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    6865 Deerpath Rd Elkridge, MD 21075
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    Property profile & analytics

    6865 Deerpath Rd Elkridge, MD 21075

    View on Map
    • Office buildings
    • 63,241 SF
    • 5.28 lot acres
    For Lease
    $9,145,000
    View Listing →
    Office Space For Lease For Lease
    $9,145,000

    Office Space For Lease

    Office space available for lease in Elkridge, Maryland.

    6865 Deerpath Rd, Elkridge, MD 21075
    View Listing
    Property ID
    US40-1196481
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 6865 Deerpath Rd

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.28 lot acres
    Property size
    63,241 SF
    Zone code
    TOD
    Property type
    Office buildings
    APN
    01-288393
    APU
    1288393

    Description

    Dorsey Station offers exceptional executive office space for lease in Howard County. This prestigious Class A building boasts a total of 74,500 square feet, currently featuring 63,000 square feet of immediately available leasable space. The property is configured as a single suite, providing unparalleled flexibility for a variety of business needs. The available space ranges from 65 square feet to the entire 63,000 square feet, catering to both small businesses seeking efficient executive offices and larger organizations requiring substantial space. The building's impressive inner core lobby reflects its Class A status, promising a professional and welcoming environment for clients and employees. The multiple tenancy structure allows for adaptable configurations to suit individual requirements. This prime location in Howard County offers easy access to major transportation routes and amenities, making it an ideal choice for businesses seeking a strategic and convenient address. The property presents a unique opportunity to secure high-quality office space in a desirable location. Inquire today to learn more about leasing options and customize your perfect workspace within this impressive building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,061,000
      Market price range: $1.28M - $10.6M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $12,985,000
      Current use
      AUTO REPAIR, GARAGE
      $14,590,000
      Change: +12% Conversion: Difficult
      RESTAURANT
      $14,380,000
      Change: +11% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $11,580,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkridge
    County
    Howard
    State
    Maryland
    Longitude
    -76.7478
    Latitude
    39.1806
    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
    $125,445
    $661,300
    $11,056,000
    $11,717,300
    -
    $661,300
    $11,056,000
    $11,717,300

    Comparable in this City

    • Value Estimation
      $2,330,000
      9,114 SF

      7151 Brookdale Dr

      OFFICE BUILDING • 9,114 SF
      7151 Brookdale Dr, Elkridge, MD 21075-6778
      View Details
    • Value Estimation by Request
      2,319 SF

      7431 Washington Blvd

      OFFICE BUILDING • 2,319 SF
      7431 Washington Blvd, Elkridge, MD 21075-6331
      View Details
    • Value Estimation
      $8,770,000
      83,220 SF

      6810 Deerpath Rd

      OFFICE BUILDING • 83,220 SF
      6810 Deerpath Rd, Elkridge, MD 21075-6232
      View Details
    • Value Estimation by Request
      500 SF

      6748 Dorsey Rd

      OFFICE BUILDING • 500 SF
      6748 Dorsey Rd, Elkridge, MD 21075-6205
      View Details
    • Value Estimation
      $4,105,000
      30,600 SF

      6522 Meadowridge Rd

      OFFICE BUILDING • 30,600 SF
      6522 Meadowridge Rd, Elkridge, MD 21075-6191
      View Details
    • Value Estimation by Request
      1,360 SF

      6320 Howard Ln

      OFFICE BUILDING • 1,360 SF
      6320 Howard Ln, Elkridge, MD 21075-5650
      View Details

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    • $250,000
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      Elkridge Land Opportunity

      Two adjoining lots in established community, development potential.
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      View Details

    Similar Nearby for Lease

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      Elkridge Office Space for Lease

      Single-story office building with high visibility and ample parking.
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      Elkridge Industrial Storage Yard

      Industrial storage yard with office building and convenient transportation access.
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      Deerpath Road

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      Elkridge Office Space For Lease

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      4,451 SF

      Elkridge Office Space For Rent

      Office space near MARC station with highway access.
      6797 Dorsey Rd, Elkridge, MD 21075
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Elkridge, Maryland.
      6865 Deerpath Rd, Elkridge, MD 21075
      View Details
    View Listing
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    Elkridge, MD 21075
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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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