Second-Floor Office
5044 DORSEY HALL DRIVE #204, Ellicott City, MD 21042
For Sale
New
Contact for pricing
Four private offices, a reception area, and adaptable auxiliary space support a range of professional operations.
Property Size2,944 SF
Price / SF$0.85
Days on Market5
Property Features for 5044 DORSEY HALL DRIVE #204
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Condition
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Long & Foster Real Estate, Inc.
(301) 388-2600
Listed By:
Coni L Otto · License #608255
(240) 483-7556
Source:
Cummingsrealtors
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 10:40AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 2,944-square-foot office condo occupies the second floor at 5044 Dorsey Hall Drive, Suite 204, in Ellicott City. The layout includes four offices, a reception area, and a storage room that can also serve as an additional office. Natural light reaches the workspace, and the building dates to 1989.
Fios and Comcast service are available, providing two options for high-speed internet connectivity. The combination of private work areas, client reception space, and flexible auxiliary space gives the suite a practical configuration for office use.
Fios and Comcast service are available, providing two options for high-speed internet connectivity. The combination of private work areas, client reception space, and flexible auxiliary space gives the suite a practical configuration for office use.
Key Highlights
- 2,944‑square‑foot office condo
- Four offices plus a reception area
- Storage room can be configured as an additional office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,640
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,800
$412.8K
Cap Rate 7%
$294,857
$294.9K
Cap Rate 9%
$229,333
$229.3K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$33.6K $11.40/SF
− Vacancy
−$6.0K −$2.05/SF
EGI
$27.5K $9.35/SF
− OpEx
−$6.9K −$2.34/SF
NOI
$20.6K $7.01/SF
Area
Howard County, MD
Vacancy
18.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,800
Cap Rate 7%
$294,857
Cap Rate 9%
$229,333
Alternative Uses
Best Use
Office B
$294.9K
$258.0K – $344.0K
NOI $20,640 @ 7.0% cap · market cap 825.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$955.3K – $1.27M
NOI $76,425 @ 7.0% cap · market cap 3,057.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
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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
$674,700
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Howard County, MD
Properties on Market for Office Units in Howard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Four private offices, a reception area, and adaptable auxiliary space support a range of professional operations.
Where is this office unit located?
The property is located at 5044 DORSEY HALL DRIVE #204 Ellicott City, MD.
What are key features of this property?
This property features: 2,944‑square‑foot office condo; Four offices plus a reception area; Storage room can be configured as an additional office
