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4801 Dorsey Hall Dr, Ellicott City, MD 21042
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Property summary
AI-generated overview
The property is an office space totaling 1,375 square feet located in Ellicott City, Maryland. It provides convenient access to Interstate 95 and Routes 29, 70, and 180. Parking is available in a surface lot configuration totaling 150 spaces, calculated at 5.50 spaces per 1,000 square feet. The building’s common areas include renovation plans for 2025.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,360 SF
Lot
5.37 ac (233,917 SF)
Zoning code
POR
APN
02-317745
UPID
US40-1194099
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pharmacy
-
Pediatrician
-
Physician
-
Gym & Fitness Center Alternative Medicine Practice
-
(Bike/Boat/Book/etc) Store Pharmacy
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.77M
Owner & transaction history
since 2022
Last sale
$21.3M
6 recorded transactions
Zoning & alternative use
POR · Ellicott City, MD
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$19.77M
Value range
$17.79M – $21.75M
±10% around blend
Estimated value / SF
$371 / SF
Confidence
Low
3 county-verified comps
Property data
100
Comparable evidence
30
$17.79M
blend $19.77M
$21.75M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
53,360 SF
Lot area
5.37 ac
Year built
1991
Stories
2
APN
02-317745
Zoning
POR
Assessed value
$11,198,633
Annual tax
$120,836
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$30.73M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.0 mi away · 65,340 SF
20.0 mi away · 65,340 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$19.77M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
3.90%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.90%
9.0%
NOI (est.)
$1.49M *
Last sale · May 2022
$21.30M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$38.23M
Move the market yield to see immediate price impact.
Value / SF
$716
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.40%3.90%4.40%
$1.34M
$39.47M
$34.41M
$30.50M
$1.49M
$43.85M
$38.23M
$33.89M
$1.64M
$48.24M
$42.05M
$37.28M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$23.70M
17.0 mi · Jan 2026 · $573/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$120,836
Tax year 2022
Assessed value
$11,198,633
Assessed 2023
Previous assessed
$10,731,467
+4.4% YoY
Effective rate
1.08%
On assessed value
Land market value
$1,623,400
Improvement market value
$10,042,400
Total market value
$11,665,800
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
53,360 SF
Lot
5.37 ac (233,917 SF)
Zoning code
POR
APN
02-317745
UPID
US40-1194099
Jurisdiction
HOWARD
Zoning & alternative use
POR · Ellicott City, MDZoning POR · permitted uses
POR · Ellicott City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
5.37 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
POR
Jurisdiction
Ellicott City, MD
Recorded code
POR
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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