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    3221-3223 Corporate Ct Ellicott City, MD 21042

    Sponsored
    For Sale
    $390,000

    1,839 SF Office Building, Two Units

    Property size:
    1,839 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 1,839 square foot traditional office building located at 3221-3223 Corporate Ct, Ellicott City, MD 21042. The property, built in 1987, consists of two joined units, each with its own condo fee and tax bill. Currently leased to a long-term tenant (over 20 years), the sale is subject to the existing lease. The interior is primarily configured as shower rooms and private spa rooms, supplemented by a kitchenette. The asking price is $390,000, translating to $212.07 per square foot. Given the long-term tenant and strong rental income, this presents a stable investment opportunity. Showings are limited due to the tenant's privacy concerns, as it's a private, monitored spa. A significant incentive is offered: the seller will cover one year's condo fees for settlements completed within 90 days. This is a NNN lease with a single tenant. This is a unique opportunity to acquire a well-established, income-producing property in a desirable Howard County location. Please note that both tax records (for 3221 and 3223 Corporate Ct) should be reviewed. The property is sold as a single unit, encompassing both 3221 and 3223 Corporate Ct. The 90-day settlement timeframe for the condo fee incentive is non-negotiable.

    Property Features for 3221-3223 Corporate Ct

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,839 SF

    Building Details

    Year Built
    1987
    Units
    2

    HighLights

    • Confidentiality agreement required.
    • Investment opportunity: Two adjacent condo units (3221 & 3223 Corp Ct.) sold together; two condo fees and two tax bills apply.
    • Long‑term tenant in place; sale subject to existing lease.
    • Showings are limited due to the property's use as a private, monitored spa.
    • Interior features multiple shower rooms, private spa rooms, and a kitchenette.
    • Strong rental income with tenants in place for over 20 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ellicott City
    County
    Howard
    State
    Maryland
    Longitude
    -76.862994374841
    Latitude
    39.282373688447

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    FAQs

    What type of property is this?
    Office Property / Space - 1,839 SF Office Building, Two Units
    Where is this office property / space located?
    The property is located at 3221-3223 Corporate Ct Ellicott City, MD.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Confidentiality agreement required.; Investment opportunity: Two adjacent condo units (3221 & 3223 Corp Ct.) sold together; two condo fees and two tax bills apply.; Long-term tenant in place; sale subject to existing lease.
    Request Owner's contact information
    3221-3223 Corporate Ct Ellicott City, MD 21042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3221-3223 Corporate Ct Ellicott City, MD 21042
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