Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    601 7Th St, Unit 202 Laurel, MD 20707

    Sponsored
    For Sale
    $235,000

    Commercial Sale - LAUREL, MD

    Type:Office
    Days on Market:
    3
    Last Refresh:
    Feb 12 at 3:06 pm

    Property Features for 601 7Th St

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking features
    Parking Lot

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Number of units
    1
    Building materials
    Brick, Concrete

    We can help!

    Listing Contact
    Holly Greenstreet

    Hyatt & Company Real Estate (443) 864-1594

    Listing agent Holly Greenstreet (410) 705-6295 License #640084

    Listing date Feb 10, 2026

    MLS# MDPG2191160

    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.

    Learn more

    Property Insight Report

    Overview

    Laurel Office Condo For Sale

    This commercial office condo is available for sale. Located on the second floor, the unit features three large office spaces and a common area with a kitchenette. The space offers privacy and accessibility. The building includes an elevator and secure entry. Situated in a high-traffic area in Laurel, Maryland.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Law Office of Thomas ... Law Firm Housen Health Services Rehabilitation Center Fanatix Nails & spa Nail Salon Sona Bata Psychological ... Medical Clinic STK Communications Corporate Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.85646
    Latitude
    39.10262

    Nearby Similar for Sale

    • New
      $650,000
      2,184 SF

      Renovated Duplex in Laurel

      Updated two-unit property with modern amenities and convenient location.
      501-503 8Th St, Laurel, MD 20707
      View Details
    • $1,195,000
      5,616 SF

      Renovated Multifamily Building with Parking

      Renovated 6-unit building with commercial space and parking.
      120 2Nd St, Laurel, MD 20707
      View Details
    • $640,000
      2,432 SF

      Updated Townhome in Emerson Community

      Well-maintained townhome with almost 2,500 sq ft of living space.
      9850 Solar Crse, Laurel, MD 20723
      View Details
    • $3,700,000
      16,880 SF

      Renovated Class A Office Space

      Fully renovated Class A office space ideal for medical or professional.
      14750 Sweitzer Ln, Laurel, MD 20707
      View Details
    • Contact for pricing
      42,765 SF

      Versatile Industrial Property Near Transportation

      42,765 SF industrial property with warehouse, office, and yard space.
      114 Lafayette Ave, Laurel, MD 20707
      View Details
    • $624,900

      Spacious Villa in 55+ Community

      Large villa in Victoria Falls 55+ resort-style community.
      13106 Old Field Ter, Laurel, MD 20707
      View Details
    • Contact for pricing
      1,852 SF

      Spacious Townhome with Attached Garage

      Move-in ready townhome featuring a large deck backing to woods.
      9633 Hadleigh Ct, Laurel, MD 20723
      View Details
    • $569,990

      New Brick Townhome Community

      New all brick townhomes with garages and private backyards.
      12128 Running Bull Way, Laurel, MD 20708
      View Details
    • $399,900

      Well-Maintained Townhouse in Ashford

      Three-bedroom townhouse in Laurel with modern upgrades and convenient location.
      14912 Ashford Pl, Laurel, MD 20707
      View Details
    • $265,000

      Condo with Loft and Garage

      Two-bedroom condo with loft, garage, and community amenities.
      14114 Lauren Ln, Laurel, MD 20707
      View Details
    • $314,900
      1,152 SF

      Renovated Townhome in Moonshine Hollow

      Updated townhome with modern finishes, private patio, and finished basement.
      9090 Moonshine Holw, Laurel, MD 20723
      View Details
    • $6,100,000
      6,300 SF

      Laurel Warehouse and Storage Facility

      6,300 SF warehouse with outside storage in Laurel, MD.
      8271 Brock Bridge Rd, Laurel, MD 20724
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial office condo with three large offices and kitchenette.
    Where is this office space located?
    The property is located at 601 7Th St, Unit 202 Laurel, MD.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Three large private office spaces provide ample room.; - Common area with kitchenette.; - Elevator access.
    (443) 722-7858
    Request Owner's contact information
    601 7Th St, Unit 202 Laurel, MD 20707
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 7Th St, Unit 202
    Laurel, MD 20707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    601 7Th St, Unit 202 Laurel, MD 20707
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Holly Greenstreet
    Real Estate License ID: 640084
    (443) 722-7858 (410) 705-6295
    Learn more
    Google sign-in failed. Please try again or use another login method.