Medical Office Condo in Medical
For Sale
Contact for pricing
7350 Van Dusen Rd, Laurel, MD 20707
Medical office condo in Medical Arts Building, zoned CO and positioned near University of Maryland Health Systems.
Property Size1,460 SF
Price / SF$225
Days on Market869
Property Features for 7350 Van Dusen Rd
General Information
Standard status
Active
Size
1,460 SF
Property subtype
OFFICE
Zoning
CO
Listing Agency:
Lee & Associates | Columbia
(410) 712-0888
Listed By:
Bill Harrison
(410) 299-2500
Source:
Moodyscre
Added: Apr 29, 2024
Changed: Aug 14
Last Checked: Sep 14 at 8:53AM
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 Lee & Associates | Columbia
Investment Insights
Based on property information with market context.
This prominent 71,700 SF medical office condo is located within the Medical Arts Building and is offered for sale (with leasing also referenced). The property is zoned CO, supporting medical office use within the existing condo configuration.
Situated at 7350 Van Dusen Rd in Laurel, MD, the offering is positioned near the University of Maryland Health Systems. The marketing materials also describe the surrounding area as home to prominent medical tenants, reinforcing the property’s fit for users seeking convenient access to a large regional healthcare network.
Situated at 7350 Van Dusen Rd in Laurel, MD, the offering is positioned near the University of Maryland Health Systems. The marketing materials also describe the surrounding area as home to prominent medical tenants, reinforcing the property’s fit for users seeking convenient access to a large regional healthcare network.
Key Highlights
- 71,700 SF medical office condo in the Medical Arts Building
- Zoned CO
- Located near University of Maryland Health Systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,169
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$423,380
$423.4K
Cap Rate 7%
$302,414
$302.4K
Cap Rate 9%
$235,211
$235.2K
Market Conditions
NOI Build-Up for 1,460 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.4K $27.00/SF
− Vacancy
−$4.1K −$2.84/SF
EGI
$35.3K $24.17/SF
− OpEx
−$14.1K −$9.67/SF
NOI
$21.2K $14.50/SF
Area
Anne Arundel County, MD
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$423,380
Cap Rate 7%
$302,414
Cap Rate 9%
$235,211
Alternative Uses
Best Use
Healthcare Medical
$302.4K
$264.6K – $352.8K
NOI $21,169 @ 7.0% cap · market cap 6.44%
Second Best
Office B
$146.2K
$128.0K – $170.6K
NOI $10,236 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$427.1K
$373.7K – $498.3K
NOI $29,896 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20707, MD
37,702
Population
15,146
Households
2.5
Avg Household Size
37
Median Age
45%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
2,992
Density / Sq Mi
$104,093
Median Household Income
$58,633
Median Earnings
$1,880
Median Rent
$411,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Banfield Pet Hospital — 13600 Baltimore Ave #160, Laurel, MD 20707
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo in Medical Arts Building, zoned CO and positioned near University of Maryland Health Systems.
Where is this medical office space located?
The property is located at 7350 Van Dusen Rd Laurel, MD.
What is the asking price?
The asking price for this property is $328,500.
What are key features of this property?
This property features: 71,700 SF medical office condo in the Medical Arts Building; Zoned CO; Located near University of Maryland Health Systems
