Mixed-Use Property with
For Sale
$2,900,000
14405 Baltimore Ave, Laurel, MD 20707
Restaurant and residential components include outdoor patios, a laundry area, and a fenced pickleball space.
Property Size4,964 SF
Price / SF$584.21
Days on Market41
Property Features for 14405 Baltimore Ave
General Information
Standard status
Active
Size
4,964 SF
Additional Details
Patio
Yes
Amenities
outdoor patios with umbrella seating
designated smoking area
fenced-in pickleball space
laundry area with dual deep sink
Building Details
Year Built
1930
Listing Agency:
RE/MAX Plus
Listed By:
Alena Kirillov · License #630812
(301) 305-6901
Source:
Themelaninteam
Added: Aug 18
Changed: Sep 6
Last Checked: Sep 26 at 9:59AM
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 RE/MAX Plus
Investment Insights
Based on property information with market context.
Built in 1930, this 4,964-square-foot mixed-use property combines an operating restaurant with residential living space. The commercial area includes outdoor patios with umbrella seating, a designated smoking area, and a fenced pickleball court. A laundry area with a dual deep sink adds utility to the main level.
The property is positioned on Baltimore Avenue in Laurel, near a bank, a drive-thru restaurant, shopping centers, restaurants, and service businesses. Its existing restaurant and residential configuration supports continued hospitality use or an owner-operator setup, subject to applicable approvals and operating requirements.
The property is positioned on Baltimore Avenue in Laurel, near a bank, a drive-thru restaurant, shopping centers, restaurants, and service businesses. Its existing restaurant and residential configuration supports continued hospitality use or an owner-operator setup, subject to applicable approvals and operating requirements.
Key Highlights
- 4,964‑square‑foot mixed‑use property built in 1930
- Operating restaurant combined with residential living space
- Outdoor patios with umbrella seating and designated smoking area
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
$112,096
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
3.87%
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%
$2,241,920
$2.2M
Cap Rate 7%
$1,601,371
$1.6M
Cap Rate 9%
$1,245,511
$1.2M
Market Conditions
NOI Build-Up for 4,964 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
$168.6K $33.96/SF
− Vacancy
−$19.1K −$3.85/SF
EGI
$149.5K $30.11/SF
− OpEx
−$37.4K −$7.53/SF
NOI
$112.1K $22.58/SF
Area
Prince George's County, MD
Vacancy
11.34%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
25.00%
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%
$2,241,920
Cap Rate 7%
$1,601,371
Cap Rate 9%
$1,245,511
Alternative Uses
Best Use
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $112,096 @ 7.0% cap · market cap 3.87%
Second Best
Office B
$1.08M
$947.9K – $1.26M
NOI $75,833 @ 7.0% cap · market cap 2.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,720
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and residential components include outdoor patios, a laundry area, and a fenced pickleball space.
Where is this mixed-use property located?
The property is located at 14405 Baltimore Ave Laurel, MD.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 4,964‑square‑foot mixed‑use property built in 1930; Operating restaurant combined with residential living space; Outdoor patios with umbrella seating and designated smoking area
