Four-Bedroom Residential
New
For Sale
$295,000
6009 MAJORS LANE Unit N19, Columbia, MD 21045
Renovated in 2025, the condominium includes a fireplace, in-unit laundry hookups, and access to shared recreation amenities.
Property Size1,346 SF
Price / SF$219.17
Days on Market7
Property Features for 6009 MAJORS LANE Unit N19
General Information
Standard status
Active
Size
1,346 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 4BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$529.32
Taxes and HOA fees
Annual Taxes
$3,656
Amenities
pool
bike trails
playgrounds
Building Details
Building Size
1,346 SF
Year Built
1982
Year Renovated
2025
Listing Agency:
Advantage Realty of Maryland
Listed By:
Chiu K Wong · License #632843
(443) 600-8888
Source:
Thehulsmangroup
Added: Sep 21
Changed: Sep 26
Last Checked: Sep 26 at 3:03PM
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 Advantage Realty of Maryland
Investment Insights
Based on property information with market context.
This four-bedroom, two-bathroom condominium at 6009 Majors Lane has an assessed area of 1,346 square feet and was renovated in 2025. The living area has luxury vinyl plank flooring and a fireplace. The kitchen features upgraded countertops, a built-in microwave, and a dishwasher; the primary suite includes a walk-in closet. Washer and dryer hookups are provided within the unit.
Community amenities include a pool, bike trails, and playgrounds. The property also has assigned parking. The building dates to 1982.
Community amenities include a pool, bike trails, and playgrounds. The property also has assigned parking. The building dates to 1982.
Key Highlights
- Four bedrooms and two bathrooms; assessed at 1,346 square feet
- Renovation completed in 2025
- Living area includes a fireplace and luxury vinyl plank flooring
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
$17,499
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
5.93%
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%
$349,980
$350.0K
Cap Rate 7%
$249,986
$250.0K
Cap Rate 9%
$194,433
$194.4K
Market Conditions
NOI Build-Up for 1,346 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
$33.9K $25.20/SF
− Vacancy
−$2.1K −$1.56/SF
EGI
$31.8K $23.64/SF
− OpEx
−$14.3K −$10.64/SF
NOI
$17.5K $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%
$349,980
Cap Rate 7%
$249,986
Cap Rate 9%
$194,433
Alternative Uses
Best Use
Apartment 5plus
$250.0K
$218.7K – $291.7K
NOI $17,499 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$427.9K
$374.4K – $499.3K
NOI $29,955 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
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Business Placement
Demographics for 21045, MD
39,321
Population
15,826
Households
2.5
Avg Household Size
38
Median Age
57%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
4,054
Density / Sq Mi
$117,323
Median Household Income
$62,522
Median Earnings
$1,768
Median Rent
$438,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated in 2025, the condominium includes a fireplace, in-unit laundry hookups, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 6009 MAJORS LANE Unit N19 Columbia, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Four bedrooms and two bathrooms; assessed at 1,346 square feet; Renovation completed in 2025; Living area includes a fireplace and luxury vinyl plank flooring
