Jessup Flex Condo
1-2-8017 Dorsey Run Rd Jessup, MD 20794
1-2-8017 Dorsey Run Rd, Jessup, MD, 20794
$1,165,000
For Sale
$1,165,000
6500 sq ft flex condo in Jessup area.
Property Size6,500 SF
Price / SF$179.23
Days on Market66
Property Features for 1-2-8017 Dorsey Run Rd
General Information
- Standard status
- Active
- Size
- 6,500 SF
Listing Agency
Fathom Realty MD, LLC
(443) 324-3280
Listed by
Gennady Fayer · License #588934
(443) 324-3280
Source
Exprealty
Added: May 13 Checked: Jul 16 at 3:23 pm
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 Fathom Realty MD, LLC
Investment Insights
Based on property information with market context.
This property features two units with two bays, totaling approximately 6500 sq ft. The space can be separated if desired. Currently, the layout includes multiple offices, bathrooms, a kitchenette, and open warehouse space. This configuration makes it suitable for an owner-user or investor. It presents a rare opportunity to acquire a sizable flex condo property in the Jessup area, offering flexibility for immediate use and long-term investment. There is a possibility for the current tenant to remain for up to two more years. The owner believes the property is also Skiffable.
Key Highlights
- Sizable flex condo property (approx. 6500 sq ft) suitable for owner‑user or investor.
- Two units with two bays, offering potential for separation.
- Features multiple offices, bathrooms, kitchenette, and open warehouse space.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.0k | $24.00 |
| − Vacancy | −$5.9k | −$0.91 |
| EGI | $150.1k | $23.09 |
| − OpEx | −$52.5k | −$8.08 |
| NOI | $97.5k | $15.01 |
6,500 SF · lease $24.00/SF/yr · vacancy 3.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.39M
$1.22M – $1.63M
NOI $97,547 @ 7.0% cap · market cap 8.37%
Second Best
Industrial
$1.06M
$926.5K – $1.24M
NOI $74,120 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,738 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Common Sense Cuisine — 7615 Hearthside Way, Elkridge, MD 21075
FAQs
What type of property is this?
Flex space - 6500 sq ft flex condo in Jessup area.
Where is this flex space located?
The property is located at 1-2-8017 Dorsey Run Rd Jessup, MD.
What is the asking price?
The asking price for this property is $1,165,000.
What are key features of this property?
This property features: Sizable flex condo property (approx. 6500 sq ft) suitable for owner‑user or investor.; Two units with two bays, offering potential for separation.; Features multiple offices, bathrooms, kitchenette, and open warehouse space.
