Turnkey Restaurant with Apartment
For Sale
Contact for pricing
363 Main St, Laurel, MD
Restaurant with apartment above on Main Street, Laurel, MD.
Property Size4,408 SF
Lot Size0.09 Acres
Price / SF$272.23
Days on Market333
Property Features for 363 Main St
General Information
Standard status
Active
Size
4,408 SF
Lot size
0.09 Acres
Property subtype
RETAIL
Listing Agency:
Greysteel | Dallas
(410) 227-7342
Listed By:
Benjamin Wilson · License #DC#SP200205686
(410) 227-7342
Source:
Moodyscre
Added: Oct 3, 2025
Changed: Aug 18
Last Checked: Aug 31 at 1:14AM
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 Greysteel | Dallas
Investment Insights
Based on property information with market context.
This is a turnkey second-generation restaurant with a 2-bedroom apartment located above it on Main Street in Laurel, Maryland. The property offers an opportunity for an owner/user to occupy the restaurant space and live in the apartment above, or rent the apartment for additional income. Both spaces are move-in ready. The property's debt service can be supplemented by leasing the 2-bedroom apartment at market rent. Ample parking is available in the rear, and alley access is provided for tenant or employee parking. The property size is 4408 square feet.
Key Highlights
- Turnkey restaurant with 2‑bedroom apartment above
- Owner/user opportunity to live and work on‑site
- Move‑in ready restaurant and apartment
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
$70,059
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
5.84%
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%
$1,401,180
$1.4M
Cap Rate 7%
$1,000,843
$1.0M
Cap Rate 9%
$778,433
$778.4K
Market Conditions
NOI Build-Up for 4,408 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
$96.8K $21.96/SF
− Vacancy
−$3.4K −$0.77/SF
EGI
$93.4K $21.19/SF
− OpEx
−$23.4K −$5.30/SF
NOI
$70.1K $15.89/SF
Area
Anne Arundel County, MD
Vacancy
3.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,401,180
Cap Rate 7%
$1,000,843
Cap Rate 9%
$778,433
Alternative Uses
Best Use
Specialty Retail
$1.00M
$875.7K – $1.17M
NOI $70,059 @ 7.0% cap · market cap 5.84%
Second Best
Retail
$891.3K
$779.9K – $1.04M
NOI $62,390 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,262 @ 7.0% cap · market cap 7.52%
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
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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?
Restaurant - Restaurant with apartment above on Main Street, Laurel, MD.
Where is this restaurant located?
The property is located at 363 Main St Laurel, MD.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Turnkey restaurant with 2‑bedroom apartment above; Owner/user opportunity to live and work on‑site; Move‑in ready restaurant and apartment
