Two-Bedroom Residential Income
For Sale
$290,000
Pending
7571 WEATHER WORN WAY Unit E, Columbia, MD 21046
Open living and dining areas connect with a private outdoor space in this multi-level condominium.
Property Size1,251 SF
Days on Market13
Property Features for 7571 WEATHER WORN WAY Unit E
General Information
Standard status
Pending
Size
1,251 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,758
Amenities
electric fireplace
private outdoor area
upper-level laundry
Building Details
Building Size
1,251 SF
Year Built
1983
Listing Agency:
Samson Properties
(443) 223-8571
Listed By:
Ariel Addy · License #5024111
(443) 223-8571
Source:
Thehulsmangroup
Added: Aug 20
Changed: Aug 31
Last Checked: Aug 31 at 9:30PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This residential income condominium includes two bedrooms and one and one-half baths across a multi-level layout. The main floor combines open living and dining areas with an electric fireplace and access to a private outdoor area. Upstairs are two bedrooms, a full bath, upper-level laundry, and substantial storage. The home was built in 1983 and offers over 1,250 square feet of interior space.
The property is in Columbia’s Village of Kings Contrivance, near shopping, restaurants, parks, and miles of walking trails. Regional access includes Routes 29 and 32, I-95, Baltimore, and Washington, D.C.
The property is in Columbia’s Village of Kings Contrivance, near shopping, restaurants, parks, and miles of walking trails. Regional access includes Routes 29 and 32, I-95, Baltimore, and Washington, D.C.
Key Highlights
- Two‑bedroom, 1.5‑bath condominium with over 1,250 square feet
- Private outdoor area connected to the main‑level living space
- Electric fireplace, open living and dining areas, and upper‑level laundry
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
$16,251
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
5.60%
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%
$325,020
$325.0K
Cap Rate 7%
$232,157
$232.2K
Cap Rate 9%
$180,567
$180.6K
Market Conditions
NOI Build-Up for 1,250 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
$31.5K $25.20/SF
− Vacancy
−$2.0K −$1.56/SF
EGI
$29.5K $23.64/SF
− OpEx
−$13.3K −$10.64/SF
NOI
$16.3K $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%
$325,020
Cap Rate 7%
$232,157
Cap Rate 9%
$180,567
Alternative Uses
Best Use
Apartment 5plus
$232.2K
$203.1K – $270.9K
NOI $16,251 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$397.4K
$347.7K – $463.6K
NOI $27,818 @ 7.0% cap · market cap 9.59%
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
252
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Open living and dining areas connect with a private outdoor space in this multi-level condominium.
Where is this residential income property located?
The property is located at 7571 WEATHER WORN WAY Unit E Columbia, MD.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑bedroom, 1.5‑bath condominium with over 1,250 square feet; Private outdoor area connected to the main‑level living space; Electric fireplace, open living and dining areas, and upper‑level laundry
