Building Details

Building Size 71,700 SF

Buildings 1

Listed By: Daniel A. LaPlaca Show Phone

Source: Naiglobal

Added: Sep 1 Last Checked: Oct 16 at 7:30AM

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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

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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.

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 / Yr

$22,915

Cap Rate

5.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$458,300 $458.3K

Cap Rate 7%

$327,357 $327.4K

Cap Rate 9%

$254,611 $254.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$36.9K $24.60/SF

− Vacancy

−$6.3K −$4.23/SF

EGI

$30.6K $20.37/SF

− OpEx

−$7.6K −$5.09/SF

NOI

$22.9K $15.28/SF

Area

Prince George's County, MD

Vacancy

17.20%

Lease Rate

$24.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$458,300

Cap Rate 7%

$327,357

Cap Rate 9%

$254,611

Alternative Uses

Best Use

Office B

$327.4K

$286.4K – $381.9K (±1% cap)

NOI $22,915 @ 7.0% cap · market cap 5.09%

Second Best

Healthcare Medical

$257.5K

$225.3K – $300.4K (±1% cap)

NOI $18,022 @ 7.0% cap · market cap 4.00%

Theoretical Best

Specialty Retail

$483.9K

$423.4K – $564.6K (±1% cap)

NOI $33,873 @ 7.0% cap · market cap 7.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Laurel Radiology Services Medical Clinic Smile Loft Laurel Dental Office New, Used, and Rebuilt ... Auto Repair Shop Laurel Pharmacy Pharmacy Dr. Chandra Graham-Parker Physician

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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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