Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Condo Near Route 1 Title is generated by Realmo AI

    13681 BALTIMORE AVENUE, Laurel, MD 20707

    View on Map
    Claim this Listing
    For Lease
    $1,500 /Mo

    Second-floor office condo with open space and kitchenette for rent.

    Type:Rental
    Lot size:
    0.06 Acres
    Added:
    Jun 28, 2024
    Days on Market:
    704
    Last Refresh:
    May 20 at 1:46 am

    Property Features for 13681 BALTIMORE AVENUE

    General Information

    Standard status
    Active
    Lot size
    0.06 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Linda L Chen

    Listing agent Linda L Chen License #IB98360753

    Listing office Syspek Realty, Inc.

    Listing date Jun 28, 2024

    Source Exitrealty

    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 Syspek Realty, Inc.

    HighLights

    • Convenient location near Route 1 and Contee Rd with easy access to I‑95/198/197/32/BW Parkway.
    • Flexible open space that can be divided into multiple offices, a conference room, and a reception area.
    • Kitchenette with granite counters.
    • Shared entrance open during business hours M‑F and most Saturdays.
    • Walking distance to shops and restaurants.
    • Well‑maintained with nice paint, moldings, wooden blinds, and recessed lighting.

    Overview

    This second-floor office condo is located off Route 1, near Contee Road. The unit features a large open space, one office, and a kitchenette equipped with granite countertops. The open area has the potential to be divided into three offices, a conference room, and a reception area. The space includes paint, moldings, wooden blinds, and recessed lighting. A shared entrance is typically open during regular business hours, Monday through Friday, and most Saturdays. The property is within walking distance of shops and restaurants and provides convenient access to I-95, 198, 197, 32, and the Baltimore-Washington Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    MFM-Laurel MD Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.8652836
    Latitude
    39.0780306

    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
    • $1,500/Mo
      1,200 SF

      Laurel Office Space Available

      Office space with private offices and conference room for rent.
      8740 CHERRY Ln B-21, Laurel, MD 20707
      View Details
    • $899/Mo
      1,424 SF

      Furnished Office Spaces for Lease

      Private, furnished office spaces available with shared amenities.
      8305 CHERRY Ln 10, Laurel, MD 20707
      View Details
    • $22 SF/Yr
      4,685 SF

      Medical Suite on Baltimore Avenue

      Ground floor medical suite with ample parking and high visibility.
      13900 Baltimore Ave, 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
    • Contact for pricing
      392,500 SF

      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
    • $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
    • Contact for pricing
      1,231 SF

      Retail Spaces at Gorman Plaza

      Retail spaces available with high visibility and traffic counts.
      201-225 Gorman Ave, Laurel, MD 20707
      View Details
    • Contact for pricing
      3,167 SF

      New Retail Space Available

      New construction retail space for lease in Laurel, Maryland.
      3569 Russett Green E., Laurel, MD 20724
      View Details
    • Contact for pricing
      24,000 SF

      Laurel Industrial Property for Lease

      Industrial property with office, loading docks, and outdoor storage.
      3527 Whiskey Bottom Road, Laurel, MD 20724
      View Details
    • Contact for pricing
      37,000 SF

      Class A Industrial/Warehouse Building

      37,000 SF Class A industrial/warehouse building for lease.
      13380 Mid Atlantic Boulevard, Laurel, MD 20708
      View Details

    FAQs

    What type of property is this?
    Office units - Second-floor office condo with open space and kitchenette for rent.
    Where is this office units located?
    The property is located at 13681 BALTIMORE AVENUE Laurel, MD.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: Convenient location near Route 1 and Contee Rd with easy access to I‑95/198/197/32/BW Parkway.; Flexible open space that can be divided into multiple offices, a conference room, and a reception area.; **Kitchenette with granite counters.**
    (301) 237-8678
    We can help!
    Listing Contact
    Linda L Chen
    Real Estate License ID: IB98360753
    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

    Thank You for Inquiry
    13681 BALTIMORE AVENUE, LAUREL, MD 20707
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!