Five-Room Office
For Sale
$259,325
102-5052 Dorsey Hall Dr, Ellicott City, MD 21042
First-floor office or medical space has a dedicated entrance, private restroom, and month-to-month occupancy.
Property Size1,054 SF
Price / SF$246.04
Days on Market16
Property Features for 102-5052 Dorsey Hall Dr
General Information
Standard status
Active
Size
1,054 SF
Zoning
POR
Additional Details
Floor
1
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,524
Building Details
Year Built
1989
Construction
brick
Owner Occupied
No
Listing Agency:
Coldwell Banker Realty
(301) 983-0200
Listed By:
Jasmine Adjetey · License #5003201
(301) 820-5056
Source:
Exprealty
Added: Oct 13
Changed: Oct 25
Last Checked: Oct 28 at 10:49AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,054-square-foot office condominium is on the first floor and arranged as five rooms off a central hall. The space includes a dedicated entrance, eat-in kitchenette, private restroom, and multiple windows. Built in 1989, the property is zoned POR. HVAC was replaced in 2023; main-area flooring and paint were refreshed in 2022–2023, with the kitchenette updated in 2019 and restroom in 2018.
Surface parking is available in the complex. Nearby destinations include Dorsey Hall Village Center, The Mall in Columbia, Centennial Park, and Howard County General Hospital, with Columbia and Ellicott City business corridors also in the surrounding area. Month-to-month tenants currently occupy the condominium.
Surface parking is available in the complex. Nearby destinations include Dorsey Hall Village Center, The Mall in Columbia, Centennial Park, and Howard County General Hospital, with Columbia and Ellicott City business corridors also in the surrounding area. Month-to-month tenants currently occupy the condominium.
Key Highlights
- 1,054‑square‑foot office condominium with a five‑room layout
- First‑floor space with a dedicated entrance, central hallway, kitchenette, and private restroom
- HVAC replaced in 2023; main‑area flooring and paint updated in 2022–2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,757
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,140
$255.1K
Cap Rate 7%
$182,243
$182.2K
Cap Rate 9%
$141,744
$141.7K
Market Conditions
NOI Build-Up for 1,054 SF
Gross rent
$25.9K $24.60/SF
− Vacancy
−$4.7K −$4.43/SF
EGI
$21.3K $20.17/SF
− OpEx
−$8.5K −$8.07/SF
NOI
$12.8K $12.10/SF
Area
Howard County, MD
Vacancy
18.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,140
Cap Rate 7%
$182,243
Cap Rate 9%
$141,744
Alternative Uses
Best Use
Healthcare Medical
$182.2K
$159.5K – $212.6K
NOI $12,757 @ 7.0% cap · market cap 4.92%
Second Best
Office B
$105.6K
$92.4K – $123.2K
NOI $7,390 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$390.9K
$342.0K – $456.0K
NOI $27,361 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 21042, MD
43,147
Population
15,269
Households
2.8
Avg Household Size
43
Median Age
75%
College-Educated
98%
High-School Grad
37.0 sq mi
ZIP Area
1,166
Density / Sq Mi
$190,504
Median Household Income
$94,089
Median Earnings
$2,253
Median Rent
$674,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor office or medical space has a dedicated entrance, private restroom, and month-to-month occupancy.
Where is this office unit located?
The property is located at 102-5052 Dorsey Hall Dr Ellicott City, MD.
What is the asking price?
The asking price for this property is $259,325.
What are key features of this property?
This property features: 1,054‑square‑foot office condominium with a five‑room layout; First‑floor space with a dedicated entrance, central hallway, kitchenette, and private restroom; HVAC replaced in 2023; main‑area flooring and paint updated in 2022–2023
