Top-Floor Residential Income
For Sale
$380,000
Pending
5812 WYNDHAM CIRCLE Unit 305, Columbia, MD 21044
Two-bedroom residence offers a den, private balcony, gas fireplace, and wooded outlook.
Property Size1,134 SF
Days on Market11
Property Features for 5812 WYNDHAM CIRCLE Unit 305
General Information
Standard status
Pending
Size
1,134 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,198
Amenities
in-unit washer and dryer
private balcony
gas fireplace
den/study
Building Details
Building Size
1,134 SF
Year Built
1994
Listing Agency:
Weichert Realtors - McKenna & Vane
(240) 832-5671
Listed By:
David R Vane · License #522684
(240) 832-5671
Source:
Thehulsmangroup
Added: Aug 22
Changed: Aug 31
Last Checked: Aug 30 at 9:59PM
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 - McKenna & Vane
Investment Insights
Based on property information with market context.
This top-floor condominium includes two bedrooms, two bathrooms, and a separate den or study that adds flexibility for office or guest use. The interior has an open arrangement, generous living areas, a gas fireplace, and a kitchen and bath package. An in-unit washer and dryer are included, along with a one-car garage equipped with electric service. A private balcony faces a wooded setting.
The property is at 5812 Wyndham Circle, Unit 305, in Columbia, Maryland. Whole Foods, Columbia Town Center, and the Merriweather District are located nearby, providing access to shopping, dining, and entertainment. Regional connections include Rt. 29, Rt. 32, Rt. 175, I-95, and Rt. 100. The condominium was built in 1994.
The property is at 5812 Wyndham Circle, Unit 305, in Columbia, Maryland. Whole Foods, Columbia Town Center, and the Merriweather District are located nearby, providing access to shopping, dining, and entertainment. Regional connections include Rt. 29, Rt. 32, Rt. 175, I-95, and Rt. 100. The condominium was built in 1994.
Key Highlights
- Top‑floor condominium with 2 bedrooms, 2 baths, and a den/study
- Private balcony with a wooded view
- In‑unit 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
$14,743
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
3.88%
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%
$294,860
$294.9K
Cap Rate 7%
$210,614
$210.6K
Cap Rate 9%
$163,811
$163.8K
Market Conditions
NOI Build-Up for 1,134 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
$28.6K $25.20/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$26.8K $23.64/SF
− OpEx
−$12.1K −$10.64/SF
NOI
$14.7K $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 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%
$294,860
Cap Rate 7%
$210,614
Cap Rate 9%
$163,811
Alternative Uses
Best Use
Apartment 5plus
$210.6K
$184.3K – $245.7K
NOI $14,743 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.5K
$315.5K – $420.6K
NOI $25,237 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,472
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence offers a den, private balcony, gas fireplace, and wooded outlook.
Where is this residential income property located?
The property is located at 5812 WYNDHAM CIRCLE Unit 305 Columbia, MD.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Top‑floor condominium with 2 bedrooms, 2 baths, and a den/study; Private balcony with a wooded view; In‑unit washer and dryer
