets and an en‑suite bath
