Flex Condo Warehouse
8017 Dorsey Run Rd #1-2 Jessup, MD 20794
For Sale
$1,165,000
Two flex condo units with two bays, offices, bathrooms, kitchenette, and open warehouse space available together or separately.
Property Size6,500 SF
Price / SF$179.23
Days on Market73
Property Features for 8017 Dorsey Run Rd #1-2
General Information
- Standard status
- Active
- Size
- 6,500 SF
Building Details
- Year Built
- 2005
Listing Agency:
Fathom Realty Maryland
(443) 324-3280
Listed By:
Gennady Fayer · License #588934
(443) 324-3280
Source:
Evrealestate
Added: May 13
Changed: Jul 23
Last Checked: Jul 23 at 2:04PM
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 Fathom Realty Maryland
Investment Insights
Based on property information with market context.
This for-sale flex condo property features two units with two bays, totaling approximately 6,500 square feet. The spaces are designed for flexible use and include multiple offices, bathrooms, a kitchenette, and open warehouse area, with the ability to separate the units if desired.
The property is located in the Jessup area of Howard County, Maryland. Public remarks indicate a possibility for the current tenant to remain for up to two more years.
As configured, the combination of office improvements and open warehouse space supports owner-user occupancy or investment use, depending on how the units are handled at closing.
The property is located in the Jessup area of Howard County, Maryland. Public remarks indicate a possibility for the current tenant to remain for up to two more years.
As configured, the combination of office improvements and open warehouse space supports owner-user occupancy or investment use, depending on how the units are handled at closing.
Key Highlights
- Two flex condo units with two bays total, approximately 6,500 SF, available together or separately
- Each unit includes offices, bathrooms, a kitchenette, and open warehouse space
- Central air and central heating
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.0k | $24.00 |
| − Vacancy | −$5.9k | −$0.91 |
| EGI | $150.1k | $23.09 |
| − OpEx | −$52.5k | −$8.08 |
| NOI | $97.5k | $15.01 |
6,500 SF · lease $24.00/SF/yr · vacancy 3.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.39M
$1.22M – $1.63M
NOI $97,547 @ 7.0% cap · market cap 8.37%
Second Best
Industrial
$1.06M
$926.5K – $1.24M
NOI $74,120 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,738 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Innovative Technology Group
Engineering Consultant
United Air Temp
Hardware & Home Improvement
American Remodeling Corp
Roofing Company
Security Engineering
Security Service
FAQs
What type of property is this?
Flex space - Two flex condo units with two bays, offices, bathrooms, kitchenette, and open warehouse space available together or separately.
Where is this flex space located?
The property is located at 8017 Dorsey Run Rd #1-2 Jessup, MD.
What is the asking price?
The asking price for this property is $1,165,000.
What are key features of this property?
This property features: Two flex condo units with two bays total, approximately 6,500 SF, available together or separately; Each unit includes offices, bathrooms, a kitchenette, and open warehouse space; Central air and central heating
