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7272-7274 CRADLEROCK WAY, Columbia, MD 21045
Office Units
Property Size3,200 SF
Price / SF$253.13
Days on Market148
Property Features for 7272-7274 CRADLEROCK WAY
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Retail, Office
Investment Type
Owner/User
Building Details
Year Built
1980
Units
1
Listing Agency:
The Langert Commercial Group, LLC
Listed By:
Evan Langert · License #6711
(443) 529-0505
Source:
Crexi
Added: May 26
Changed: Oct 6
Last Checked: Oct 19 at 6:54AM
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 The Langert Commercial Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Year built: 1980
- Two adjacent townhouse condominiums with 1,781 gross SF each
- One unit is currently occupied by a day spa/massage company
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,278
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,560
$1.0M
Cap Rate 7%
$732,543
$732.5K
Cap Rate 9%
$569,756
$569.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$82.2K $25.68/SF
− Vacancy
−$13.8K −$4.31/SF
EGI
$68.4K $21.37/SF
− OpEx
−$17.1K −$5.34/SF
NOI
$51.3K $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 Rate 5%
$1,025,560
Cap Rate 7%
$732,543
Cap Rate 9%
$569,756
Alternative Uses
Best Use
Office B
$732.5K
$641.0K – $854.6K
NOI $51,278 @ 7.0% cap · market cap 6.33%
Second Best
Retail
$547.2K
$478.8K – $638.4K
NOI $38,304 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$1.02M
$890.2K – $1.19M
NOI $71,215 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
Where is this office unit located?
The property is located at 7272-7274 CRADLEROCK WAY Columbia, MD.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Year built: 1980; Two adjacent townhouse condominiums with 1,781 gross SF each; One unit is currently occupied by a day spa/massage company
