5808 RACE ROAD
About This Property
Whether you're a custom home buyer dreaming of designing your forever home from the ground up or an investor seeking a prime opportunity in a high-demand location, this offering delivers outstanding potential. Imagine building a beautiful custom residence tailored to your lifestyle while enjoying all the conveniences that Howard County has to offer.
Ideally situated just minutes from major commuter routes, shopping, dining, parks, recreation, and entertainment, this location offers the perfect balance of accessibility and neighborhood charm. Vacant land in Elkridge is becoming increasingly scarce, making opportunities like this exceptionally rare.
For builders and investors, this property represents a compelling investment in an area with strong buyer demand and continued residential growth. The combination of location, limited land availability, and future appreciation potential makes this a standout opportunity for development, long-term investment, or resale.
Don't miss your chance to secure this hidden gem in one of Howard County's most sought-after communities. Opportunities like this are few and far between. Contact the Co-Listing Agent today for additional information, available documentation, or to schedule a private property walk-through.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2026 | Listed by Long & Foster Real Estate, Inc. | $250,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017