Two-Bedroom Residential Income
For Sale
$205,000
528 GLEN COURT, Glen Burnie, MD 21061
Two-story layout with combined living and dining areas, an efficient galley kitchen, and an accessible HVAC system.
Property Size880 SF
Days on Market26
Property Features for 528 GLEN COURT
General Information
Standard status
Active
Size
880 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,007
Amenities
washer/dryer
Building Details
Building Size
880 SF
Year Built
1975
Buildings
1
Listing Agency:
R.E. Shilow Realty Investors, Inc.
(410) 913-3904
Listed By:
Sue Davis · License #666101
(410) 913-3904
Source:
Thehulsmangroup
Added: Jul 27
Changed: Aug 20
Last Checked: Aug 20 at 12:37PM
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 R.E. Shilow Realty Investors, Inc.
Investment Insights
Based on property information with market context.
Built in 1975, this residential income property offers a practical two-story arrangement with the main living and dining areas combined. The galley kitchen includes a washer and dryer, while a generously sized pantry provides additional storage and houses the HVAC equipment for convenient access.
Two bedrooms and a full bathroom are located upstairs. The property sits on Glen Court in Glen Burnie, with nearby stores and shopping noted in the surrounding area. Its residential layout combines defined living space, functional kitchen features, and an accessible mechanical area.
Two bedrooms and a full bathroom are located upstairs. The property sits on Glen Court in Glen Burnie, with nearby stores and shopping noted in the surrounding area. Its residential layout combines defined living space, functional kitchen features, and an accessible mechanical area.
Key Highlights
- Two bedrooms located upstairs with a full bathroom
- Combined living and dining areas
- Galley kitchen with washer and dryer
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
$11,876
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
5.79%
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%
$237,520
$237.5K
Cap Rate 7%
$169,657
$169.7K
Cap Rate 9%
$131,956
$132.0K
Market Conditions
NOI Build-Up for 880 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
$23.0K $26.16/SF
− Vacancy
−$1.4K −$1.62/SF
EGI
$21.6K $24.54/SF
− OpEx
−$9.7K −$11.04/SF
NOI
$11.9K $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 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%
$237,520
Cap Rate 7%
$169,657
Cap Rate 9%
$131,956
Alternative Uses
Best Use
Apartment 5plus
$169.7K
$148.5K – $197.9K
NOI $11,876 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.4K
$225.3K – $300.3K
NOI $18,020 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 21061, MD
57,352
Population
23,196
Households
2.5
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
12.2 sq mi
ZIP Area
4,701
Density / Sq Mi
$86,081
Median Household Income
$48,429
Median Earnings
$1,661
Median Rent
$326,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-story layout with combined living and dining areas, an efficient galley kitchen, and an accessible HVAC system.
Where is this residential income property located?
The property is located at 528 GLEN COURT Glen Burnie, MD.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two bedrooms located upstairs with a full bathroom; Combined living and dining areas; Galley kitchen with washer and dryer
