One-Bedroom Income
New
For Sale
$215,000
14007-A JUSTIN Way, Laurel, MD 20707
Residential, LAUREL, MD
Property Size851 SF
Price / SF$252.64
Days on Market4
Property Features for 14007-A JUSTIN Way
General Information
Property type
Land
Property subtype
Other
Rooms
Dining Room
Parking
2
Parking features
Garage - Attached, Driveway
Interior features
Breakfast Area, Dining Area
Fireplace
1
Appliances
Dishwasher, Dryer, Icemaker, Microwave, Refrigerator, Stove, Washer
Subdivision
THE TIERS OF LAUREL LAKE
Elementary school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
High school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
851 SF
Taxes and HOA fees
Tax Annual Amount
3509
HOA Fee
$295 Monthly
Utilities
Cooling system
Central Air
Amenities
fireplace
Building Details
Year built
1986
Floors in Building
1
Building materials
Frame
Listing Agency:
Samson Properties
(301) 850-0255
Listed By:
Carolina Brador
(240) 505-0158
Added: Sep 20
Last Checked: Sep 23 at 3:06PM
MLS# MDPG2219928
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 851-square-foot condominium residence includes one bedroom, one bathroom, a flexible den, dining and breakfast areas, and an attached garage with driveway parking. Brand-new flooring and an abundance of natural light enhance the interior, while the fireplace adds a defined gathering feature. The kitchen is equipped with a brand-new stove and refrigerator along with a dishwasher, microwave, icemaker, washer, and dryer.
Built in 1986, the frame residence is served by central air and includes a separate dining room. Its Laurel setting provides access to nearby shops, restaurants, and public transportation, supporting convenient day-to-day living.
Built in 1986, the frame residence is served by central air and includes a separate dining room. Its Laurel setting provides access to nearby shops, restaurants, and public transportation, supporting convenient day-to-day living.
Key Highlights
- 851‑square‑foot one‑bedroom, one‑bath condominium
- Flexible den suited to office, guest, or reading use
- Brand‑new flooring, stove, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,485
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$229,700
$229.7K
Cap Rate 7%
$164,071
$164.1K
Cap Rate 9%
$127,611
$127.6K
Market Conditions
NOI Build-Up for 851 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.3K $26.16/SF
− Vacancy
−$1.4K −$1.62/SF
EGI
$20.9K $24.54/SF
− OpEx
−$9.4K −$11.04/SF
NOI
$11.5K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$229,700
Cap Rate 7%
$164,071
Cap Rate 9%
$127,611
Alternative Uses
Best Use
Apartment 5plus
$164.1K
$143.6K – $191.4K
NOI $11,485 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.9K
$217.8K – $290.4K
NOI $17,426 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,468
Businesses Nearby
Explore this area
Business Placement
Demographics for 20707, MD
37,702
Population
15,146
Households
2.5
Avg Household Size
37
Median Age
45%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
2,992
Density / Sq Mi
$104,093
Median Household Income
$58,633
Median Earnings
$1,880
Median Rent
$411,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with a den, attached garage, fireplace, and convenient access to shopping, dining, and public transportation.
Where is this residential income property located?
The property is located at 14007-A JUSTIN Way Laurel, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 851‑square‑foot one‑bedroom, one‑bath condominium; Flexible den suited to office, guest, or reading use; Brand‑new flooring, stove, and refrigerator
