Five-Room Medical Office
New
For Sale
$259,325
5052 DORSEY HALL DRIVE Unit 102, Ellicott City, MD 21042
First-floor professional space includes a private entrance, kitchenette, restroom, and surface parking within the complex.
Property Size1,054 SF
Price / SF$246.04
Days on Market2
Property Features for 5052 DORSEY HALL DRIVE Unit 102
General Information
Standard status
Active
Size
1,054 SF
Property subtype
Office
Zoning
POR
Additional Details
Floor
1
Taxes and HOA fees
Annual Taxes
$3,524
Building Details
Building Size
1,054 SF
Year Built
1989
Construction
brick
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Coldwell Banker Realty
Listed By:
Jasmine Adjetey · License #5003201
(301) 820-5056
Source:
Thehulsmangroup
Added: Oct 16
Last Checked: Oct 16 at 5:33AM
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
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Investment Insights
Based on property information with market context.
This 1,054-square-foot medical office condominium has a five-room layout on the first floor, with a dedicated entrance and central hallway. Windows bring natural light into the space, which also includes an eat-in kitchenette and private restroom. The building dates to 1989, and the property is zoned POR.
Improvements include a replacement HVAC system in 2023, updated flooring and paint in the main areas during 2022–2023, a kitchenette renovation in 2019, and a restroom update in 2018. Surface parking is available within the professional park. The space is occupied by month-to-month tenants.
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.
Improvements include a replacement HVAC system in 2023, updated flooring and paint in the main areas during 2022–2023, a kitchenette renovation in 2019, and a restroom update in 2018. Surface parking is available within the professional park. The space is occupied by month-to-month tenants.
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.
Key Highlights
- 1,054‑square‑foot first‑floor medical office condominium
- Five‑room layout with dedicated entrance and central hallway
- POR zoning; built in 1989
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.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Laurel Park Animal Hospital — 5115 columbia rd, columbia, md 21044
- Banfield Pet Hospital — 4735 Dorsey Hall Dr, Ellicott City, MD 21042
Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor professional space includes a private entrance, kitchenette, restroom, and surface parking within the complex.
Where is this medical office space located?
The property is located at 5052 DORSEY HALL DRIVE Unit 102 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 first‑floor medical office condominium; Five‑room layout with dedicated entrance and central hallway; POR zoning; built in 1989
