Professional Office
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7230 LEE DEFOREST DR. UNIT 205, Columbia, MD 21046
Professional office condominium in an established business community with connections to major regional transportation routes.
Property Size75,000 SF
Lot Size7.71 Acres
Price / SF$351.45
Days on Market5
Property Features for 7230 LEE DEFOREST DR. UNIT 205
General Information
Standard status
Active
Size
75,000 SF
Lot size
7.71 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Building Size
75,000 SF
Listing Agency:
Win Commercial Group of Keller Williams Realty Centre
Listed By:
Helen Jae Lee · License #MD 579141
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 7:13AM
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 Win Commercial Group of Keller Williams Realty Centre
Investment Insights
Based on property information with market context.
Unit 205 at 7230 Lee Deforest Drive is a 1,693-square-foot professional office condominium within a 75,000-square-foot office building. The property occupies a 7.71-acre site in the Columbia Gateway business community and is located in Columbia, Maryland.
Regional access includes I-95, MD Route 32, and U.S. Route 1, connecting the property with destinations throughout the Baltimore–Washington corridor. The office unit is positioned for an owner-user or investor seeking commercial real estate in Howard County.
Regional access includes I-95, MD Route 32, and U.S. Route 1, connecting the property with destinations throughout the Baltimore–Washington corridor. The office unit is positioned for an owner-user or investor seeking commercial real estate in Howard County.
Key Highlights
- 1,693 SF professional office condominium
- Located within a 75,000 SF office building
- 7.71‑acre property in the Columbia Gateway business community
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
$27,129
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
4.56%
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%
$542,580
$542.6K
Cap Rate 7%
$387,557
$387.6K
Cap Rate 9%
$301,433
$301.4K
Market Conditions
NOI Build-Up for 1,693 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
$43.5K $25.68/SF
− Vacancy
−$7.3K −$4.31/SF
EGI
$36.2K $21.37/SF
− OpEx
−$9.0K −$5.34/SF
NOI
$27.1K $16.02/SF
Area
Columbia, MD
Vacancy
16.80%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
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%
$542,580
Cap Rate 7%
$387,557
Cap Rate 9%
$301,433
Alternative Uses
Best Use
Office B
$387.6K
$339.1K – $452.2K
NOI $27,129 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.2K
$471.0K – $628.0K
NOI $37,677 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 21046, MD
16,023
Population
6,361
Households
2.5
Avg Household Size
37
Median Age
62%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
2,054
Density / Sq Mi
$126,549
Median Household Income
$70,187
Median Earnings
$2,099
Median Rent
$469,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Professional office condominium in an established business community with connections to major regional transportation routes.
Where is this office units located?
The property is located at 7230 LEE DEFOREST DR. UNIT 205 Columbia, MD.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,693 SF professional office condominium; Located within a 75,000 SF office building; 7.71‑acre property in the Columbia Gateway business community
