Corner Flex Space with
New
For Sale
Contact for pricing
329 Main St, Laurel, MD 20707
Two connected commercial buildings combine showroom, storage, work areas, and parking in Laurel’s Commercial Village district.
Property Size6,000 SF
Lot Size0.28 Acres
Price / SF$250
Days on Market6
Property Features for 329 Main St
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.28 Acres
Property subtype
RETAIL
Zoning
Commercial Village
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Warehouse Space
1,600 SF
Listing Agency:
MacKenzie Commercial Real Estate | Baltimore
(410) 494-4863
Listed By:
Mike Ruocco
(410) 627-6881
Source:
Moodyscre
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 30 at 11:59PM
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 MacKenzie Commercial Real Estate | Baltimore
Investment Insights
Based on property information with market context.
The property comprises two connected Main Street addresses totaling approximately 7,600 SF on a 0.28 AC corner parcel. The 325 Main Street building contributes about 1,600 SF of storage and work space, while 329 Main Street provides roughly 6,000 SF of showroom and work space. Curbside and on-site parking are included, and the configuration supports retail, restaurant, showroom, or office use as described.
The site is two blocks from US Route 1 and offers access to I-95, MD 198, US Route 29, and the Baltimore-Washington Parkway. Laurel Park Racetrack is minutes away. Restaurants, offices, and residential uses surround the Main Street location, which is across from the Laurel Main Post Office within the Commercial Village district.
The site is two blocks from US Route 1 and offers access to I-95, MD 198, US Route 29, and the Baltimore-Washington Parkway. Laurel Park Racetrack is minutes away. Restaurants, offices, and residential uses surround the Main Street location, which is across from the Laurel Main Post Office within the Commercial Village district.
Key Highlights
- Approximately 7,600 SF across 325 and 329 Main Street
- 0.28 AC ± corner lot in Laurel’s Commercial Village district
- 1,600 SF ± of storage and work space at 325 Main Street
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
$84,923
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
5.66%
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%
$1,698,460
$1.7M
Cap Rate 7%
$1,213,186
$1.2M
Cap Rate 9%
$943,589
$943.6K
Market Conditions
NOI Build-Up for 6,000 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
$129.6K $21.60/SF
− Vacancy
−$8.3K −$1.38/SF
EGI
$121.3K $20.22/SF
− OpEx
−$36.4K −$6.07/SF
NOI
$84.9K $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%
$1,698,460
Cap Rate 7%
$1,213,186
Cap Rate 9%
$943,589
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $84,923 @ 7.0% cap · market cap 5.66%
Second Best
Flex RnD
$1.02M
$896.8K – $1.20M
NOI $71,747 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,861 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Antojitos Silvia LLC — 820 Second St, Laurel, MD 20707
- Chez Yiamme's Catering & Functions — 347 Main St, Laurel, MD 20707
- MJE Catering — 675 Main St Suite B, Laurel, MD 20707
Frequently Asked Questions
What type of property is this?
Flex space - Two connected commercial buildings combine showroom, storage, work areas, and parking in Laurel’s Commercial Village district.
Where is this flex space located?
The property is located at 329 Main St Laurel, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 7,600 SF across 325 and 329 Main Street; 0.28 AC ± corner lot in Laurel’s Commercial Village district; 1,600 SF ± of storage and work space at 325 Main Street
