Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    349 Main St Laurel, MD 20707

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,100,000

    Two-story mixed-use building with prime visibility in downtown Laurel.

    Lot size:
    0.17 Acres

    Property Features for 349 Main St

    General Information

    Standard status
    Active
    Lot size
    0.17 Acres

    Building Details

    Year built
    1915

    We can help!

    Listing Contact
    Coni L Otto
    Source: Corcoran

    Listing Agency: LONG & FOSTER REAL ESTATE, INC. Listing Agent: Coni L Otto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mixed-Use Building in Historic Laurel

    Located in the heart of Historic Downtown Laurel, this two-story mixed-use building offers approximately 4,400 square feet of space. The property benefits from a prominent corner location and a strong presence on Main Street. Its flexible C-V zoning accommodates a variety of retail, office, and service-oriented businesses. The building's layout allows an owner to occupy one level while leasing the remaining space for additional income. Situated on a 0.17-acre lot, the property includes on-site parking at the rear. It is surrounded by established restaurants, shops, and other neighborhood businesses, which contribute to consistent foot traffic and a strong local presence. This location is suitable for professional offices, boutique retail establishments, salon or spa concepts, café operators, and service-based businesses seeking to establish long-term equity. The property also offers convenient access to major commuter routes connecting Washington, DC, and Baltimore.
    Location Intelligence

    Current Use by Public Records

    Basket Treats Bakery Myste Lounge Bar & Pub Total Recon Automotive ... Car Wash

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.846006
    Latitude
    39.1052833

    Nearby Similar for Sale

    • New
      $7,500,000
      4.30 Acres

      Retail Property on Route 1

      Retail property for sale on busy Route 1 in Laurel.
      13487 Baltimore Ave, Laurel, MD 20707
      View Details
    • $235,000

      Laurel Office Condo For Sale

      Commercial office condo with three large offices and kitchenette.
      601 7Th St, Laurel, MD 20707
      View Details
    • $625,000
      2,184 SF

      Renovated Duplex in Laurel

      Updated 2-level townhome with modern amenities and spacious backyard.
      501-503 8Th St, Laurel, MD 20707
      View Details
    • $1,100,000
      4,400 SF

      Mixed-Use Building in Historic Downtown

      Two-story mixed-use building in Laurel's Historic Downtown.
      349 Main St, Laurel, MD 20707
      View Details
    • $365,050
      1,490 SF

      Modern Office Space For Sale

      1,490 SF office space with direct parking access.
      14205 Park Center Dr, Laurel, MD 20707
      View Details
    • $340,000
      1,414 SF

      Office Condominium Near I-95

      1,414 SF office condo with direct access and central location.
      14207 Park Center Dr, Laurel, MD 20707
      View Details
    • $690,000
      4,337 SF

      Laurel Flex Space For Sale

      Two-story flex condo with office and warehouse components.
      8655 Cherry Lane Ct, Laurel, MD 20707
      View Details
    • $300,000
      1,412 SF

      Commercial Office Space in Laurel

      1,412 SF office space in a growth corridor.
      14333 Laurel Bowie Rd -, Laurel, MD 20708
      View Details
    • Contact for pricing
      12,000 SF

      Modern Office Condos For Sale

      Modern office condos with direct parking lot access, near I-95.
      14203 Park Center Dr, Laurel, MD 20707
      View Details
    • $675,000
      15,000 SF

      Modern Office Space For Sale

      Modern 2,947 SF office space, convenient location, direct parking access.
      14201 Park Ctr Dr #307 &, Laurel, MD 20707
      View Details
    • $765,000

      Specialty Property for Sale

      Specialty property available for purchase.
      8200 Splashing Brook Ct, Laurel, MD 20723
      View Details
    • $550,000

      Specialty Property for Sale

      Specialty property available for purchase in Laurel, Maryland.
      16140 Kenny Rd, Laurel, MD 20707
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use building with prime visibility in downtown Laurel.
    Where is this mixed-use property located?
    The property is located at 349 Main St Laurel, MD.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime corner location in Historic Downtown Laurel with strong Main Street presence.; - Approximately 4,400 square foot mixed-use building.; - Flexible C-V zoning supports a wide range of retail, office, and service uses.
    (301) 384-8700
    Request Owner's contact information
    349 Main St Laurel, MD 20707
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    349 Main St
    Laurel, MD 20707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    349 Main St Laurel, MD 20707
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Coni L Otto
    (301) 384-8700 (240) 483-7556 (301) 388-2600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!