Medical Office
For Sale
Contact for pricing
5300 Dorsey Hall Drive, Ellicott City, MD 21042
Professional medical and service building built in 2005, positioned near major access roads and nearby shopping.
Property Size9,988 SF
Price / SF$215.26
Days on Market96
Property Features for 5300 Dorsey Hall Drive
General Information
Standard status
Active
Size
9,988 SF
Class
B
Total Parking Spaces
80
Property subtype
Office
Zoning
POR
Lease Type
Modified Gross
Building Details
Year Built
2005
Buildings
1
Units
5
Listing Agency:
R&R Commercial Realty
Listed By:
Randy Pinato · License #MD 627496
(443) 253-8800
Source:
Crexi
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 30 at 1:43PM
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 R&R Commercial Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Medical Office Space located at 5300 Dorsey Hall Drive in Ellicott City, MD. The property is a professional building supporting medical and professional services and was built in 2005.
The site is described as being near key access road systems and shopping. A radiology center is across the road, and Lab Corp is less than 0.7 miles away, supporting convenience for patients and staff.
With approximately 9,988 SF, this building is positioned for medical and professional tenants looking for a dedicated facility in a well-connected retail-and-service area.
The site is described as being near key access road systems and shopping. A radiology center is across the road, and Lab Corp is less than 0.7 miles away, supporting convenience for patients and staff.
With approximately 9,988 SF, this building is positioned for medical and professional tenants looking for a dedicated facility in a well-connected retail-and-service area.
Key Highlights
- Built in 2005
- Approximately 9,988 SF
- Radiology center across the road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,887
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,417,740
$2.4M
Cap Rate 7%
$1,726,957
$1.7M
Cap Rate 9%
$1,343,189
$1.3M
Market Conditions
NOI Build-Up for 9,988 SF
Gross rent
$245.7K $24.60/SF
− Vacancy
−$44.2K −$4.43/SF
EGI
$201.5K $20.17/SF
− OpEx
−$80.6K −$8.07/SF
NOI
$120.9K $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%
$2,417,740
Cap Rate 7%
$1,726,957
Cap Rate 9%
$1,343,189
Alternative Uses
Best Use
Healthcare Medical
$1.73M
$1.51M – $2.01M
NOI $120,887 @ 7.0% cap · market cap 5.62%
Second Best
Office B
$1.00M
$875.3K – $1.17M
NOI $70,026 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,285 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
876
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
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 - Professional medical and service building built in 2005, positioned near major access roads and nearby shopping.
Where is this medical office space located?
The property is located at 5300 Dorsey Hall Drive Ellicott City, MD.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Built in 2005; Approximately 9,988 SF; Radiology center across the road
