Two-Bedroom Residential Income
For Sale
$380,000
Pending
8265 STONE CROP DRIVE Unit F, Ellicott City, MD 21043
Condominium residence in a 55+ community with elevator access and indoor and outdoor swimming pools.
Property Size1,330 SF
Days on Market10
Property Features for 8265 STONE CROP DRIVE Unit F
General Information
Standard status
Pending
Size
1,330 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,350
Building Details
Building Size
1,330 SF
Year Built
2007
Listing Agency:
Compass
Listed By:
Jami Saval · License #5004467
(410) 935-1393
Source:
Thehulsmangroup
Added: Sep 17
Changed: Sep 23
Last Checked: Sep 24 at 5:55PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,330-square-foot condominium residence in Taylor Village was built in 2007 and includes two bedrooms and two bathrooms. The building provides elevator service, while community amenities include a center for residents, an exercise room, and both indoor and outdoor swimming pools.
Located in Ellicott City, the 55+ community also features maintained shared areas, access to local parks, and organized social activities. Association services include snow removal and lawn care, adding to the property's low-maintenance residential setting.
Located in Ellicott City, the 55+ community also features maintained shared areas, access to local parks, and organized social activities. Association services include snow removal and lawn care, adding to the property's low-maintenance residential setting.
Key Highlights
- 1,330‑square‑foot condominium residence with 2 bedrooms and 2 bathrooms
- Built in 2007 within Taylor Village’s 55+ community
- Indoor and outdoor swimming pools available on site
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
$18,134
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
4.77%
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%
$362,680
$362.7K
Cap Rate 7%
$259,057
$259.1K
Cap Rate 9%
$201,489
$201.5K
Market Conditions
NOI Build-Up for 1,330 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
$34.6K $26.04/SF
− Vacancy
−$1.7K −$1.25/SF
EGI
$33.0K $24.79/SF
− OpEx
−$14.8K −$11.16/SF
NOI
$18.1K $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%
$362,680
Cap Rate 7%
$259,057
Cap Rate 9%
$201,489
Alternative Uses
Best Use
Apartment 5plus
$259.1K
$226.7K – $302.2K
NOI $18,134 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.2K
$431.6K – $575.4K
NOI $34,526 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 21043, MD
48,775
Population
17,978
Households
2.7
Avg Household Size
39
Median Age
64%
College-Educated
95%
High-School Grad
17.1 sq mi
ZIP Area
2,852
Density / Sq Mi
$141,846
Median Household Income
$77,574
Median Earnings
$1,964
Median Rent
$607,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence in a 55+ community with elevator access and indoor and outdoor swimming pools.
Where is this residential income property located?
The property is located at 8265 STONE CROP DRIVE Unit F Ellicott City, MD.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 1,330‑square‑foot condominium residence with 2 bedrooms and 2 bathrooms; Built in 2007 within Taylor Village’s 55+ community; Indoor and outdoor swimming pools available on site
