Office Suite with Shared
New
For Sale
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5074 DORSEY HALL DRIVE #104, Ellicott City, MD 21042
Utilities, weekly cleaning, and water-cooler access are included with the office.
Property Size2,944 SF
Price / SF$0.32
Days on Market4
Property Features for 5074 DORSEY HALL DRIVE #104
General Information
Standard status
Active
Size
2,944 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Amenities
shared lobby
reception area
bathroom
refrigerator
Building Details
Year Built
1994
Listing Agency:
Mr. Lister Realty
Listed By:
Jeremy Michael McDonough · License #REO40000175
(410) 486-4504
Source:
Cummingsrealtors
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:35PM
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 Mr. Lister Realty
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Investment Insights
Based on property information with market context.
This approximately 300-square-foot office is located in a professional building and shares a lobby, reception area, and bathroom. A refrigerator is also available for office users. Utilities, weekly cleaning, and access to a water cooler are included with the rent.
Parking is available directly in front of the building, providing convenient access for occupants and visitors.
Parking is available directly in front of the building, providing convenient access for occupants and visitors.
Key Highlights
- Approximately 300‑square‑foot private office
- Shared lobby, reception area, and bathroom
- Utilities and weekly cleaning included with rent
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 2,172.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$955.3K – $1.27M
NOI $76,425 @ 7.0% cap · market cap 8,044.74%
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Utilities, weekly cleaning, and water-cooler access are included with the office.
Where is this office unit located?
The property is located at 5074 DORSEY HALL DRIVE #104 Ellicott City, MD.
What are key features of this property?
This property features: Approximately 300‑square‑foot private office; Shared lobby, reception area, and bathroom; Utilities and weekly cleaning included with rent
