Second-Floor Medical Office
New
For Sale
$450,000
7350 Van Dusen Road Unit 240, Laurel, MD 20707
Medical office condominium with private offices, reception space, and a kitchen within a public and institutional zoning district.
Property Size71,700 SF
Price / SF$300
Days on Market2
Property Features for 7350 Van Dusen Road Unit 240
General Information
Standard status
Active
Size
71,700 SF
Class
Class A
Property subtype
Office
Zoning
P-I
Additional Details
Floor
2
Asking Price
$450,000
Office Units
1
Building Details
Building Size
71,700 SF
Buildings
1
Listed By:
Daniel A. LaPlaca
(301) 918-2950
Source:
Naiglobal
Added: Sep 1
Last Checked: Sep 1 at 8:55PM
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 Daniel A. LaPlaca
Investment Insights
Based on property information with market context.
This medical office condominium offers approximately 1,500 square feet on the second floor of the Laurel Medical Arts Pavilion. The layout includes six offices, a reception area, and a kitchen, providing a defined configuration for professional medical operations.
The property is part of the UM Laurel Medical Center campus and is within walking distance of the medical center. Located at 7350 Van Dusen Road, Unit 240, the suite is zoned P-I, or Public and Institutional.
The property is part of the UM Laurel Medical Center campus and is within walking distance of the medical center. Located at 7350 Van Dusen Road, Unit 240, the suite is zoned P-I, or Public and Institutional.
Key Highlights
- Approximately 1,500 sq. ft. of medical office space
- Second‑floor location within Laurel Medical Arts Pavilion
- Six offices plus reception area and kitchen
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
$21,749
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
4.83%
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%
$434,980
$435.0K
Cap Rate 7%
$310,700
$310.7K
Cap Rate 9%
$241,656
$241.7K
Market Conditions
NOI Build-Up for 1,500 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
$40.5K $27.00/SF
− Vacancy
−$4.3K −$2.84/SF
EGI
$36.2K $24.17/SF
− OpEx
−$14.5K −$9.67/SF
NOI
$21.7K $14.50/SF
Area
Anne Arundel County, MD
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$434,980
Cap Rate 7%
$310,700
Cap Rate 9%
$241,656
Alternative Uses
Best Use
Healthcare Medical
$310.7K
$271.9K – $362.5K
NOI $21,749 @ 7.0% cap · market cap 4.83%
Second Best
Office B
$150.2K
$131.5K – $175.3K
NOI $10,517 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$438.8K
$383.9K – $511.9K
NOI $30,715 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Banfield Pet Hospital — 13600 Baltimore Ave #160, Laurel, MD 20707
- Spay Now Laurel Animal Surgery Clinic — 7401 Van Dusen Rd, Laurel, MD 20707
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condominium with private offices, reception space, and a kitchen within a public and institutional zoning district.
Where is this medical office space located?
The property is located at 7350 Van Dusen Road Unit 240 Laurel, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 1,500 sq. ft. of medical office space; Second‑floor location within Laurel Medical Arts Pavilion; Six offices plus reception area and kitchen
