Historic Downtown Mixed-Use
For Sale
Contact for pricing
349 Main St, Laurel, MD 20707
Mixed-use property in historic downtown Laurel with commercial and office space.
Property Size5,528 SF
Lot Size0.17 Acres
Price / SF$198.99
Days on Market164
Property Features for 349 Main St
General Information
Standard status
Active
Size
5,528 SF
Class
C
Total Parking Spaces
15
Lot size
0.17 Acres
Property subtype
Business for Sale, Mixed Use, Office, Retail
Zoning
commercial village
Investment Type
Owner/User
Building Details
Year Built
1955
Stories
3
Units
13
Tenancy
Multi
Listing Agency:
Long & Foster Real Estate, Inc
(888) 536-0216
Listed By:
Coni Otto · License #00001
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 Long & Foster Real Estate, Inc
Investment Insights
Based on property information with market context.
Located in Historic Downtown Laurel, the property at 349 Main Street offers a mixed-use profile suitable for an owner-user, value-add investor, or a buyer seeking to establish a business. The building features multiple commercial bays and second-floor office space, reflecting a history of mixed-use occupancy. The property has a total building size of 4,400 square feet, plus a 1,278 square foot lower level, situated on a 0.17-acre lot. Constructed in 1915, the two-level layout includes approximately 2,200 square feet on both the first and second floors. The second level contains 10 office spaces. On-site parking is available with 18 spaces in the rear lot. The property is zoned C-V (Commercial Village), intended to support Main Street-style commercial activity such as neighborhood-serving retail, dining, and service businesses. Potential uses include boutique retail or specialty shops, a café or carryout concept, salon or barber services, professional offices, and creative studios.
Key Highlights
- Prime location in Historic Downtown Laurel with high visibility corner address.
- Mixed‑use zoning (C‑V) allows for a variety of commercial and office uses.
- Ample on‑site parking with 18 spaces in the rear lot.
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
$78,242
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
7.11%
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%
$1,564,840
$1.6M
Cap Rate 7%
$1,117,743
$1.1M
Cap Rate 9%
$869,356
$869.4K
Market Conditions
NOI Build-Up for 5,528 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
$119.4K $21.60/SF
− Vacancy
−$7.6K −$1.38/SF
EGI
$111.8K $20.22/SF
− OpEx
−$33.5K −$6.07/SF
NOI
$78.2K $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%
$1,564,840
Cap Rate 7%
$1,117,743
Cap Rate 9%
$869,356
Alternative Uses
Best Use
Retail
$1.12M
$978.0K – $1.30M
NOI $78,242 @ 7.0% cap · market cap 7.11%
Second Best
Mixed Use
$815.6K
$713.6K – $951.5K
NOI $57,090 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,196 @ 7.0% cap · market cap 10.29%
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in historic downtown Laurel with commercial and office space.
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 location in Historic Downtown Laurel with **high visibility corner address**.; Mixed‑use zoning (C‑V) allows for a variety of commercial and office uses.; Ample on‑site parking with 18 spaces in the rear lot.
