Ground-Floor Residential Income
For Sale
$330,000
5935 ABRIANNA WAY Unit N, Elkridge, MD 21075
Updated condominium residence with patio access in a 55+ community near shopping, dining, and major commuting routes.
Property Size1,323 SF
Days on Market13
Property Features for 5935 ABRIANNA WAY Unit N
General Information
Standard status
Active
Size
1,323 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,922
Building Details
Building Size
1,323 SF
Year Built
2005
Listing Agency:
Compass
Listed By:
Kathryn L Broadbent · License #665189
(443) 362-1100
Source:
Thehulsmangroup
Added: Sep 11
Changed: Sep 17
Last Checked: Sep 22 at 10:10PM
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 Compass
Investment Insights
Based on property information with market context.
This ground-level condominium at 5935 ABRIANNA WAY Unit N offers a two-bedroom, two-bath layout with abundant window light, a separate sitting area, generous closet capacity, and an in-unit storage closet. A private patio opens toward lawn and mature trees. Elevator access provides a step-free route to the residence, while the building dates to 2005 and serves a 55+ community with pet accommodations subject to limitations.
Recent improvements include stainless steel kitchen appliances and a washer and dryer installed in 2026, HVAC updated in 2022, and a water heater replaced in 2021. New carpeting, refreshed window blinds, and updated kitchen lighting complete the interior updates. The property is located in Elkridge, near shopping, restaurants, and major commuting routes.
Recent improvements include stainless steel kitchen appliances and a washer and dryer installed in 2026, HVAC updated in 2022, and a water heater replaced in 2021. New carpeting, refreshed window blinds, and updated kitchen lighting complete the interior updates. The property is located in Elkridge, near shopping, restaurants, and major commuting routes.
Key Highlights
- Two‑bedroom, two‑bath condominium at 5935 ABRIANNA WAY Unit N
- Ground‑level residence with elevator access and no‑step entry
- Private patio overlooking a grassy area and trees
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
$18,039
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
5.47%
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%
$360,780
$360.8K
Cap Rate 7%
$257,700
$257.7K
Cap Rate 9%
$200,433
$200.4K
Market Conditions
NOI Build-Up for 1,323 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
$34.5K $26.04/SF
− Vacancy
−$1.7K −$1.25/SF
EGI
$32.8K $24.79/SF
− OpEx
−$14.8K −$11.16/SF
NOI
$18.0K $13.63/SF
Area
Howard County, MD
Vacancy
4.80%
Lease Rate
$26.04 /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%
$360,780
Cap Rate 7%
$257,700
Cap Rate 9%
$200,433
Alternative Uses
Best Use
Apartment 5plus
$257.7K
$225.5K – $300.7K
NOI $18,039 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$490.6K
$429.3K – $572.4K
NOI $34,345 @ 7.0% cap · market cap 10.41%
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
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 21075, MD
35,900
Population
13,191
Households
2.7
Avg Household Size
34
Median Age
58%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,583
Density / Sq Mi
$133,321
Median Household Income
$69,892
Median Earnings
$2,108
Median Rent
$439,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with patio access in a 55+ community near shopping, dining, and major commuting routes.
Where is this residential income property located?
The property is located at 5935 ABRIANNA WAY Unit N Elkridge, MD.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium at 5935 ABRIANNA WAY Unit N; Ground‑level residence with elevator access and no‑step entry; Private patio overlooking a grassy area and trees
