First-Floor Office Condo
For Sale
Contact for pricing
8894 Stanford Blvd, Columbia, MD 21045
First-floor office condo with allocated common area included and basement storage cage.
Property Size2,079 SF
Price / SF$295
Days on Market213
Property Features for 8894 Stanford Blvd
General Information
Standard status
Active
Size
2,079 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
storage cage in the basement
Listing Agency:
KLNB - Columbia
(410) 290-1110
Listed By:
Charles "Chuck" Breitenother
(443) 574-1422
Source:
Moodyscre
Added: Feb 13
Changed: Aug 15
Last Checked: Sep 14 at 12:35PM
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 KLNB - Columbia
Investment Insights
Based on property information with market context.
This first-floor office condo offers 2,079 saleable square feet, including 17% of allocated common area. The unit includes a storage cage in the basement, providing added secured space for day-to-day operational needs.
The property is positioned with access to Routes 29, 175, 1, 32, and I-95, supporting convenient regional connectivity for employees and visitors.
For sale as an individually owned office unit, this configuration is well suited to organizations looking for a manageable in-building footprint with shared common area allocation and onsite storage.
The property is positioned with access to Routes 29, 175, 1, 32, and I-95, supporting convenient regional connectivity for employees and visitors.
For sale as an individually owned office unit, this configuration is well suited to organizations looking for a manageable in-building footprint with shared common area allocation and onsite storage.
Key Highlights
- First‑floor office condo with 2,079 saleable sq ft including 17% allocated common area
- Basement storage cage included
- Access to Routes 29, 175, 1, 32 and I‑95
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
$33,315
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
5.43%
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%
$666,300
$666.3K
Cap Rate 7%
$475,929
$475.9K
Cap Rate 9%
$370,167
$370.2K
Market Conditions
NOI Build-Up for 2,079 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
$53.4K $25.68/SF
− Vacancy
−$9.0K −$4.31/SF
EGI
$44.4K $21.37/SF
− OpEx
−$11.1K −$5.34/SF
NOI
$33.3K $16.02/SF
Area
Columbia, MD
Vacancy
16.80%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
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%
$666,300
Cap Rate 7%
$475,929
Cap Rate 9%
$370,167
Alternative Uses
Best Use
Office B
$475.9K
$416.4K – $555.3K
NOI $33,315 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$661.0K
$578.4K – $771.1K
NOI $46,268 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,558
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - First-floor office condo with allocated common area included and basement storage cage.
Where is this office units located?
The property is located at 8894 Stanford Blvd Columbia, MD.
What is the asking price?
The asking price for this property is $613,305.
What are key features of this property?
This property features: First‑floor office condo with 2,079 saleable sq ft including 17% allocated common area; Basement storage cage included; Access to Routes 29, 175, 1, 32 and I‑95
