Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Dorsey Hall Dr Ellicott City, MD 21043
    Back to Search
    Property profile & analytics

    Dorsey Hall Dr Ellicott City, MD 21043

    View on Map
    • Retail properties & Spaces
    • 4,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Dorsey Hall Dr

    Property size
    4,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 4,000 square foot retail space is available for lease in the vibrant Dorsey's Search Village Center, located in Ellicott City, Maryland. Situated in Howard County at 21043 Dorsey Hall Dr, this property presents a unique opportunity for a single tenant seeking a substantial presence in a thriving community. The entire building, encompassing 4,000 square feet, is currently vacant and ready for immediate occupancy. The property is classified as both retail and restaurant-suitable, offering versatility for a wide range of businesses. Its location in Ellicott City provides excellent access to a dense population base and significant foot traffic. The single-suite layout offers a cohesive and efficient space, ideal for a business requiring a large, contiguous area. The property's zoning and permitted uses should be verified independently. This is a rare opportunity to secure a prominent retail space in a desirable location. Interested parties are encouraged to act quickly to secure this exceptional property. The property is listed for lease and offers a blank canvas for a discerning tenant to establish their business. Further details regarding lease terms and conditions are available upon request. The property's address is confirmed as 21043 Dorsey Hall Dr, Ellicott City, MD 21043.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ellicott City
    County
    Howard
    State
    Maryland
    Longitude
    -76.8331
    Latitude
    39.2445

    Comparable in this City

    • Value Estimation
      $1,395,000
      86,933 SF

      4320 Rte 100

      DEPARTMENT STORE • 86,933 SF
      4320 Rte 100, Ellicott City, MD 21043
      View Details
    • Value Estimation
      $595,000
      7,178 SF

      4420 Long Gate Pkwy

      RESTAURANT • 7,178 SF
      4420 Long Gate Pkwy, Ellicott City, MD 21043-5005
      View Details
    • Value Estimation by Request
      2,470 SF

      4394 Rte 103

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,470 SF
      4394 Rte 103, Ellicott City, MD 21043
      View Details
    • Value Estimation
      $3,995,000
      5,616 SF

      4900 Executive Park Dr

      RESTAURANT • 5,616 SF
      4900 Executive Park Dr, Ellicott City, MD 21043-7917
      View Details
    • Value Estimation
      $2,035,000
      5,455 SF

      4470 Long Gate Pkwy

      RESTAURANT • 5,455 SF
      4470 Long Gate Pkwy, Ellicott City, MD 21043-5005
      View Details
    • Value Estimation
      $1,935,000
      6,696 SF

      8308 Main St

      RESTAURANT • 6,696 SF
      8308 Main St, Ellicott City, MD 21043-4601
      View Details

    Similar Nearby for Sale

    • $495,000

      Ellicott City Land for Sale

      4.42 acre lot on Baltimore National Pike.
      8261 Baltimore National Pike, Ellicott City, MD 21043
      View Details
    • $1,100,000
      Pending

      Ellicott City Land for Development

      6.27 acres, R20 zoning, ideal for townhouse development.
      2796 Rogers Ave, Ellicott City, MD 21043
      View Details
    • $875,000

      Land For Sale

      Land available for purchase.
      8654 Baltimore National Pike, Ellicott City, MD 21043
      View Details
    • $2,333,000

      New Construction Assisted Living Opportunity

      New construction property suitable for assisted living or memory care.
      8325 Grove Angle Rd, Ellicott City, MD 21043
      View Details
    • $455,000
      2,448 SF

      Ellicott City Commercial Property

      Commercial property available for sale in Ellicott City, Maryland.
      8298 Main St, Ellicott City, MD 21043
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Restaurant Space for Lease

      Retail and restaurant spaces available for lease.
      Dorsey Hall Dr & Columbia Rd, Ellicott City, MD 21043
      View Details
    • $1,500 /Mo

      Charming Retail Space in Ellicott

      Flexible commercial space in a recognizable Ellicott City building.
      9090 Frederick Rd, Ellicott City, MD 21043
      View Details
    • $1,500 /Mo

      Charming Retail Space in Ellicott

      Flexible commercial space in a visible, historic Ellicott City center.
      9090 Frederick Rd, Ellicott City, MD 21043
      View Details
    • Contact for pricing

      Ellicott City Turn Key Offices

      Affordable, small turn key offices for lease in Ellicott City.
      8722-8726 Town And Country Blvd, Ellicott City, MD 21043
      View Details
    • $4,200 /Mo
      28,314 SF

      Ellicott City Professional Office Space

      Professional office space available for lease in Ellicott City.
      3460 Ellicott Center Dr, Ellicott City, MD 21043
      View Details
    • $2,400 /Mo
      7,527 SF

      Historic Ellicott City Office Space

      Professional office space in a modern building with historic feel.
      3675 Park Ave, Ellicott City, MD 21043
      View Details
    Request Owner's contact information
    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.
    Dorsey Hall Dr
    Ellicott City, MD 21043
    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
    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

    Thank You for Inquiry
    Dorsey Hall Dr, Ellicott City, MD, 21043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!