Residential Income
For Sale
$239,000
5029 GREEN MOUNTAIN CIRCLE Unit 1, Columbia, MD 21044
Income-producing residential property constructed in 1982.
Property Size976 SF
Days on Market21
Property Features for 5029 GREEN MOUNTAIN CIRCLE Unit 1
General Information
Standard status
Active
Size
976 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,220
Building Details
Building Size
976 SF
Year Built
1982
Listing Agency:
Douglas Realty LLC
Listed By:
Sterling B McDorman · License #654741
(410) 707-5621
Source:
Thehulsmangroup
Added: Sep 16
Changed: Oct 5
Last Checked: Oct 6 at 12:33AM
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 Douglas Realty LLC
Investment Insights
Based on property information with market context.
This residential income property is identified as Unit 1 and was constructed in 1982. The property is offered for sale.
Key Highlights
- Constructed in 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,689
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,780
$253.8K
Cap Rate 7%
$181,271
$181.3K
Cap Rate 9%
$140,989
$141.0K
Market Conditions
NOI Build-Up for 976 SF
Gross rent
$24.6K $25.20/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$23.1K $23.64/SF
− OpEx
−$10.4K −$10.64/SF
NOI
$12.7K $13.00/SF
Area
Columbia, MD
Vacancy
6.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,780
Cap Rate 7%
$181,271
Cap Rate 9%
$140,989
Alternative Uses
Best Use
Apartment 5plus
$181.3K
$158.6K – $211.5K
NOI $12,689 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,721 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 21044, MD
44,284
Population
19,776
Households
2.2
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
11.9 sq mi
ZIP Area
3,721
Density / Sq Mi
$132,924
Median Household Income
$69,565
Median Earnings
$2,096
Median Rent
$541,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Income-producing residential property constructed in 1982.
Where is this residential income property located?
The property is located at 5029 GREEN MOUNTAIN CIRCLE Unit 1 Columbia, MD.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Constructed in 1982
