Three-Bedroom Residential Income
New
For Sale
$245,000
8717 HAYSHED LANE Unit 44, Columbia, MD 21045
Top-floor condominium with an open living area, updated finishes, and flexible room use in Columbia’s Longreach Village.
Property Size1,086 SF
Days on Market4
Property Features for 8717 HAYSHED LANE Unit 44
General Information
Standard status
Active
Size
1,086 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Building Details
Building Size
1,086 SF
Year Built
1974
Year Renovated
2024
Listing Agency:
Houwzer, LLC
Listed By:
Pamela Debnam · License #SP200200774
(252) 903-3616
Source:
Thehulsmangroup
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 13 at 1:19PM
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 Houwzer, LLC
Investment Insights
Based on property information with market context.
This top-floor condominium at Longreach House offers an open arrangement connecting the living, dining, and kitchen areas. The residence includes three bedrooms with large closets, along with 1 1/4 bathrooms. Fresh interior paint and professionally cleaned carpeting contribute to the current presentation, while the kitchen and bathrooms received renovations in 2024. The layout also provides room for guest accommodations, office use, or other flexible needs.
The property is located within Longreach Village in Columbia, Maryland, at 8717 Hayshed Lane, Unit 44. Built in 1974, the condominium is being offered in as-is condition. A completed pre-listing inspection report is available for buyer review.
The property is located within Longreach Village in Columbia, Maryland, at 8717 Hayshed Lane, Unit 44. Built in 1974, the condominium is being offered in as-is condition. A completed pre-listing inspection report is available for buyer review.
Key Highlights
- Three‑bedroom top‑floor condominium
- Kitchen renovation completed in 2024
- 1 1/4 bathrooms renovated in 2024
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
$14,119
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
5.76%
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%
$282,380
$282.4K
Cap Rate 7%
$201,700
$201.7K
Cap Rate 9%
$156,878
$156.9K
Market Conditions
NOI Build-Up for 1,086 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
$27.4K $25.20/SF
− Vacancy
−$1.7K −$1.56/SF
EGI
$25.7K $23.64/SF
− OpEx
−$11.6K −$10.64/SF
NOI
$14.1K $13.00/SF
Area
Columbia, MD
Vacancy
6.20%
Lease Rate
$25.20 /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%
$282,380
Cap Rate 7%
$201,700
Cap Rate 9%
$156,878
Alternative Uses
Best Use
Apartment 5plus
$201.7K
$176.5K – $235.3K
NOI $14,119 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.3K
$302.1K – $402.8K
NOI $24,169 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condominium with an open living area, updated finishes, and flexible room use in Columbia’s Longreach Village.
Where is this residential income property located?
The property is located at 8717 HAYSHED LANE Unit 44 Columbia, MD.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Three‑bedroom top‑floor condominium; Kitchen renovation completed in 2024; 1 1/4 bathrooms renovated in 2024
