Second-Floor Residential Income
For Sale
$310,000
7915 BRIARGLEN DRIVE Unit G, Elkridge, MD 21075
Two-bedroom condominium with a gas fireplace, covered balcony, in-unit laundry, and access to a 55+ community.
Property Size1,332 SF
Days on Market23
Property Features for 7915 BRIARGLEN DRIVE Unit G
General Information
Standard status
Active
Size
1,332 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,778
Building Details
Building Size
1,332 SF
Year Built
2004
Listing Agency:
Keller Williams Realty Centre
(443) 579-1516
Listed By:
Nickolaus B Waldner · License #589020
(443) 579-1516
Source:
Thehulsmangroup
Added: Jul 30
Changed: Aug 21
Last Checked: Aug 21 at 11:56AM
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 Keller Williams Realty Centre
Investment Insights
Based on property information with market context.
This second-floor condominium at 7915 Briarglen Drive, Unit G, includes 2 bedrooms and 2 full baths within an open living and dining arrangement. A gas fireplace and oversized windows add character to the main living area, while the adjacent den opens to a private covered balcony. The kitchen provides extensive cabinetry and counter space, and the primary bedroom includes two closets, including a walk-in closet, plus an en-suite bath with double vanity. A separate laundry room is located within the unit.
Built in 2004, the residence is part of Hearthstone at Timbers, a 55+ community with elevator access and maintained common areas. The property is minutes from Route 100, I-95, and Route 29, with access to Columbia, Baltimore, BWI Airport, and Washington, D.C. Nearby destinations include Gateway Overlook, Troy Hill Shopping Center, Costco, Trader Joe's, Arundel Mills Mall, Patapsco Valley State Park, and Rockburn Branch Park.
Built in 2004, the residence is part of Hearthstone at Timbers, a 55+ community with elevator access and maintained common areas. The property is minutes from Route 100, I-95, and Route 29, with access to Columbia, Baltimore, BWI Airport, and Washington, D.C. Nearby destinations include Gateway Overlook, Troy Hill Shopping Center, Costco, Trader Joe's, Arundel Mills Mall, Patapsco Valley State Park, and Rockburn Branch Park.
Key Highlights
- 2‑bedroom, 2‑bath condominium at 7915 Briarglen Drive, Unit G
- Second‑floor residence with private covered balcony and den
- Gas fireplace, oversized windows, and open living and dining areas
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
$18,161
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
5.86%
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%
$363,220
$363.2K
Cap Rate 7%
$259,443
$259.4K
Cap Rate 9%
$201,789
$201.8K
Market Conditions
NOI Build-Up for 1,332 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
$34.7K $26.04/SF
− Vacancy
−$1.7K −$1.25/SF
EGI
$33.0K $24.79/SF
− OpEx
−$14.9K −$11.16/SF
NOI
$18.2K $13.63/SF
Area
Howard County, MD
Vacancy
4.80%
Lease Rate
$26.04 /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%
$363,220
Cap Rate 7%
$259,443
Cap Rate 9%
$201,789
Alternative Uses
Best Use
Apartment 5plus
$259.4K
$227.0K – $302.7K
NOI $18,161 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.0K
$432.2K – $576.3K
NOI $34,578 @ 7.0% cap · market cap 11.15%
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
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 21075, MD
35,900
Population
13,191
Households
2.7
Avg Household Size
34
Median Age
58%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,583
Density / Sq Mi
$133,321
Median Household Income
$69,892
Median Earnings
$2,108
Median Rent
$439,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with a gas fireplace, covered balcony, in-unit laundry, and access to a 55+ community.
Where is this residential income property located?
The property is located at 7915 BRIARGLEN DRIVE Unit G Elkridge, MD.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath condominium at 7915 Briarglen Drive, Unit G; Second‑floor residence with private covered balcony and den; Gas fireplace, oversized windows, and open living and dining areas
