Updated Residential Income Property
New
For Sale
$400,000
2120 GANTON GREEN Unit D-103, Woodstock, MD 21163
Main-level corner residence with two bedrooms, two baths, renovated finishes, and access to extensive community amenities.
Property Size1,423 SF
Days on Market6
Property Features for 2120 GANTON GREEN Unit D-103
General Information
Standard status
Active
Size
1,423 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,919
Amenities
clubhouse
community center
fitness center
outdoor pool
tennis courts
playgrounds
gas fireplace
screened-in balcony
secure ground-level storage unit
handicap-accessible parking
reverse osmosis water filtration system
Building Details
Building Size
1,423 SF
Year Built
1999
Listing Agency:
The KW Collective
Listed By:
Lisa E Kittleman · License #643140
(301) 785-5893
Source:
Thehulsmangroup
Added: Sep 19
Changed: Sep 23
Last Checked: Sep 22 at 10:01PM
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 The KW Collective
Investment Insights
Based on property information with market context.
This main-level corner condominium in Waverly Woods offers a two-bedroom, two-bath layout with one-level living and a bright open-concept arrangement. Interior improvements include fresh paint, luxury vinyl plank flooring, crown molding, a gas fireplace, and a custom TV enclosure. The kitchen features quartz countertops, stainless steel appliances, white cabinetry, hardwood flooring, table space, and a reverse osmosis water filtration system. The primary suite includes a walk-in closet with new shelving and a renovated en-suite bath with double vanity and ceramic tile flooring. A second bedroom sits near the hall bath, which has a walk-in shower and updated fixtures. Additional features include a screened-in balcony, secure ground-level storage, ample parking, and handicap-accessible parking.
Community amenities include a clubhouse, community center, fitness center, outdoor pool, tennis courts, and playgrounds. Optional golf course membership is available. The property is near shopping, dining, groceries, and major commuter routes. Built in 1999.
Community amenities include a clubhouse, community center, fitness center, outdoor pool, tennis courts, and playgrounds. Optional golf course membership is available. The property is near shopping, dining, groceries, and major commuter routes. Built in 1999.
Key Highlights
- Main‑level corner condo with 2 bedrooms and 2 baths
- Updated kitchen with quartz counters, stainless steel appliances, and hardwood flooring
- Renovated primary bath with double vanity and ceramic tile flooring
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
4.85%
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
NOI $19,402 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$527.7K
$461.8K – $615.7K
NOI $36,941 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
240
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Main-level corner residence with two bedrooms, two baths, renovated finishes, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 2120 GANTON GREEN Unit D-103 Woodstock, MD.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Main‑level corner condo with 2 bedrooms and 2 baths; Updated kitchen with quartz counters, stainless steel appliances, and hardwood flooring; Renovated primary bath with double vanity and ceramic tile flooring
