Retail Property with Liquor
For Sale
$7,500,000
13487 Baltimore Avenue # 1 Laurel, Laurel, MD 20707
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 Market113
Property Features for 13487 Baltimore Avenue # 1 Laurel
General Information
Standard status
Active
Size
26,705 SF
Total Parking Spaces
43
Lot size
4.30 Acres
Zoning
C
Additional Details
Business Included
Yes
Road Access
Yes
Liquor License
Yes
Amenities
Wood
Natural Gas
Yes
Public
No
Driveway,Parking Lot
43
6977.00
Building Details
Year Built
1995
Tenancy
Multi
Listed By:
Judy Rice
(866) 825-7169
Source:
Va.exprealty
Added: Jul 1
Changed: Oct 7
Last Checked: Oct 7 at 9:28AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$603,044
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,060,880
$12.1M
Cap Rate 7%
$8,614,914
$8.6M
Cap Rate 9%
$6,700,489
$6.7M
Market Conditions
NOI Build-Up for 26,705 SF
Gross rent
$906.9K $33.96/SF
− Vacancy
−$102.8K −$3.85/SF
EGI
$804.1K $30.11/SF
− OpEx
−$201.0K −$7.53/SF
NOI
$603.0K $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 Rate 5%
$12,060,880
Cap Rate 7%
$8,614,914
Cap Rate 9%
$6,700,489
Alternative Uses
Best Use
Specialty Retail
$8.61M
$7.54M – $10.05M
NOI $603,044 @ 7.0% cap · market cap 8.04%
Second Best
Retail
$8.57M
$7.50M – $10.00M
NOI $599,916 @ 7.0% cap · market cap 8.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,743
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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
