Duplex-Style Home with Licensed
For Sale
$995,000
8502 Dark Hawk Circle, Columbia, MD 21045
Corner-lot Columbia residence includes a licensed private apartment, refreshed interiors, and separate access for independent living.
Property Size5,300 SF
Price / SF$187.74
Days on Market98
Property Features for 8502 Dark Hawk Circle
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1991
Buildings
1
Listing Agency:
Argonaut Property Group LLC
Listed By:
Jason A Sutton
(240) 235-1859
Source:
Deepcreeklake
Added: Jul 11
Changed: Oct 15
Last Checked: Oct 14 at 11:21PM
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 Argonaut Property Group LLC
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Investment Insights
Based on property information with market context.
This Columbia duplex-style residence at 8502 Dark Hawk Circle offers 5–6 bedrooms, multiple living areas, and an existing Howard County Rental Housing License for Apartment B. The private suite has its own entrance, living area, bedroom, full bath, wheelchair-accessible curbless shower, and organized closets. The main home includes an updated kitchen with stainless-steel appliances and a farmhouse sink, refinished hardwood floors, luxury carpeting, custom tilework, refreshed lighting, two recently installed HVAC systems, updated baths, and a resurfaced deck.
An oversized corner lot places the property within walking distance of neighborhood schools. The layout also includes a substantial lower level that may support additional guest, family, or rental accommodations, subject to applicable Howard County approvals. The property’s separate living zones can accommodate multigenerational arrangements, a primary residence with a licensed apartment, or other permitted configurations.
An oversized corner lot places the property within walking distance of neighborhood schools. The layout also includes a substantial lower level that may support additional guest, family, or rental accommodations, subject to applicable Howard County approvals. The property’s separate living zones can accommodate multigenerational arrangements, a primary residence with a licensed apartment, or other permitted configurations.
Key Highlights
- Existing Howard County Rental Housing License for Apartment B
- Private apartment includes separate entrance, living area, bedroom, full bath, and curbless accessible shower
- 5–6 bedrooms and multiple distinct living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,008
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,540,160
$1.5M
Cap Rate 7%
$1,100,114
$1.1M
Cap Rate 9%
$855,644
$855.6K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$117.7K $22.20/SF
− Vacancy
−$7.6K −$1.44/SF
EGI
$110.0K $20.76/SF
− OpEx
−$33.0K −$6.23/SF
NOI
$77.0K $14.53/SF
Area
Columbia, MD
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,540,160
Cap Rate 7%
$1,100,114
Cap Rate 9%
$855,644
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$962.6K – $1.28M
NOI $77,008 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$984.3K
$861.3K – $1.15M
NOI $68,904 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.68M
$1.47M – $1.97M
NOI $117,950 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
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Business Placement
Demographics for 21045, MD
39,321
Population
15,826
Households
2.5
Avg Household Size
38
Median Age
57%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
4,054
Density / Sq Mi
$117,323
Median Household Income
$62,522
Median Earnings
$1,768
Median Rent
$438,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot Columbia residence includes a licensed private apartment, refreshed interiors, and separate access for independent living.
Where is this duplex located?
The property is located at 8502 Dark Hawk Circle Columbia, MD.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Existing Howard County Rental Housing License for Apartment B; Private apartment includes separate entrance, living area, bedroom, full bath, and curbless accessible shower; 5–6 bedrooms and multiple distinct living areas
