Second-Floor Office
New
For Sale
Contact for pricing
8633 CHERRY LANE #8633, Laurel, MD 20707
A first-floor client lobby and assigned parking serve this second-level workspace.
Property Size2,376 SF
Price / SF$0.25
Days on Market5
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 8633 CHERRY LANE #8633
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Commercial
Additional Details
Floor
2
Amenities
guest lobby
on-site maintenance
Building Details
Year Built
1986
Listing Agency:
ABR Real Estate, LLC.
(240) 472-6796
Listed By:
Laverne Robinson
(240) 676-2709
Source:
Cummingsrealtors
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 15 at 12:14AM
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 ABR Real Estate, LLC.
Investment Insights
Based on property information with market context.
This office unit is on the second floor, across from a bathroom. Clients can use a lobby on the first floor, and assigned parking is provided. The property was built in 1986 and has an on-site maintenance presence and a landscaped entrance.
Key Highlights
- Second‑floor office unit located across from a bathroom
- First‑floor lobby available for visiting clients
- Assigned parking spaces provided
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,297
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,940
$725.9K
Cap Rate 7%
$518,529
$518.5K
Cap Rate 9%
$403,300
$403.3K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$58.4K $24.60/SF
− Vacancy
−$10.1K −$4.23/SF
EGI
$48.4K $20.37/SF
− OpEx
−$12.1K −$5.09/SF
NOI
$36.3K $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%
$725,940
Cap Rate 7%
$518,529
Cap Rate 9%
$403,300
Alternative Uses
Best Use
Office B
$518.5K
$453.7K – $605.0K
NOI $36,297 @ 7.0% cap · market cap 6,049.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$766.5K
$670.7K – $894.2K
NOI $53,654 @ 7.0% cap · market cap 8,942.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,708
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - A first-floor client lobby and assigned parking serve this second-level workspace.
Where is this office units located?
The property is located at 8633 CHERRY LANE #8633 Laurel, MD.
What are key features of this property?
This property features: Second‑floor office unit located across from a bathroom; First‑floor lobby available for visiting clients; Assigned parking spaces provided
