Residential Income
New
For Sale
$250,000
300 BLUE WATER COURT Unit 302, Glen Burnie, MD 21060
Built in 2000, this property is identified as a residential income asset.
Property Size1,154 SF
Days on Market6
Property Features for 300 BLUE WATER COURT Unit 302
General Information
Standard status
Active
Size
1,154 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,956
Building Details
Building Size
1,154 SF
Year Built
2000
Listing Agency:
Keller Williams Flagship
Listed By:
James P Schaecher · License #573386
(301) 928-4246
Source:
Thehulsmangroup
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 4 at 4:35PM
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 Keller Williams Flagship
Investment Insights
Based on property information with market context.
This residential income property was completed in 2000. It is located at 300 Blue Water Court, Unit 302, in Glen Burnie, Maryland 21060.
Key Highlights
- Built in 2000
- Address: 300 Blue Water Court, Unit 302, Glen Burnie, MD 21060
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,574
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,480
$311.5K
Cap Rate 7%
$222,486
$222.5K
Cap Rate 9%
$173,044
$173.0K
Market Conditions
NOI Build-Up for 1,154 SF
Gross rent
$30.2K $26.16/SF
− Vacancy
−$1.9K −$1.62/SF
EGI
$28.3K $24.54/SF
− OpEx
−$12.7K −$11.04/SF
NOI
$15.6K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,480
Cap Rate 7%
$222,486
Cap Rate 9%
$173,044
Alternative Uses
Best Use
Apartment 5plus
$222.5K
$194.7K – $259.6K
NOI $15,574 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.6K
$295.4K – $393.8K
NOI $23,630 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Explore this area
Business Placement
Demographics for 21060, MD
38,269
Population
15,988
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
2,944
Density / Sq Mi
$99,739
Median Household Income
$57,005
Median Earnings
$1,620
Median Rent
$352,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2000, this property is identified as a residential income asset.
Where is this residential income property located?
The property is located at 300 BLUE WATER COURT Unit 302 Glen Burnie, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Built in 2000; Address: 300 Blue Water Court, Unit 302, Glen Burnie, MD 21060
