Add Listing
    For Sale
    • 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

    5094 Dorsey Hall Dr #205 Ellicott City, MD 21042

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $529,900

    Renovated commercial office suite in Ellicott City's Dorsey Hall.

    Lot size:
    1.20 Acres

    Property Features for 5094 Dorsey Hall Dr #205

    General Information

    Standard status
    Active
    Lot size
    1.20 Acres

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    Maja Likakis
    Maja Likakis
    Source: Corcoran

    Listing Agency: MONUMENT SOTHEBY'S INTERNATIONAL REALTY Listing Agent: Maja Likakis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Office Suite in Ellicott

    Located in Ellicott City's Dorsey Hall Professional Park, this renovated commercial office suite encompasses two suites on the second level, offering a total of 2,241 square feet. The versatile floor plan is tailored to suit specific requirements, with private offices, conference rooms, and collaborative work areas. Modern amenities include high-speed internet connectivity and well-maintained common areas. The condo association covers the water bill, exterior, and hallway maintenance. The location provides easy access to major transportation routes, retail centers, dining, and a thriving professional network. This space can meet the needs of various professional services and is suited for use as a worksharing office space. It offers the potential to use one office space for a business and rent the remaining office suites.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellicott City
    County
    Howard
    State
    Maryland
    Longitude
    -76.8979
    Latitude
    39.2682

    Nearby Similar for Sale

    • $529,900
      1.20 Acres

      Ellicott City Commercial Office Suites

      Renovated office suites in Ellicott City's Dorsey Hall Professional
      5094 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
    • $249,000

      Ellicott City Professional Office Condo

      Bright, move-in ready office condo with high-speed connectivity.
      5044 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
    • $529,900

      Renovated Office Suite in Ellicott City

      Renovated commercial office suite in Dorsey Hall Professional Park.
      5094 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
    • $425,000
      13,692 SF

      Ellicott City Office Suites For Sale

      Office suites available for sale in Ellicott City, Maryland.
      5024 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
    • $245,000
      8,000 SF

      Office Suites For Sale

      Office suites available for purchase in Ellicott City.
      10304-10310 Baltimore National Pike, Ellicott City, MD 21042
      View Details
    • $175,000

      Ellicott City Commercial Condo

      Commercial condo with income potential in Ellicott City, MD.
      3450 Ellicott Center Dr, Ellicott City, MD 21043
      View Details
    • $730,000

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
      4718 Bounty Ct, Ellicott City, MD 21043
      View Details
    • $669,900

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
      4809 Red Hill Way, Ellicott City, MD 21043
      View Details
    • $875,000

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
      9305 Furrow Ave, Ellicott City, MD 21042
      View Details
    • $925,000

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
      9319 Meadow Hill Rd, Ellicott City, MD 21042
      View Details
    • $600,000

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
      9814 Millwick Dr, Ellicott City, MD 21042
      View Details
    • $410,000

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
      8135 Cyprus Cedar Ln, Ellicott City, MD 21043
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated commercial office suite in Ellicott City's Dorsey Hall.
    Where is this office units located?
    The property is located at 5094 Dorsey Hall Dr #205 Ellicott City, MD.
    What is the asking price?
    The asking price for this property is $529,900.
    What are key features of this property?
    This property features: - Prime location in Ellicott City's Dorsey Hall Professional Park with easy access to transportation, retail, and dining.; - **Large, renovated commercial office suite totaling 2,241 square feet.**; - Versatile floor plan with private offices, conference rooms, and collaborative work areas.
    (443) 850-9968
    Request Owner's contact information
    5094 Dorsey Hall Dr #205 Ellicott City, MD 21042
    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.
    5094 Dorsey Hall Dr #205
    Ellicott City, MD 21042
    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
    5094 Dorsey Hall Dr #205 Ellicott City, MD 21042
    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

    We can help!
    Listing Contact
    Maja Likakis
    Maja Likakis
    Real Estate License ID: 679651
    (443) 850-9968 (443) 746-2090 (410) 525-5435
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!