Mixed-Use Property with
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 Market50
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: Oct 11
Last Checked: Oct 19 at 4:55AM
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
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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 / Yr
$125,122
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,502,440
$2.5M
Cap Rate 7%
$1,787,457
$1.8M
Cap Rate 9%
$1,390,244
$1.4M
Market Conditions
NOI Build-Up for 9,294 SF
Gross rent
$242.0K $26.04/SF
− Vacancy
−$14.5K −$1.56/SF
EGI
$227.5K $24.48/SF
− OpEx
−$102.4K −$11.01/SF
NOI
$125.1K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,502,440
Cap Rate 7%
$1,787,457
Cap Rate 9%
$1,390,244
Alternative Uses
Best Use
Retail
$2.98M
$2.61M – $3.48M
NOI $208,785 @ 7.0% cap · market cap 10.99%
Second Best
Apartment 5plus
$1.79M
$1.56M – $2.09M
NOI $125,122 @ 7.0% cap · market cap 6.59%
Theoretical Best
Specialty Retail
$3.00M
$2.62M – $3.50M
NOI $209,874 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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
