Mixed-Use Building in Downtown
For Sale
$1,100,000
349 Main Street, Laurel, MD 20707
Two-story mixed-use building with prime corner visibility and flexible zoning.
Property Size4,400 SF
Lot Size0.17 Acres
Price / SF$250
Days on Market358
Property Features for 349 Main Street
General Information
Standard status
Active
Size
4,400 SF
Lot size
0.17 Acres
Property subtype
Commercial
Building Details
Year Built
1915
Listing Agency:
Long & Foster Real Estate,Inc.
(888) 536-0216
Listed By:
Coni L Otto · License #00001
(202) 996-4300
Source:
Ournexthouse
Added: Aug 31, 2025
Changed: Aug 23
Last Checked: Aug 23 at 5:09AM
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 the heart of Historic Downtown Laurel, this two-story mixed-use building at 349 Main Street offers approximately 4,400 square feet of space. The property benefits from prime corner visibility and a strong Main Street presence. Its flexible C-V zoning supports a wide range of retail, office, and service uses. The layout allows for owner occupancy of one level while leasing additional space for supplemental income. Situated on a 0.17-acre lot, the property includes rear on-site parking. It is surrounded by established restaurants, shops, and neighborhood businesses, contributing to steady foot traffic and a strong local presence. The location is ideal for professional offices, boutique retail, salon/spa concepts, café operators, or service-based businesses seeking to establish a long-term presence. The property offers convenient access to major commuter routes between Washington, DC, and Baltimore. The location has a walk score of 89, indicating it is very walkable, a bike score of 51, indicating it is bikeable, and a transit score of 44, indicating some transit options are available.
Key Highlights
- Prime corner location in Historic Downtown Laurel with strong Main Street presence.
- Flexible C‑V zoning supports a wide range of retail, office, and service uses.
- Approximately 4,400 square foot two‑story mixed‑use building.
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
$45,441
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
4.13%
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%
$908,820
$908.8K
Cap Rate 7%
$649,157
$649.2K
Cap Rate 9%
$504,900
$504.9K
Market Conditions
NOI Build-Up for 4,400 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
$79.2K $18.00/SF
− Vacancy
−$6.5K −$1.48/SF
EGI
$72.7K $16.52/SF
− OpEx
−$27.3K −$6.20/SF
NOI
$45.4K $10.33/SF
Area
Anne Arundel County, MD
Vacancy
8.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$908,820
Cap Rate 7%
$649,157
Cap Rate 9%
$504,900
Alternative Uses
Best Use
Mixed Use
$649.2K
$568.0K – $757.4K
NOI $45,441 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,098 @ 7.0% cap · market cap 8.19%
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use building with prime corner visibility and flexible zoning.
Where is this mixed-use property located?
The property is located at 349 Main Street 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.; Flexible C‑V zoning supports a wide range of retail, office, and service uses.; Approximately 4,400 square foot two‑story mixed‑use building.
