Renovated Income Property with
For Sale
$209,000
9625 WHITEACRE ROAD Unit A-2, Columbia, MD 21045
First-floor condominium with updated interiors, in-unit laundry, and a private walk-out patio overlooking green space.
Property Size953 SF
Days on Market32
Property Features for 9625 WHITEACRE ROAD Unit A-2
General Information
Standard status
Active
Size
953 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,275
Building Details
Building Size
953 SF
Year Built
1973
Listing Agency:
ExecuHome Realty
(410) 960-2949
Listed By:
Dimitrios Lynch Jr. · License #621538
(410) 960-2949
Source:
Thehulsmangroup
Added: Jul 21
Changed: Aug 21
Last Checked: Aug 21 at 10:51AM
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 ExecuHome Realty
Investment Insights
Based on property information with market context.
This first-floor, walk-out condominium has been renovated throughout with a new kitchen featuring quartz countertops, backsplash, cabinetry, and stainless steel appliances. New flooring, light fixtures, and bath exhaust fans complement two bedrooms, including a 13'5" x 13' primary suite with a walk-in closet. The second bedroom includes a double-wide closet.
The updated Jack-and-Jill bathroom provides separate vanity areas, toilets, and sinks for the primary suite and hallway, with a shared shower finished with a new surround. A dedicated laundry room adds practical convenience, while the living room extends more than 20 feet to a private brick-paved patio enclosed by a privacy wall. The patio backs to open green space and mature trees. Outdoor courts are located within a short walk, including space used for pickleball.
The updated Jack-and-Jill bathroom provides separate vanity areas, toilets, and sinks for the primary suite and hallway, with a shared shower finished with a new surround. A dedicated laundry room adds practical convenience, while the living room extends more than 20 feet to a private brick-paved patio enclosed by a privacy wall. The patio backs to open green space and mature trees. Outdoor courts are located within a short walk, including space used for pickleball.
Key Highlights
- First‑floor, walk‑out condominium at 9625 WHITEACRE ROAD Unit: A‑2, COLUMBIA, MD 21045
- Renovated kitchen with quartz counters, backsplash, new cabinetry, and stainless steel appliances
- Two bedrooms, including a 13'5" x 13' primary suite with walk‑in closet
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
$12,390
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
5.93%
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%
$247,800
$247.8K
Cap Rate 7%
$177,000
$177.0K
Cap Rate 9%
$137,667
$137.7K
Market Conditions
NOI Build-Up for 953 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
$24.0K $25.20/SF
− Vacancy
−$1.5K −$1.56/SF
EGI
$22.5K $23.64/SF
− OpEx
−$10.1K −$10.64/SF
NOI
$12.4K $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%
$247,800
Cap Rate 7%
$177,000
Cap Rate 9%
$137,667
Alternative Uses
Best Use
Apartment 5plus
$177.0K
$154.9K – $206.5K
NOI $12,390 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.0K
$265.1K – $353.5K
NOI $21,209 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 - First-floor condominium with updated interiors, in-unit laundry, and a private walk-out patio overlooking green space.
Where is this residential income property located?
The property is located at 9625 WHITEACRE ROAD Unit A-2 Columbia, MD.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: First‑floor, walk‑out condominium at 9625 WHITEACRE ROAD Unit: A‑2, COLUMBIA, MD 21045; Renovated kitchen with quartz counters, backsplash, new cabinetry, and stainless steel appliances; Two bedrooms, including a 13'5" x 13' primary suite with walk‑in closet
