Two-Bedroom Condominium
New
For Sale
$249,000
5484 CEDAR LANE W Unit B2, Columbia, MD 21044
The residence features a separate dining area, wood flooring, and hookups for a front-loading washer and dryer.
Property Size936 SF
Days on Market5
Property Features for 5484 CEDAR LANE W Unit B2
General Information
Standard status
Active
Size
936 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,114
Amenities
basketball courts
tennis courts
outdoor pool
jogging/walking paths
picnic areas
tot lots
washer/dryer hookups
Building Details
Building Size
936 SF
Year Built
1992
Construction
traditional-style
Listing Agency:
Samson Properties
Listed By:
Vitaly P Petrov · License #646336
(443) 449-9883
Source:
Thehulsmangroup
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 11 at 12:34PM
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 Samson Properties
Investment Insights
Based on property information with market context.
Built in 1992, this condominium residence offers two bedrooms and one and a half bathrooms. Interior features include wood flooring, a dining area, a kitchen with room for a table, and hookups for a front-loading washer and dryer.
Community amenities include basketball and tennis courts, an outdoor pool, walking and jogging paths, picnic areas, and tot lots.
Community amenities include basketball and tennis courts, an outdoor pool, walking and jogging paths, picnic areas, and tot lots.
Key Highlights
- Two bedrooms and 1.5 bathrooms
- Community outdoor pool, basketball courts, and tennis courts
- Wood flooring and a dedicated dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,169
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,380
$243.4K
Cap Rate 7%
$173,843
$173.8K
Cap Rate 9%
$135,211
$135.2K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$23.6K $25.20/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$22.1K $23.64/SF
− OpEx
−$10.0K −$10.64/SF
NOI
$12.2K $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%
$243,380
Cap Rate 7%
$173,843
Cap Rate 9%
$135,211
Alternative Uses
Best Use
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,169 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.6K
$260.4K – $347.2K
NOI $20,830 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,344
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - The residence features a separate dining area, wood flooring, and hookups for a front-loading washer and dryer.
Where is this residential income property located?
The property is located at 5484 CEDAR LANE W Unit B2 Columbia, MD.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two bedrooms and 1.5 bathrooms; Community outdoor pool, basketball courts, and tennis courts; Wood flooring and a dedicated dining area
