First-Floor Office
New
For Sale
$259,325
5052 DORSEY HALL DRIVE #102, Ellicott City, MD 21042
Five rooms, a kitchenette, and a private restroom provide a practical layout for professional or medical use, subject to approvals.
Property Size1,054 SF
Price / SF$246.04
Days on Market3
Property Features for 5052 DORSEY HALL DRIVE #102
General Information
Standard status
Active
Size
1,054 SF
Property subtype
Commercial
Zoning
POR
Additional Details
Floor
First Floor
Building Details
Year Built
1989
Construction
brick
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Coldwell Banker Realty
(301) 983-0200
Listed By:
Jasmine Adjetey · License #5003201
(301) 820-5056
Source:
Cummingsrealtors
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:06AM
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 office condominium occupies the first floor and has five rooms arranged around a central hallway. A dedicated entrance, eat-in kitchenette, private restroom, and multiple windows are part of the layout. The building dates to 1989 and is zoned POR. Improvements include HVAC installed in 2023, main-area flooring and paint updated in 2022–2023, a kitchenette renovation in 2019, and restroom work in 2018.
The property is in Dorsey Hall Professional Park in Ellicott City, near Dorsey Hall Village Center, The Mall in Columbia, Centennial Park, and Howard County General Hospital. The Columbia and Ellicott City business corridors are also nearby.
Month-to-month tenants currently occupy the space. Surface parking is available within the complex. Professional and medical uses are described as possible, subject to applicable approvals.
The property is in Dorsey Hall Professional Park in Ellicott City, near Dorsey Hall Village Center, The Mall in Columbia, Centennial Park, and Howard County General Hospital. The Columbia and Ellicott City business corridors are also nearby.
Month-to-month tenants currently occupy the space. Surface parking is available within the complex. Professional and medical uses are described as possible, subject to applicable approvals.
Key Highlights
- 1,054‑square‑foot, first‑floor office condominium
- Five‑room plan with central hallway and dedicated entrance
- Eat‑in kitchenette and private restroom
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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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
863
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Five rooms, a kitchenette, and a private restroom provide a practical layout for professional or medical use, subject to approvals.
Where is this office units located?
The property is located at 5052 DORSEY HALL DRIVE #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 office condominium; Five‑room plan with central hallway and dedicated entrance; Eat‑in kitchenette and private restroom
