Two-Level Mixed-Use
For Sale
Contact for pricing
Pending
374 Main Street, Laurel, MD 20707
Ground-floor retail space complements two upstairs residential units with separate entrances.
Property Size3,076 SF
Days on Market177
Property Features for 374 Main Street
General Information
Standard status
Pending
Size
3,076 SF
Total Parking Spaces
19
Property subtype
Retail, Multifamily, Mixed Use
Zoning
C-V
Occupancy
50%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
Feldman Ruel
Listed By:
Brandon Cardwell · License #MD SP400001955
Source:
Crexi
Added: Apr 24
Changed: Oct 17
Last Checked: Oct 16 at 8:26AM
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 Feldman Ruel
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Investment Insights
Based on property information with market context.
This two-level mixed-use building combines a 3,076-square-foot retail area on the ground floor with two upstairs residential units. Each apartment includes one bedroom and one bathroom, with private entrances providing separate access. The retail component will be vacant at closing, while both residential units are occupied and producing in-place cash flow. One apartment is leased through January 2027, and the other operates on a month-to-month arrangement.
The property is positioned along Laurel’s Historic Main Street, near the center of the district. Its setting provides exposure to both vehicle and pedestrian traffic within an area defined by historic character. The configuration supports a commercial storefront at street level alongside residential occupancy above.
The property is positioned along Laurel’s Historic Main Street, near the center of the district. Its setting provides exposure to both vehicle and pedestrian traffic within an area defined by historic character. The configuration supports a commercial storefront at street level alongside residential occupancy above.
Key Highlights
- 3,076‑square‑foot, two‑level mixed‑use building
- Ground‑floor retail space delivered vacant at closing
- Two upstairs one‑bedroom, one‑bathroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,411
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,220
$828.2K
Cap Rate 7%
$591,586
$591.6K
Cap Rate 9%
$460,122
$460.1K
Market Conditions
NOI Build-Up for 3,076 SF
Gross rent
$80.1K $26.04/SF
− Vacancy
−$4.8K −$1.56/SF
EGI
$75.3K $24.48/SF
− OpEx
−$33.9K −$11.01/SF
NOI
$41.4K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,220
Cap Rate 7%
$591,586
Cap Rate 9%
$460,122
Alternative Uses
Best Use
Retail
$987.2K
$863.8K – $1.15M
NOI $69,101 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$591.6K
$517.6K – $690.2K
NOI $41,411 @ 7.0% cap · market cap 5.71%
Theoretical Best
Specialty Retail
$992.3K
$868.3K – $1.16M
NOI $69,461 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space complements two upstairs residential units with separate entrances.
Where is this mixed-use property located?
The property is located at 374 Main Street Laurel, MD.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,076‑square‑foot, two‑level mixed‑use building; Ground‑floor retail space delivered vacant at closing; Two upstairs one‑bedroom, one‑bathroom apartments
