Updated Triplex with
For Sale
$600,000
Pending
3 SHERIDAN ROAD, Arnold, MD 21012
Three residential units offer varied layouts, including a studio and a unit with an attached one-car garage.
Property Size3,328 SF
Days on Market10
Property Features for 3 SHERIDAN ROAD
General Information
Standard status
Pending
Size
3,328 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Building Details
Year Built
1954
Tenancy
Multi
Listing Agency:
Compass
(443) 803-7620
Listed By:
Jennifer Holden · License #639966
(443) 803-7620
Source:
Cummingsrealtors
Added: Jul 31
Changed: Aug 8
Last Checked: Aug 4 at 4:43AM
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 Compass
Investment Insights
Based on property information with market context.
This 3,328-square-foot triplex, built in 1954, contains three residential units with a practical mix of layouts. Unit 3 and Unit 3A each provide two bedrooms and one bathroom, while Unit 3B is a studio with one bathroom. Unit 3A includes a one-car garage, and the studio is configured within Unit 3’s garage area. Property improvements include a newer roof, windows, and HVAC systems, along with wood flooring and comfortable interior arrangements.
The property is located at 3 Sheridan Road in Arnold, near shopping, dining, services, Anne Arundel Community College, and the Greater Annapolis Y fitness center. Downtown Annapolis, the Bay Bridge, and Route 50 are minutes away, providing access toward Annapolis, Baltimore, and Washington, DC.
The property is located at 3 Sheridan Road in Arnold, near shopping, dining, services, Anne Arundel Community College, and the Greater Annapolis Y fitness center. Downtown Annapolis, the Bay Bridge, and Route 50 are minutes away, providing access toward Annapolis, Baltimore, and Washington, DC.
Key Highlights
- Three‑unit triplex totaling 3328 square feet
- Unit 3 and Unit 3A each offer 2BR/1BA layouts
- Unit 3B is a studio with 1 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
$48,356
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
8.06%
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%
$967,120
$967.1K
Cap Rate 7%
$690,800
$690.8K
Cap Rate 9%
$537,289
$537.3K
Market Conditions
NOI Build-Up for 3,328 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
$73.9K $22.20/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$69.1K $20.76/SF
− OpEx
−$20.7K −$6.23/SF
NOI
$48.4K $14.53/SF
Area
Anne Arundel County, MD
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$967,120
Cap Rate 7%
$690,800
Cap Rate 9%
$537,289
Alternative Uses
Best Use
Multifamily LT 5
$690.8K
$604.5K – $805.9K
NOI $48,356 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$641.6K
$561.4K – $748.6K
NOI $44,915 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$973.5K
$851.8K – $1.14M
NOI $68,147 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 21012, MD
22,377
Population
8,509
Households
2.6
Avg Household Size
41
Median Age
60%
College-Educated
98%
High-School Grad
9.8 sq mi
ZIP Area
2,283
Density / Sq Mi
$137,544
Median Household Income
$72,146
Median Earnings
$2,171
Median Rent
$552,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied layouts, including a studio and a unit with an attached one-car garage.
Where is this triplex located?
The property is located at 3 SHERIDAN ROAD Arnold, MD.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 3328 square feet; Unit 3 and Unit 3A each offer 2BR/1BA layouts; Unit 3B is a studio with 1 bath
