Garden-Style Residential Income
New
For Sale
$199,999
7617 WEATHER WORN WAY W Unit F, Columbia, MD 21046
First-level condo with a private balcony, storage, and wooded views in a Columbia community.
Property Size936 SF
Days on Market4
Property Features for 7617 WEATHER WORN WAY W Unit F
General Information
Standard status
Active
Size
936 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,078
Building Details
Building Size
936 SF
Year Built
1985
Listing Agency:
RE/MAX Solutions
Listed By:
Samson Fridrich
(443) 864-8397
Source:
Thehulsmangroup
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 12 at 8:26AM
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 RE/MAX Solutions
Investment Insights
Based on property information with market context.
This first-level, garden-style condominium features a combined living and dining area, a large sliding door, and a private balcony with storage. The kitchen provides ample cabinetry in a practical layout, while the balcony overlooks mature trees and offers a private outdoor setting. The property was built in 1985.
Residents of The Pines have access to Columbia Association amenities that include tennis courts, walking and jogging paths, playgrounds, basketball courts, soccer fields, a community center, lake access, and a nearby library. Pool and golf memberships are available. The property is near Hammond schools, Harris Teeter, Kings Contrivance Village Center, and commuter routes serving BWI, Fort Meade, Baltimore, and Washington, DC.
Residents of The Pines have access to Columbia Association amenities that include tennis courts, walking and jogging paths, playgrounds, basketball courts, soccer fields, a community center, lake access, and a nearby library. Pool and golf memberships are available. The property is near Hammond schools, Harris Teeter, Kings Contrivance Village Center, and commuter routes serving BWI, Fort Meade, Baltimore, and Washington, DC.
Key Highlights
- First‑level, garden‑style condominium at The Pines
- Private balcony with storage and views of mature trees
- Living and dining area opens through a large slider
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
$12,169
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
6.08%
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%
$243,380
$243.4K
Cap Rate 7%
$173,843
$173.8K
Cap Rate 9%
$135,211
$135.2K
Market Conditions
NOI Build-Up for 936 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
$23.6K $25.20/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$22.1K $23.64/SF
− OpEx
−$10.0K −$10.64/SF
NOI
$12.2K $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%
$243,380
Cap Rate 7%
$173,843
Cap Rate 9%
$135,211
Alternative Uses
Best Use
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,169 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.6K
$260.4K – $347.2K
NOI $20,830 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
501
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
View Realmo Analytics
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 - First-level condo with a private balcony, storage, and wooded views in a Columbia community.
Where is this residential income property located?
The property is located at 7617 WEATHER WORN WAY W Unit F Columbia, MD.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: First‑level, garden‑style condominium at The Pines; Private balcony with storage and views of mature trees; Living and dining area opens through a large slider
