Retail Space with Shell
377 MAIN STREET, Laurel, MD 20707
For Sale
Contact for pricing
An unfinished interior allows a business to plan its layout around its operations.
Property Size900 SF
Price / SF$2.67
Days on Market53
Property Features for 377 MAIN STREET
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
HomeSmart
(301) 434-4065
Listed By:
Carl Reid · License MD #628240
(240) 388-4931
Source:
Cummingsrealtors
Added: Sep 22
Changed: Nov 12
Last Checked: Nov 12 at 8:12AM
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 HomeSmart
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 900-square-foot retail space is offered in shell condition, giving an incoming occupant an open interior to configure. The building dates to 1915. Restaurant, carry-out, café, bakery, fitness, wellness, event, and professional service concepts are among the uses identified for consideration.
The property is in Old Town Laurel, with access to Route 1, the MARC train, I-95, and the Baltimore-Washington Parkway.
The property is in Old Town Laurel, with access to Route 1, the MARC train, I-95, and the Baltimore-Washington Parkway.
Key Highlights
- 900‑square‑foot retail space in shell condition
- Building constructed in 1915
- Access to Route 1, the MARC train, I‑95, and the Baltimore‑Washington Parkway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,271
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,420
$285.4K
Cap Rate 7%
$203,871
$203.9K
Cap Rate 9%
$158,567
$158.6K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$23.2K $25.80/SF
− Vacancy
−$2.8K −$3.15/SF
EGI
$20.4K $22.65/SF
− OpEx
−$6.1K −$6.80/SF
NOI
$14.3K $15.86/SF
Area
Prince George's County, MD
Vacancy
12.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,420
Cap Rate 7%
$203,871
Cap Rate 9%
$158,567
Alternative Uses
Best Use
Specialty Retail
$290.3K
$254.1K – $338.7K
NOI $20,324 @ 7.0% cap
Second Best
Retail
$288.8K
$252.7K – $337.0K
NOI $20,218 @ 7.0% cap
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway 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
$411,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Prince George's County, MD
Properties on Market for Retail space in Prince George's County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An unfinished interior allows a business to plan its layout around its operations.
Where is this retail space located?
The property is located at 377 MAIN STREET Laurel, MD.
What are key features of this property?
This property features: 900‑square‑foot retail space in shell condition; Building constructed in 1915; Access to Route 1, the MARC train, I‑95, and the Baltimore‑Washington Parkway
