Residential Income
For Sale
$310,000
8573 FALLS RUN ROAD Unit I, Ellicott City, MD 21043
Residential income property built in 1990 at a named unit within a Maryland address.
Property Size1,157 SF
Days on Market16
Property Features for 8573 FALLS RUN ROAD Unit I
General Information
Standard status
Active
Size
1,157 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,353
Building Details
Building Size
1,157 SF
Year Built
1990
Listing Agency:
Keller Williams Lucido Agency
Listed By:
Robert J Lucido · License #17628
(410) 465-6900
Source:
Thehulsmangroup
Added: Sep 21
Changed: Oct 5
Last Checked: Oct 4 at 4:54PM
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 Lucido Agency
Investment Insights
Based on property information with market context.
This residential income property is identified as Unit I at 8573 Falls Run Road. The property was built in 1990 and is classified as a residential income asset. The available information identifies the property in Ellicott City, Maryland, with ZIP Code 21043.
Key Highlights
- Residential income property classification
- Built in 1990
- Unit I at 8573 Falls Run Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,775
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,500
$315.5K
Cap Rate 7%
$225,357
$225.4K
Cap Rate 9%
$175,278
$175.3K
Market Conditions
NOI Build-Up for 1,157 SF
Gross rent
$30.1K $26.04/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$28.7K $24.79/SF
− OpEx
−$12.9K −$11.16/SF
NOI
$15.8K $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 Rate 5%
$315,500
Cap Rate 7%
$225,357
Cap Rate 9%
$175,278
Alternative Uses
Best Use
Apartment 5plus
$225.4K
$197.2K – $262.9K
NOI $15,775 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.1K
$375.4K – $500.6K
NOI $30,035 @ 7.0% cap · market cap 9.69%
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
378
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property built in 1990 at a named unit within a Maryland address.
Where is this residential income property located?
The property is located at 8573 FALLS RUN ROAD Unit I Ellicott City, 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: Residential income property classification; Built in 1990; Unit I at 8573 Falls Run Road
