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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4745 Dorsey Hall Dr Ellicott City, MD 21042

    • Community centers
    • 23,431 SF
    • 11.27 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0919476
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Community centers

    Property Details for 4745 Dorsey Hall Dr

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.27 lot acres
    Property size
    23,431 SF
    Zone code
    SC
    Property type
    Community centers
    APN
    02-347067
    APU
    2347067

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,003,000
      Market price range: $217k - $1.00M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,435,000
      RESTAURANT
      $1,270,000
      WAREHOUSE, STORAGE
      $925,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ellicott City
    County
    Howard
    State
    Maryland
    Longitude
    -76.8422
    Latitude
    39.243
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $185,993
    $0.00
    $0.00
    $16,956,233
    -
    $4,748,800
    $12,645,600
    $17,394,400

    Comparable in this City

    • Value Estimation by Request
      38,550 SF

      10045 Baltimore National Pike

      MINI-MALL • 38,550 SF
      10045 Baltimore National Pike, Ellicott City, MD 21042-3673
      View Details
    • Value Estimation
      $3,290,000
      22,230 SF

      3300 Centennial Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 22,230 SF
      3300 Centennial Ln, Ellicott City, MD 21042-3600
      View Details
    • Value Estimation
      $26,160,000
      132,865 SF

      9190 Baltimore National Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 132,865 SF
      9190 Baltimore National Pike, Ellicott City, MD 21042-2622
      View Details
    • Value Estimation by Request
      0.70 Acres

      4978 Dorsey Hall Dr, Unit B1

      RESIDENTIAL PARKING GARAGE • 0.70 Acres
      4978 Dorsey Hall Dr, Ellicott City, MD 21042-7783
      View Details
    • Value Estimation by Request
      1.05 Acres

      4990 Dorsey Hall Dr, Unit B3

      RESIDENTIAL PARKING GARAGE • 1.05 Acres
      4990 Dorsey Hall Dr, Ellicott City, MD 21042-7730
      View Details
    • Value Estimation by Request
      2,058 SF

      9120 Baltimore National Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,058 SF
      9120 Baltimore National Pike, Ellicott City, MD 21042-2612
      View Details

    Similar Nearby for Sale

    • $905,740
      1,938 SF

      Ellicott City Office Condos for Sale

      Prime Office Space, Multi-Unit Opportunity
      10260 Baltimore National Pike, Ellicott City, MD 21042
      View Details
    • Contact for pricing
      20,000 SF

      Historic Farm with Bottling Plant

      102-acre Ellicott City farm with 20,000 SF industrial building.
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    • $119,000
      11 SF

      Residential Land in Ellicott City

      11.91-acre residential parcel in Ellicott City, Maryland.
      Joey 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
    • $925,000

      Ellicott City Specialty Property

      Specialty property available for sale in Ellicott City.
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      Flex condo with offices, kitchenette, and warehouse space for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      1,828 SF

      Ellicott City Shopping Center Space

      Giant-anchored shopping center with high visibility and accessibility.
      9200 Baltimore National Pike, Ellicott City, MD 21042
      View Details
    • Contact for pricing
      15,000 SF

      Ellicott City Retail Space Available

      Retail space for lease in Ellicott City, Maryland.
      10164 Baltimore National Pike, Ellicott City, MD 21042
      View Details
    • Contact for pricing
      2,491 SF

      Retail Space in Ellicott City

      Neighborhood center with stores and restaurants in Ellicott City.
      10132 Baltimore National Pike, Ellicott City, MD 21042
      View Details
    • Contact for pricing
      1,195 SF

      Retail Spaces in Ellicott City

      Retail spaces available in Ellicott City, Maryland.
      10226 Baltimore National Pike, Ellicott City, MD 21042
      View Details
    • $30 SF/Yr
      10,000 SF

      Ellicott City Retail Strip Center

      Prime Retail Space Available, Howard County
      3419 Plumtree Dr, Ellicott City, MD 21042
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Ellicott City

      Retail and restaurant spaces available, anchored by Giant.
      4745 Dorsey Hall Dr, Ellicott City, MD 21042
      View Details
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    Ellicott City, MD 21042
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    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
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