Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13924 Baltimore Ave Laurel, MD 20707
    Back to Search
    Property profile & analytics

    13924 Baltimore Ave Laurel, MD 20707

    View on Map
    • Office Spaces
    • 3,172 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 13924 Baltimore Ave

    Year built
    1987
    Property size
    3,172 SF
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This single-story, 3,172 square foot Class B office condo is located at 13924 Baltimore Avenue, Laurel, MD 20707 in Prince George's County. Built in 1987, this vacant property is currently available for sale at $507,520. The property features a functional layout suitable for various medical practices, with ADA accessibility throughout. The single unit building is situated on a lot zoned PDA-E (Planned Development Area Existing), offering excellent visibility and ample parking. This distressed sale presents a unique opportunity for medical professionals seeking a flexible space in a growing community. The property's location provides convenient access to major roadways and nearby amenities. Laurel, MD is experiencing population growth, creating potential for expansion and increased patient volume. The adaptable floor plan allows for customization to meet specific healthcare requirements, making it ideal for smaller practices or those with specialized equipment. This is a one-unit building with one story. The sale is a bankruptcy sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8647
    Latitude
    39.081

    Comparable in this City

    • Value Estimation
      $1,095,000
      3,078 SF

      379 Main St

      MEDICAL BUILDING • 3,078 SF
      379 Main St, Laurel, MD 20707-4155
      View Details
    • Value Estimation
      $4,860,000
      43,217 SF

      14201 Laurel Park Dr

      MEDICAL BUILDING • 43,217 SF
      14201 Laurel Park Dr, Laurel, MD 20707-5203
      View Details
    • Value Estimation
      $4,160,000
      24,424 SF

      13900 Laurel Lks Ave

      MEDICAL BUILDING • 24,424 SF
      13900 Laurel Lks Ave, Laurel, MD 20707-5091
      View Details
    • Value Estimation
      $2,260,000
      8,580 SF

      14235 Park Ctr Dr

      MEDICAL BUILDING • 8,580 SF
      14235 Park Ctr Dr, Laurel, MD 20707-5261
      View Details
    • Value Estimation
      $825,000
      4,355 SF

      7140 Contee Rd

      MEDICAL BUILDING • 4,355 SF
      7140 Contee Rd, Laurel, MD 20707-9527
      View Details
    • Value Estimation
      $1,020,000
      4,000 SF

      14113 Baltimore Ave

      MEDICAL BUILDING • 4,000 SF
      14113 Baltimore Ave, Laurel, MD 20707-5073
      View Details

    Similar Nearby for Sale

    • $299,900

      Professional/Medical/Retail Office Space For Sale

      2,068 sqft office space in a well-traveled area.
      13934 Baltimore Ave, Laurel, MD 20707
      View Details
    • $3,700,000
      16,880 SF

      Renovated Class A Office Space

      Fully renovated office space ideal for medical or professional use.
      14750 Sweitzer Ln, Laurel, MD 20707
      View Details
    • Contact for pricing
      26,543 SF

      Laurel Retail and Office Space

      Retail and office spaces available in Laurel Lakes Corporate Center.
      13990-13994 Baltimore Ave, Laurel, MD 20707
      View Details
    • $328,500

      Medical Office Condo Opportunity

      71,700 SF medical office condo near University of Maryland.
      7350 Van Dusen Rd, Laurel, MD 20707
      View Details
    • $230,000

      Versatile Suite in Laurel

      850 SF suite ideal for wellness or professional services.
      595 Main St, Laurel, MD 20707
      View Details
    • Contact for pricing
      0.06 Acres

      Laurel Office Condo - Prime Location

      Spacious Office Condo near major routes.
      13681 Baltimore Ave, Laurel, MD 20707
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,558 SF

      Medical Office Space Available

      Medical office space for rent featuring multiple exam rooms.
      7140 Contee Rd, Laurel, MD 20707
      View Details
    • $22 SF/Yr

      Medical Suite on Baltimore Avenue

      Ground floor medical suite with ample parking and high visibility.
      13900 Baltimore Ave, Laurel, MD 20707
      View Details
    • $2,550 /Mo

      First-Floor Office Suite in Laurel

      Spacious, first-floor office suite in a high-traffic Laurel location.
      13631 Baltimore Ave, Laurel, MD 20707
      View Details
    • $2,500 /Mo
      876 SF

      Professional Office Suite in Laurel

      First-floor office suite in high-traffic Laurel, move-in ready.
      13631 Baltimore Ave, Laurel, MD 20707
      View Details
    • Contact for pricing

      Mixed-Use Shopping Center in Laurel, MD

      392,500 SF mixed-use center with retail, dining, and entertainment.
      14702-14828 Baltimore Ave, Laurel, MD 20707
      View Details
    • $6,500 /Mo

      Renovated Office Space For Rent

      Prime location office space with modern amenities and strategic positioning.
      14203 Park Center Dr, Laurel, MD 20707
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13924 Baltimore Ave
    Laurel, MD 20707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13924 Baltimore Ave, Laurel, MD, 20707
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!