Multi-Tenant Retail
For Sale
Contact for pricing
210 Main Street, Laurel, MD 20707
Two-building, 100%-occupied retail property with shared surface parking and a month-to-month beauty salon lease.
Property Size8,483 SF
Price / SF$159.14
Days on Market59
Property Features for 210 Main Street
General Information
Standard status
Active
Size
8,483 SF
Total Parking Spaces
24
Property subtype
Retail
Zoning
C-V
Occupancy
100%
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Feldman Ruel
Listed By:
Brandon Cardwell · License #MD SP400001955
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 7 at 4:05AM
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 Feldman Ruel
Investment Insights
Based on property information with market context.
Washington & Main is a 100%-occupied, multi-tenant retail property comprised of two buildings and a shared surface parking lot. Building 1 includes three retail units, with two occupied by Angie's Fashion and one occupied by PHD Salon. Building 2 contains two retail units, each occupied under a single lease. One tenant operates Dulce Tentacion Paleteria on the first level with specialty Latin desserts, and also operates a beauty salon on the second level.
The property is located at the signalized intersection of U.S. Route 1 and Laurel’s Historic Main Street within Historic District No. 1. The shared parking field serves tenants across both buildings, supporting straightforward customer access for the on-site retail uses.
For buyers seeking an income-producing retail asset, the current occupancy is fully leased, with lease structure details that may support operational flexibility. PHD Salon’s lease is month-to-month and is stated to be at a below-market rent, while the remaining tenants are in place under their existing arrangements. The mix of storefront retail units and the shared parking configuration may appeal to retailers, service operators, and investors looking to manage multiple unit relationships within one ownership.
The property is located at the signalized intersection of U.S. Route 1 and Laurel’s Historic Main Street within Historic District No. 1. The shared parking field serves tenants across both buildings, supporting straightforward customer access for the on-site retail uses.
For buyers seeking an income-producing retail asset, the current occupancy is fully leased, with lease structure details that may support operational flexibility. PHD Salon’s lease is month-to-month and is stated to be at a below-market rent, while the remaining tenants are in place under their existing arrangements. The mix of storefront retail units and the shared parking configuration may appeal to retailers, service operators, and investors looking to manage multiple unit relationships within one ownership.
Key Highlights
- Two‑building retail property with 100% occupancy and five retail units currently leased
- Shared surface parking lot used by all tenants
- Building 1 offers three retail units: Angie's Fashion (2 units) and PHD Salon (1 unit)
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
$120,067
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
8.89%
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%
$2,401,340
$2.4M
Cap Rate 7%
$1,715,243
$1.7M
Cap Rate 9%
$1,334,078
$1.3M
Market Conditions
NOI Build-Up for 8,483 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
$183.2K $21.60/SF
− Vacancy
−$11.7K −$1.38/SF
EGI
$171.5K $20.22/SF
− OpEx
−$51.5K −$6.07/SF
NOI
$120.1K $14.15/SF
Area
Anne Arundel County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$2,401,340
Cap Rate 7%
$1,715,243
Cap Rate 9%
$1,334,078
Alternative Uses
Best Use
Retail
$1.72M
$1.50M – $2.00M
NOI $120,067 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,705 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,763
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-building, 100%-occupied retail property with shared surface parking and a month-to-month beauty salon lease.
Where is this retail space located?
The property is located at 210 Main Street Laurel, MD.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑building retail property with 100% occupancy and five retail units currently leased; Shared surface parking lot used by all tenants; Building 1 offers three retail units: Angie's Fashion (2 units) and PHD Salon (1 unit)
