Building Details

Building Size 1,103 SF

Year Built 1985

Listing Agency: Keller Williams Flagship

Listed By: Karen Jones-Lantzy · License #5001849 Show Phone

Source: Chesapeakerealestateassociates

Added: Jun 1 Changed: Oct 26 Last Checked: Oct 26 at 3:20PM

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Investment Insights

Based on property information with market context.

This 1,103-square-foot condominium, built in 1985, has two bedrooms and two bathrooms. Its living and dining areas share an open layout, while the kitchen provides cabinetry and counter space. The primary bedroom includes an en-suite bath and closet; the second bedroom is served by a full bathroom.

Route 50 is a short drive away, and walking paths, shopping, dining, and everyday services are nearby. The property is located in a residential setting in Arnold, Maryland.

Key Highlights

• 1,103‑square‑foot condominium built in 1985
• Two bedrooms and two bathrooms, including an en‑suite bath in the primary bedroom
• Open living and dining layout with a separate kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,886

Cap Rate

4.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$297,720 $297.7K

Cap Rate 7%

$212,657 $212.7K

Cap Rate 9%

$165,400 $165.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,103 SF

Gross rent

$28.9K $26.16/SF

− Vacancy

−$1.8K −$1.62/SF

EGI

$27.1K $24.54/SF

− OpEx

−$12.2K −$11.04/SF

NOI

$14.9K $13.50/SF

Area

Anne Arundel County, MD

Vacancy

6.20%

Lease Rate

$26.16 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$297,720

Cap Rate 7%

$212,657

Cap Rate 9%

$165,400

Alternative Uses

Best Use

Apartment 5plus

$212.7K

$186.1K – $248.1K (±1% cap)

NOI $14,886 @ 7.0% cap · market cap 4.98%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$322.7K

$282.3K – $376.4K (±1% cap)

NOI $22,586 @ 7.0% cap · market cap 7.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

1

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

207

Businesses Nearby

Explore this area Business Placement

Demographics for 21012, MD

22,377

Population

8,509

Households

2.6

Avg Household Size

41

Median Age

60%

College-Educated

98%

High-School Grad

9.8 sq mi

ZIP Area

2,283

Density / Sq Mi

$137,544

Median Household Income

$72,146

Median Earnings

$2,171

Median Rent

$552,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - The condo combines an open living and dining area with a separate kitchen and two full bathrooms.

Where is this residential income property located?

The property is located at 826 SOUTHERN HILLS DRIVE Unit J-10F Arnold, MD.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: 1,103‑square‑foot condominium built in 1985; Two bedrooms and two bathrooms, including an en‑suite bath in the primary bedroom; Open living and dining layout with a separate kitchen