Retail Property with Liquor
13487 Baltimore Avenue # 1 Laurel Laurel, MD 20707
13487 Baltimore Avenue # 1 Laurel, Laurel, MD, 20707
$7,500,000
For Sale
$7,500,000
Multitenant retail property with a vacant space and seller-listed class A liquor license.
Property Size26,705 SF
Lot Size4.30 Acres
Price / SF$280.85
Days on Market21
Property Features for 13487 Baltimore Avenue # 1 Laurel
General Information
- Standard status
- Active
- Size
- 26,705 SF
- Lot size
- 4.30 Acres
Building Details
- Year Built
- 1995
Listing agency
(866) 825-7169
Listed by
Judy Rice
(866) 825-7169
Source
Va.exprealty
Added: Jul 1 Updated: Jul 21 at 5:59AM Checked: Jul 21 at 5:59AM
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 Judy Rice
Investment Insights
Based on property information with market context.
Retail property for sale on Route 1 in Laurel, Maryland, built on a 4.3-acre lot. The property is currently configured with seven tenants, and the Sakura space is noted as vacant. Seller-listed improvements and licenses include a class A license for a liquor store.
The offering is described as zoned for CC, with the seller indicating the liquor license may support restaurant and sports bar concepts. Current tenant operations listed include a church, event hall, hair salon, mechanic, body shop, and an African event hall.
Showings are by appointment only. The seller indicates they are marketing the property as a whole and not interested in selling separately.
The offering is described as zoned for CC, with the seller indicating the liquor license may support restaurant and sports bar concepts. Current tenant operations listed include a church, event hall, hair salon, mechanic, body shop, and an African event hall.
Showings are by appointment only. The seller indicates they are marketing the property as a whole and not interested in selling separately.
Key Highlights
- Multitenant retail property on Route 1 in Laurel on a 4.3‑acre lot
- 7 current tenants plus a vacant space (Sakura is currently vacant)
- 43 total parking spaces and 6,977 SF total building area
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $586.4k | $21.96 |
| − Vacancy | −$20.5k | −$0.77 |
| EGI | $565.9k | $21.19 |
| − OpEx | −$141.5k | −$5.30 |
| NOI | $424.4k | $15.89 |
26,705 SF · lease $21.96/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$6.06M
$5.31M – $7.07M
NOI $424,437 @ 7.0% cap · market cap 5.66%
Second Best
Retail
$5.40M
$4.72M – $6.30M
NOI $377,978 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$7.81M
$6.84M – $9.11M
NOI $546,833 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multitenant retail property with a vacant space and seller-listed class A liquor license.
Where is this retail space located?
The property is located at 13487 Baltimore Avenue # 1 Laurel Laurel, MD.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Multitenant retail property on Route 1 in Laurel on a 4.3‑acre lot; 7 current tenants plus a vacant space (Sakura is currently vacant); 43 total parking spaces and 6,977 SF total building area
