Mixed-Use Property with
New
For Sale
Contact for pricing
309 Main Street, Laurel, MD 20707
Street-level commercial space is paired with five multifamily units and flexible entry points for separate commercial occupancy.
Property Size9,294 SF
Price / SF$204.43
Days on Market5
Property Features for 309 Main Street
General Information
Standard status
Active
Size
9,294 SF
Property subtype
Retail, Multifamily
Units
Unit Mix
1 x studio, 3 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
5
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Feldman Ruel
Listed By:
Brandon Cardwell · License #MD SP400001955
Source:
Crexi
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 4 at 2:57PM
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.
This mixed-use property contains 9,294 square feet with a street-level retail component and five multifamily units positioned on the upper levels. The commercial area has four independent entrances, supporting potential division into multiple suites. The retail space may be delivered vacant at closing, and a short-term sale-leaseback is also under consideration.
The residential configuration includes one studio, three one-bedroom, one-bathroom units, and one three-bedroom, one-bathroom unit. Capital work is currently in progress, including installation of four HVAC units, three 100-amp arc-fault subpanels, and substantial renovations to two of the multifamily units. The property is located at 309 Main Street in Laurel, Maryland.
The residential configuration includes one studio, three one-bedroom, one-bathroom units, and one three-bedroom, one-bathroom unit. Capital work is currently in progress, including installation of four HVAC units, three 100-amp arc-fault subpanels, and substantial renovations to two of the multifamily units. The property is located at 309 Main Street in Laurel, Maryland.
Key Highlights
- 9,294‑square‑foot mixed‑use property with street‑level retail and five multifamily units
- Retail area includes four separate entrances for potential commercial subdivision
- Residential mix includes one studio, three one‑bedroom/one‑bathroom units, and one three‑bedroom/one‑bathroom 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
$131,546
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
6.92%
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%
$2,630,920
$2.6M
Cap Rate 7%
$1,879,229
$1.9M
Cap Rate 9%
$1,461,622
$1.5M
Market Conditions
NOI Build-Up for 9,294 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
$200.8K $21.60/SF
− Vacancy
−$12.8K −$1.38/SF
EGI
$187.9K $20.22/SF
− OpEx
−$56.4K −$6.07/SF
NOI
$131.5K $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%
$2,630,920
Cap Rate 7%
$1,879,229
Cap Rate 9%
$1,461,622
Alternative Uses
Best Use
Retail
$1.88M
$1.64M – $2.19M
NOI $131,546 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$1.79M
$1.57M – $2.09M
NOI $125,431 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,311 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,564
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space is paired with five multifamily units and flexible entry points for separate commercial occupancy.
Where is this mixed-use property located?
The property is located at 309 Main Street Laurel, MD.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 9,294‑square‑foot mixed‑use property with street‑level retail and five multifamily units; Retail area includes four separate entrances for potential commercial subdivision; Residential mix includes one studio, three one‑bedroom/one‑bathroom units, and one three‑bedroom/one‑bathroom unit
