Entity Owned 
For Lease
Contact for pricing
6865 Deerpath Rd, Elkridge, MD 21075
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
63,241 SF
Lot
5.28 ac (229,997 SF)
Zoning code
TOD
APN
01-288393
UPID
US40-1196481
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
-
Dental Office
-
Dental Office
-
General Contractor Renovation Specialist
-
(Bike/Boat/Book/etc) Store
-
Language School Training Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.06M
Blend (final)
Blend
$9.15M
Owner & transaction history
since 2020
3 recorded transactions
Zoning & alternative use
TOD · Elkridge, MD
Top alternative use upside
Auto repair, garage
$14.6M
+12.4%
Restaurant
$14.4M
+10.7%
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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$9.15M
Value range
$8.23M – $10.06M
±10% around blend
Estimated value / SF
$145 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$8.23M
blend $9.15M
$10.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
63,241 SF
Lot area
5.28 ac
Year built
2006
Stories
3
APN
01-288393
Zoning
TOD
Assessed value
$11,717,300
Annual tax
$125,445
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
$16.76M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.0 mi away · 51,048 SF
23.9 mi away · 62,636 SF
24.6 mi away · 64,580 SF
25.0 mi away · 68,405 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.15M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 415 sales
$205
-30%
County 177 sales
$168
-14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $145/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+12%
vs current-use indication
Restaurant
Office Building · current use
Neighborhood: Shopping Center
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
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 · 5 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$11.72M
Move the market yield to see immediate price impact.
Value / SF
$185
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%
$738k
$14.76M
$10.55M
$8.20M
$820k
$16.40M
$11.72M
$9.11M
$902k
$18.04M
$12.89M
$10.02M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$5.75M
16.8 mi · Feb 2026 · $109/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$125,445
Tax year 2022
Assessed value
$11,717,300
Assessed 2023
Previous assessed
$11,140,767
+5.2% YoY
Effective rate
1.07%
On assessed value
Assessed land
$661,300
Assessed improvement
$11,056,000
Land market value
$661,300
Improvement market value
$11,056,000
Total market value
$11,717,300
Applied tax rate
1.0000
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 buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
63,241 SF
Lot
5.28 ac (229,997 SF)
Zoning code
TOD
APN
01-288393
UPID
US40-1196481
Jurisdiction
HOWARD
Zoning & alternative use
TOD · Elkridge, MDZoning TOD · permitted uses
TOD · Elkridge, 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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
5.28 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
TOD
Jurisdiction
Elkridge, MD
Recorded code
TOD
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
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
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
