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    8509 Oak St Laurel, MD

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    For Lease
    $900,000

    Former Bank of America with drive-thru, high traffic location.

    Property size:
    416 SF
    Lot size:
    0.15 Acres

    Property Features for 8509 Oak St

    General Information

    Size
    416 SF
    Lot size
    0.15 Acres

    Source: Douglas Commercial Agent Scott Douglas

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

    Overview

    Former Bank with Drive-Thru

    This former Bank of America building, totaling 416 square feet, is available for lease. It features a drive-through and a built-in ATM. The property can be retrofitted for various uses, including fast service restaurants, coffee shops, smoothie shops, bakeries, or medical marijuana dispensaries. The location benefits from over 68 feet of road frontage and a daily traffic count of 60,000 vehicles. The property includes two pylon signs. Situated along Route 1 near the NSA and Fort Meade, it offers convenient access to the ICC and I-95. The property is centrally located between Baltimore and Washington, DC. The lease rate is $95,000 per year.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.860565
    Latitude
    39.1426709

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    FAQs

    What type of property is this?
    Bank - Former Bank of America with drive-thru, high traffic location.
    Where is this bank located?
    The property is located at 8509 Oak St Laurel, MD.
    What are key features of this property?
    This property features: - High traffic location: See 60,000 cars daily with 68+ feet of road frontage.; - Former Bank of America building: Equipped with drive-through and ATM.; - Versatile space: Easily retrofitted for various businesses (fast service, coffee, dispensary, etc.).
    (301) 655-8253
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    8509 Oak St Laurel, MD
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    Laurel, MD
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    Realmo Value Estimation

    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.

    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.

    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
    8509 Oak St Laurel, MD
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