Top-Floor Condominium with Screened
For Sale
$389,000
2111 GANTON GRN Unit E308, Woodstock, MD 21163
Open-concept living areas connect to an eat-in kitchen and screened porch with golf-course and pond views.
Property Size1,331 SF
Days on Market14
Property Features for 2111 GANTON GRN Unit E308
General Information
Standard status
Active
Size
1,331 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,757
Amenities
screened-in porch
in-unit laundry
outdoor pool
fitness center
Building Details
Building Size
1,331 SF
Year Built
2000
Construction
garden-style
Listing Agency:
Realty 1 Maryland, LLC
Listed By:
Un H McAdory · License #610467
(410) 300-8643
Source:
Thehulsmangroup
Added: Sep 11
Changed: Sep 15
Last Checked: Sep 22 at 9:29PM
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 Realty 1 Maryland, LLC
Investment Insights
Based on property information with market context.
Built in 2000, this top-floor garden-style condominium in Woodstock, Maryland, offers two bedrooms and two full bathrooms. The residence features luxury vinyl flooring across the main living areas, along with an open layout that combines the living and dining spaces. An eat-in kitchen provides a defined area for casual meals, while the screened porch extends the living space outdoors with views toward the golf course and pond.
The primary suite includes custom closets and a private attached bathroom. Full-sized laundry is located within the unit, and the property includes an assigned parking space in a secure underground garage. Community amenities include an outdoor pool and fitness center. The condominium is situated in Howard County near shopping, dining, and major commuter highways.
The primary suite includes custom closets and a private attached bathroom. Full-sized laundry is located within the unit, and the property includes an assigned parking space in a secure underground garage. Community amenities include an outdoor pool and fitness center. The condominium is situated in Howard County near shopping, dining, and major commuter highways.
Key Highlights
- Two‑bedroom, two‑full‑bathroom top‑floor condominium
- Screened porch overlooks the golf course and pond
- Luxury vinyl flooring throughout the main living areas
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
$18,148
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
4.67%
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%
$362,960
$363.0K
Cap Rate 7%
$259,257
$259.3K
Cap Rate 9%
$201,644
$201.6K
Market Conditions
NOI Build-Up for 1,331 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
$34.7K $26.04/SF
− Vacancy
−$1.7K −$1.25/SF
EGI
$33.0K $24.79/SF
− OpEx
−$14.8K −$11.16/SF
NOI
$18.1K $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%
$362,960
Cap Rate 7%
$259,257
Cap Rate 9%
$201,644
Alternative Uses
Best Use
Apartment 5plus
$259.3K
$226.9K – $302.5K
NOI $18,148 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.6K
$431.9K – $575.9K
NOI $34,552 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept living areas connect to an eat-in kitchen and screened porch with golf-course and pond views.
Where is this residential income property located?
The property is located at 2111 GANTON GRN Unit E308 Woodstock, MD.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bathroom top‑floor condominium; Screened porch overlooks the golf course and pond; Luxury vinyl flooring throughout the main living areas
