Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1745 Dorsey Rd Hanover, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex/R&D space in Anne Arundel County business community.

    Type:FLEX_R_AND_D
    Property size:
    2,789 SF
    Lot size:
    15.71 Acres
    Added:
    Mar 13, 2024
    Days on Market:
    770
    Last Refresh:
    Apr 5 at 9:44 pm

    Property Features for 1745 Dorsey Rd

    General Information

    Standard status
    Active
    Size
    2,789 SF
    Lot size
    15.71 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 1745 Dorsey Rd Contact us

    We can help!

    Listing Contact
    Lacey Johansson

    Listing agent Lacey Johansson

    Listing office St. John Properties - Corporate

    Listing date Mar 13, 2024

    Source Moodyscre

    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 St. John Properties - Corporate

    Overview

    Flex Space Near BWI Airport

    This flex space is situated within an 18-acre business community in Anne Arundel County, encompassing 125,100 square feet of office, flex/R&D, and retail space. The property is located at the intersection of Dorsey Road and Coca Cola Drive. It is positioned approximately five miles from BWI Airport, two miles from Arundel Mills Mall, and seven miles from Fort Meade. The available space measures 2,789 square feet and is located on Dorsey Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6935
    Latitude
    39.1577

    Nearby Similar for Lease

    • $25/mo

      Hanover Office Space For Rent

      75,272 SF property with 13,979 SF available.
      7467 Ridge Rd, Hanover, MD
      View Details
    • $17/mo

      Turnkey Flex Space Sublease

      5,000 SF flex space near BWI Airport.
      941 Mercantile Drive Suite A-B, Hanover, MD 21076
      View Details
    • $17/mo

      Turnkey Flex Space with Warehouse

      Flex space with office layout and warehouse with dock doors.
      941 Mercantile Dr, Hanover, MD
      View Details
    • $19/mo

      Hanover Office Space For Rent

      Office space available in Hanover, Maryland.
      7250 Parkway Dr, Hanover, MD
      View Details
    • Contact for pricing

      Class A Office Building Hanover

      63,000 SF Class A office building near BWI Airport.
      7030 Dorsey Road, Hanover, MD, 21076
      View Details
    • Contact for pricing

      Arundel Mills Retail Space Available

      Retail spaces for lease in Arundel Mills Corporate Park.
      7550 Teague Rd, Hanover, MD 21076
      View Details
    • Contact for pricing

      Flex Space Near BWI Airport

      Flex/R&D space near BWI Airport with connections to major routes.
      980 Mercantile Dr, Hanover, MD
      View Details
    • Contact for pricing

      Corporate Office & Training Center

      Newly built office and training center available for sublease.
      7031 Ridge Rd, Hanover, MD 21076
      View Details
    • Contact for pricing

      Flex Space Near BWI Airport

      Flex space in Techwood Business Park, convenient location.
      1340 Charwood Road, Hanover, MD, 21076
      View Details
    • Contact for pricing

      Flex Space Near BWI Airport

      Flex space in Techwood Business Park, convenient location.
      1352 Charwood Road, Hanover, MD, 21076
      View Details
    • Contact for pricing

      Flex Space Near BWI Airport

      Flex space in Techwood Business Park, convenient location.
      1342 Charwood Road, Hanover, MD, 21076
      View Details
    • Contact for pricing

      Industrial Building A For Lease

      50,000 SF industrial building available for lease.
      7351 Coca Cola Dr, Hanover, MD 21075
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex/R&D space in Anne Arundel County business community.
    Where is this flex space located?
    The property is located at 1745 Dorsey Rd Hanover, MD.
    What are key features of this property?
    This property features: Excellent Location: Intersection of Dorsey Road and Coca Cola Drive; Close Proximity to Key Locations: Just 5 miles from BWI Airport, 2 miles from Arundel Mills Mall, and 7 miles from Fort Meade; Large Business Community: Situated within an 18‑acre Anne Arundel County business community
    (410) 788-0100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lacey Johansson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!