Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    308 Second Street Laurel, MD 20707

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Freestanding office building with furniture, ready for immediate occupancy.

    Added:
    Nov 21, 2025
    Days on Market:
    159
    Last Refresh:
    Apr 5 at 8:50 pm

    Property Features for 308 Second Street

    General Information

    Standard status
    Active

    Spaces For Lease

    at 308 Second Street Contact us

    We can help!

    Listing Contact
    Scott Douglas
    Scott Douglas

    Listing agent Scott Douglas License #MD 580592

    Listing office Douglas Commercial

    Listing date Nov 21, 2025

    Source Douglascommercial

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Douglas Commercial

    Overview

    Turnkey Office in Laurel Business District

    This freestanding building, available for sublease, is situated on Second Street in Laurel, Maryland, offering high visibility. The turnkey office space includes existing office furniture. The layout features 8 offices, a reception area with a waiting area, a conference room, and a kitchenette. There are 13 or more parking spaces available. The sublease is available through May 31, 2024. Located in the heart of the business district in Laurel, Maryland, this office is suitable for a professional services company.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.8448
    Latitude
    39.101

    Nearby Similar for Lease

    • $2,500/Mo

      Professional Office Suite in Laurel

      First-floor office suite in high-traffic Laurel, move-in ready.
      13631 BALTIMORE AVENUE, LAUREL, MD 20707
      View Details
    • $3,000/Mo

      Office Space For Rent

      Office unit available for lease in Laurel, Maryland.
      601 7TH Street, LAUREL, MD 20707
      View Details
    • $899/Mo

      Furnished Office Spaces for Lease

      Private, furnished office spaces available with shared amenities.
      8305 CHERRY Ln 10, Laurel, MD 20707
      View Details
    • $2,500/Mo

      First-Floor Office Suite in Laurel

      Spacious office suite in a high-traffic location.
      13631 Baltimore Avenue, LAUREL, MD 20707
      View Details
    • $6,500/Mo

      Renovated Office Space For Rent

      Prime location office space with modern amenities and strategic positioning.
      14203 PARK CENTER Dr 308, Laurel, MD 20707
      View Details
    • $6,500/Mo

      Renovated Office Space in Laurel

      Combined office units with modern amenities and strategic location.
      14203 Park Center Dr #308, LAUREL, MD 20707
      View Details
    • $1,500/Mo

      Professional Office Space Available

      Elegant office space with private offices and conference room.
      8740 Cherry Ln #b-21, LAUREL, MD 20707
      View Details
    • $155,000 SF/Yr

      Retail Pad Site on Route 197

      Retail space with excellent visibility and access on Laurel Bowie Road.
      13600 Laurel Bowie Road, Laurel, MD 20708
      View Details
    • $22 SF/Yr

      Medical Suite on Baltimore Avenue

      Ground floor medical suite with ample parking and high visibility.
      13900 Baltimore Ave, Laurel, MD 20707
      View Details
    • $32 SF/Yr

      Laurel Retail Center on Route 1

      Retail spaces in a high-traffic Laurel commercial corridor.
      14201 Baltimore Avenue, Laurel, MD 20707
      View Details
    • Contact for pricing

      Mixed-Use Shopping Center in Laurel, MD

      392,500 SF mixed-use center with retail, dining, and entertainment.
      14702-14828 Baltimore Avenue, Laurel, MD 20707
      View Details
    • Contact for pricing

      Retail Spaces at Gorman Plaza

      Retail spaces available with high visibility and traffic counts.
      201-225 Gorman Ave, Laurel, MD 20707
      View Details

    FAQs

    What type of property is this?
    Office building - Freestanding office building with furniture, ready for immediate occupancy.
    Where is this office building located?
    The property is located at 308 Second Street Laurel, MD.
    What are key features of this property?
    This property features: Turnkey office space with existing furniture; Prime location in the heart of Laurel's business district; Great visibility on Second Street
    (301) 655-8253
    We can help!
    Listing Contact
    Scott Douglas
    Scott Douglas
    Real Estate License ID: MD 580592
    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!