M-2 Mixed-Use
For Sale
$2,500,000
7968 DORSEY RUN ROAD, Jessup, MD 20794
House includes first-floor office space, an upper-level apartment, a large garage, and an oversized carport.
Property Size6,000 SF
Days on Market13
Property Features for 7968 DORSEY RUN ROAD
General Information
Standard status
Active
Size
6,000 SF
Property subtype
MixedUse
Zoning
M-2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,878
Building Details
Building Size
6,000 SF
Year Built
1956
Listing Agency:
EXP Realty, LLC
(443) 841-2855
Listed By:
Graham Salvo · License #5016079
(443) 841-2855
Source:
Thehulsmangroup
Added: Aug 13
Changed: Aug 24
Last Checked: Aug 24 at 3:09PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines a house with commercial and residential components. The first level contains office space, while the upper level provides an apartment. Additional improvements include a large garage and an extra-large carport, creating covered areas for vehicles, equipment, materials, or storage needs.
The property is located at 7968 Dorsey Run Road in Jessup, Maryland, and carries M-2 zoning. Road frontage is present along Dorsey Run Road. The improvements date to 1956. Any future use remains subject to applicable zoning requirements and approvals.
The property is located at 7968 Dorsey Run Road in Jessup, Maryland, and carries M-2 zoning. Road frontage is present along Dorsey Run Road. The improvements date to 1956. Any future use remains subject to applicable zoning requirements and approvals.
Key Highlights
- M‑2 zoning at 7968 Dorsey Run Road in Jessup, MD
- First‑level office space with an apartment above
- Large garage and extra‑large carport
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,645
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,512,900
$1.5M
Cap Rate 7%
$1,080,643
$1.1M
Cap Rate 9%
$840,500
$840.5K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$147.6K $24.60/SF
− Vacancy
−$26.6K −$4.43/SF
EGI
$121.0K $20.17/SF
− OpEx
−$45.4K −$7.56/SF
NOI
$75.6K $12.61/SF
Area
Howard County, MD
Vacancy
18.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,512,900
Cap Rate 7%
$1,080,643
Cap Rate 9%
$840,500
Alternative Uses
Best Use
Mixed Use
$1.08M
$945.6K – $1.26M
NOI $75,645 @ 7.0% cap · market cap 3.03%
Second Best
Industrial
$977.4K
$855.2K – $1.14M
NOI $68,418 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,758 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 20794, MD
16,658
Population
4,230
Households
3.9
Avg Household Size
37
Median Age
29%
College-Educated
82%
High-School Grad
9.6 sq mi
ZIP Area
1,735
Density / Sq Mi
$105,441
Median Household Income
$55,191
Median Earnings
$1,940
Median Rent
$393,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - House includes first-floor office space, an upper-level apartment, a large garage, and an oversized carport.
Where is this mixed-use property located?
The property is located at 7968 DORSEY RUN ROAD Jessup, MD.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: M‑2 zoning at 7968 Dorsey Run Road in Jessup, MD; First‑level office space with an apartment above; Large garage and extra‑large carport
