Top-Floor Residential Income
New
For Sale
$155,000
9625 WHITEACRE ROAD Unit C-1, Columbia, MD 21045
Updated top-floor condominium with flexible den space, dedicated storage, shared laundry, and parking for two cars.
Property Size734 SF
Days on Market5
Property Features for 9625 WHITEACRE ROAD Unit C-1
General Information
Standard status
Active
Size
734 SF
Total Parking Spaces
2
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,785
Amenities
dedicated storage unit
shared laundry facilities
Building Details
Building Size
734 SF
Year Built
1973
Listing Agency:
The KW Collective
(443) 285-2047
Listed By:
Amy Studdard · License #664000
(443) 285-2047
Source:
Thehulsmangroup
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 23 at 7:54AM
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 The KW Collective
Investment Insights
Based on property information with market context.
This top-floor condominium is located in an end building within the Shadow Oaks community. The one-bedroom, one-bath layout includes a living room connected to the dining area, a kitchen with extensive cabinetry and a custom backsplash, and a den or bonus room that can serve as an office, small bedroom, or playroom. The primary bedroom has a walk-in closet. Fresh paint and new carpet add to the unit’s move-in-ready condition.
The secured building overlooks green space and mature trees. The property includes a dedicated storage unit, shared laundry facilities, and parking for two cars. The condominium fee covers water, storage, parking, exterior maintenance, landscaping, snow removal, trash, the roof, master insurance, and interior building maintenance and cleaning.
Access is provided to Routes 175, 29, 32, and I-95. Shopping, dining, parks, recreation, and walking and biking trails are nearby, including routes to Blandair and The Lakefront. The condominium was built in 1973.
The secured building overlooks green space and mature trees. The property includes a dedicated storage unit, shared laundry facilities, and parking for two cars. The condominium fee covers water, storage, parking, exterior maintenance, landscaping, snow removal, trash, the roof, master insurance, and interior building maintenance and cleaning.
Access is provided to Routes 175, 29, 32, and I-95. Shopping, dining, parks, recreation, and walking and biking trails are nearby, including routes to Blandair and The Lakefront. The condominium was built in 1973.
Key Highlights
- Top‑floor, one‑bedroom, one‑bath condominium in an end building
- Fresh paint and new carpet
- Flexible den or bonus room for office, small bedroom, or playroom use
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
$9,542
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
6.16%
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%
$190,840
$190.8K
Cap Rate 7%
$136,314
$136.3K
Cap Rate 9%
$106,022
$106.0K
Market Conditions
NOI Build-Up for 734 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
$18.5K $25.20/SF
− Vacancy
−$1.1K −$1.56/SF
EGI
$17.3K $23.64/SF
− OpEx
−$7.8K −$10.64/SF
NOI
$9.5K $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%
$190,840
Cap Rate 7%
$136,314
Cap Rate 9%
$106,022
Alternative Uses
Best Use
Apartment 5plus
$136.3K
$119.3K – $159.0K
NOI $9,542 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.4K
$204.2K – $272.3K
NOI $16,335 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
375
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated top-floor condominium with flexible den space, dedicated storage, shared laundry, and parking for two cars.
Where is this residential income property located?
The property is located at 9625 WHITEACRE ROAD Unit C-1 Columbia, MD.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Top‑floor, one‑bedroom, one‑bath condominium in an end building; Fresh paint and new carpet; Flexible den or bonus room for office, small bedroom, or playroom use
