Add Listing
    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

    9046 GORMAN Road Laurel, MD 20723

    View on Map
    For Sale
    $450,000

    LAND - LAUREL, MD

    Lot size:
    0.25 Acres
    Added:
    Oct 27, 2025
    Days on Market:
    157
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 9046 GORMAN Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.25 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    2558

    We can help!

    Listing Contact
    Susan K. Mongirdas

    Listing agent Susan K. Mongirdas License #675943

    Listing office Pearson Smith Realty, LLC 43777 Central Station Drive unit: 390, Ashburn, MD

    Listing date Oct 27, 2025

    MLS# MDHW2061190

    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.

    Overview

    Land Near Savage Mill Trail

    This property offers land suitable for building a home in Howard County. The lot backs up to the Savage Mill Trail, the Little Patuxent River, and Historic Savage Mill. The location provides access to the Savage Mill Trail from the backyard and proximity to the restaurants and stores in Historic Savage Mill. Savage Park, offering recreational activities, is also nearby. The property benefits from convenient access to Route 1, MD 32, and I-95. The site development plan has been approved. The property is a 0.25-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    -76.8263413
    Latitude
    39.1341325

    Nearby Similar for Sale

    • $7,500,000

      Retail Property on Route 1

      Retail property for sale on busy Route 1 in Laurel.
      13487 BALTIMORE Avenue unit: 1, LAUREL, MD 20707
      View Details
    • $1,100,000

      Mixed-Use Building in Historic Downtown

      Two-story mixed-use building in Laurel's Historic Downtown.
      349 MAIN ST, LAUREL, MD 20707
      View Details
    • $235,000

      Laurel Office Condo For Sale

      Commercial office condo with three large offices and kitchenette.
      601 7TH Street unit: 202, LAUREL, MD 20707
      View Details
    • $625,000
      2,184 SF

      Renovated Duplex in Laurel

      Updated 2-level townhome with modern amenities and spacious backyard.
      501-503 8TH Street, LAUREL, MD 20707
      View Details
    • $1,100,000

      Land Near Baltimore-Washington Parkway

      1.38 acre commercial land with CGO zoning in Laurel, MD.
      12513 LAUREL BOWIE Road, LAUREL, MD 20708
      View Details
    • $189,900

      Residential Land in Laurel, MD

      0.63-acre vacant parcel for custom residence in Laurel, MD.
      11704 DUCKETTOWN Road, LAUREL, MD 20708
      View Details
    • $250,000

      Land in Laurel, Maryland

      Undeveloped land requiring connection to public water and sewer systems.
      11690 DUCKETTOWN Road, LAUREL, MD 20708
      View Details
    • $250,000
      979 SF

      Laurel Office Suite For Sale

      Second-floor office suite with five private offices and kitchenette.
      13677 Baltimore Ave, Laurel, MD 20707
      View Details
    • $365,050
      1,490 SF

      Modern Office Space For Sale

      1,490 SF office space with direct parking access.
      14205 Park Center Drive (Unit 206), Laurel, MD 20707
      View Details
    • $340,000
      1,414 SF

      Office Condominium Near I-95

      1,414 SF office condo with direct access and central location.
      14207 Park Center Drive, Unit 108, Laurel, MD 20707
      View Details
    • $375,000

      Work Where You Live Opportunity

      Commercial space suitable for various businesses with oversized garage.
      910 Montgomery St, LAUREL, MD 20707
      View Details
    • $328,500
      71 SF

      Medical Office Condo Opportunity

      71,700 SF medical office condo near University of Maryland.
      7350 Van Dusen Road | Laurel, MD 20707, MD 20707
      View Details

    FAQs

    What type of property is this?
    Land - Residential land backing to Savage Mill Trail and Little Patuxent River.
    Where is this land located?
    The property is located at 9046 GORMAN Road Laurel, MD.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Backs to Savage Mill Trail, Little Patuxent River, and Historic Savage Mill; Approved site development plan; No HOA
    (443) 286-2794
    We can help!
    Listing Contact
    Susan K. Mongirdas
    Real Estate License ID: 675943
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!