Listing Agency: Weichert, Realtors - Diana Realty Show Phone

Listed By: Steve R Kuzma · License #29833 Show Phone

Source: Opal-realestate

Added: Jul 20 Changed: Oct 2 Last Checked: Oct 16 at 8:41AM

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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 Weichert, Realtors - Diana Realty

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,726

Cap Rate

4.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$214,520 $214.5K

Cap Rate 7%

$153,229 $153.2K

Cap Rate 9%

$119,178 $119.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 801 SF

Gross rent

$20.9K $26.04/SF

− Vacancy

−$1.4K −$1.69/SF

EGI

$19.5K $24.35/SF

− OpEx

−$8.8K −$10.96/SF

NOI

$10.7K $13.39/SF

Area

Harford County, MD

Vacancy

6.50%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$214,520

Cap Rate 7%

$153,229

Cap Rate 9%

$119,178

Alternative Uses

Best Use

Apartment 5plus

$153.2K

$134.1K – $178.8K (±1% cap)

NOI $10,726 @ 7.0% cap · market cap 4.89%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$281.8K

$246.6K – $328.8K (±1% cap)

NOI $19,729 @ 7.0% cap · market cap 8.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Auto Parts Store Storage Facility Real Estate Agency Skin Care Clinic Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

267

Businesses Nearby

Explore this area Business Placement

Demographics for 21001, MD

25,714

Population

11,010

Households

2.3

Avg Household Size

38

Median Age

28%

College-Educated

92%

High-School Grad

30.0 sq mi

ZIP Area

857

Density / Sq Mi

$81,778

Median Household Income

$49,765

Median Earnings

$1,391

Median Rent

$267,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

Where is this multifamily property located?

The property is located at 301 NORTHEAST RD Aberdeen, MD.

What is the asking price?

The asking price for this property is $219,333.