Entity Owned Property summary
AI-generated overview
This exceptional 1,422-square-foot office suite, located at 5300 Dorsey Hall Drive in Ellicott City, Maryland, presents a unique opportunity for businesses seeking a modern and versatile workspace. Situated in a Class B building, this newly renovated (2022) space boasts a desirable corner location with abundant natural light. The suite is entirely vacant and ready for immediate occupancy. Its adaptable layout, featuring multiple rooms, allows for customization to suit diverse operational needs. A convenient kitchenette is included for staff and client use. The building itself offers significant advantages, including convenient parking, a single elevator, and a security system, ensuring a safe and comfortable environment. The property's prime location provides easy access to major highways and nearby shopping amenities. The zoning is commercial, and the property is located in Howard County's Frederick submarket, within the DC, Balt submarket cluster. The two-story building is part of a multi-tenant occupancy. The address is 5300 Dorsey Hall Drive, Ellicott City, MD 21042, with a cross street of Route 108.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2005
Total area
3,919 SF
Lot
1.7 ac (74,052 SF)
Zoning code
POR
APN
02-416646
UPID
US40-1009953
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$563k
Blend (final)
Blend
$510k
Owner & transaction history
since 2016
4 recorded transactions
Zoning & alternative use
POR · Ellicott City, MD
Top alternative use upside
Warehouse, storage
$715,000
+80.7%
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$510k
Value range
$459k – $561k
±10% around blend
Estimated value / SF
$130 / SF
Confidence
High
14 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$459k
blend $510k
$561k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,919 SF
Lot area
1.7 ac
Year built
2005
APN
02-416646
Zoning
POR
Assessed value
$862,100
Annual tax
$9,707
3
Income approach: direct capitalization
Partial preview
Income approach indication
$450k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$490k
@ 6.5% CAP return
$450k
@ 7% CAP return
$420k
4
Sales comparison
Partial preview
Sales approach indication
$578k
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.7 mi away · 5,023 SF
12.2 mi away · 3,560 SF
12.2 mi away · 3,030 SF
12.3 mi away · 3,738 SF
12.4 mi away · 4,270 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$510k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 70 sales
$101
+29%
County 177 sales
$168
-23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $130/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+81%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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 · 14 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$862k
Move the market yield to see immediate price impact.
Value / SF
$220
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
5.00%7.00%9.00%
$54k
$1.09M
$776k
$603k
$60k
$1.21M
$862k
$671k
$66k
$1.33M
$948k
$738k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$230k
0.2 mi · Feb 2026 · $78/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,707
Tax year 2022
Assessed value
$862,100
Assessed 2023
Previous assessed
$862,100
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$344,800
Assessed improvement
$517,300
Land market value
$344,800
Improvement market value
$517,300
Total market value
$862,100
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2005
Heating
NONE
Units
1
Total area
3,919 SF
Lot
1.7 ac (74,052 SF)
Zoning code
POR
APN
02-416646
UPID
US40-1009953
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
2005
Heating
NONE
Units
1
Lot
1.7 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
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Owner of record and activity signals are derived from public records and modeled classifications.
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