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Property profile & analytics
OFF-MARKET
Estimated value
$11,590,000
Office buildings
7632 Dorsey Run Rd, Jessup, MD 20794
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-1459989
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
93,238 SF
Lot
20.51 ac (893,416 SF)
Zoning code
M2
APN
01-158392
UPID
US40-1459989
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.26M
CAP Approach
CAP
$10.73M
Comparable Approach
Comparable
$8.11M
Blend (final)
Blend
$11.59M
Owner & transaction history
Gcp Fortified-7600 Dorsey LLC · 5 yrs held
Gcp Fortified-7600 Dorsey LLC
since 2020
Last sale
$15.8M
7 recorded transactions
Zoning & alternative use
M2 · Jessup, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$17.0M
+8.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jessup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jessup submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$14,325,000
ML approach
$10,260,000
CAP Approach
CAP Return
Estimation
6%
$11,620,000
6.5%
$10,725,000
7%
$9,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,700,000
Current use
WAREHOUSE, STORAGE
$17,025,000
Change: +8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,775,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$11.59M
Range $10.43M – $12.75M · ±10% · vs last sale $15.80M (Aug 27 2020)
Last sale anchor
$15.80M
Aug 27 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$153,106
Tax year 2022
Assessed value
$15,089,800
Assessed 2023
Previous assessed
$13,597,367
+11.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$2,354,600
Assessed improvement
$12,735,200
Land market value
$2,354,600
Improvement market value
$12,735,200
Total market value
$15,089,800
Applied tax rate
1.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
93,238 SF
Lot
20.51 ac (893,416 SF)
Zoning code
M2
APN
01-158392
UPID
US40-1459989
Jurisdiction
HOWARD
Zoning & alternative use
M2 · Jessup, MD
Zoning M2 · permitted uses
M2 · Jessup, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jessup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$15.7M
WAREHOUSE, STORAGE
Est. value
$17.0M
INDUSTRIAL (GENERAL)
Est. value
$12.8M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
20.51 ac
Current owner
From public records · entity-resolved
Gcp Fortified-7600 Dorsey LLC
Entity
Free & Clear · 5 yrs held
Mailing address
25 S CHARLES ST STE #1002, BALTIMORE, MD 21201-3311
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
Gcp Fortified 7600 Dorsey LLC
—
Deed
related
$10,350,000 · Tristate Capital Bank
Aug 27, 2020
$15,800,000
Gcp Fortified-7600 Dorsey LLC
Alw-dorsey LLC
Grant Deed
—
Aug 27, 2020
—
Gcp Fortified 7600 Dorsey LLC
—
Deed
related
$11,180,000 · Fulton Bk NA
Dec 12, 2005
$11,500,000
Alw-dorsey LLC
Montevideo South Business Trust
Deed Of Trust
related
$8,400,000 · General Elec Com'l Fin Busines
Jun 26, 2003
—
Montevideo South Business Trt
Montevideo Realty Business Trt
Quit Claim Deed
related
—
Nov 22, 2000
—
Baltimore Aircoil Company INC
—
Deed Of Trust
related
$1,000,000 · Citicorp USA Corp Trustee
—
—
Gcp Fortified 7600 Dorsey LLC
—
Deed Of Trust
related
$11,180,000 · Fulton Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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