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    1002 Ww St Laurel, MD 20707-3531

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    Property profile & analytics

    1002 Ww St Laurel, MD 20707-3531

    View on Map
    • Office buildings
    • 35,174 SF
    • 4.82 lot acres
    Off-Market
    Property ID
    US40-0883495
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $9,105,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • American Contracting / Construction Company / General Contractor

    Property Details for 1002 Ww St

    Year built
    1981
    Construction
    BRICK
    Lot size
    4.82 lot acres
    Property size
    35,174 SF
    Zone code
    LAUR
    Property type
    Office buildings
    APN
    10-1024199
    APU
    101024199

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,935,000
      Market price range: $5.93M - $14.2M
      AI Estimate
      $8,270,000
      Market price range: $6.51M - $10.2M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $10,005,000
      Current use
      RETAIL STORES
      $14,670,000
      Change: +47% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $14,580,000
      Change: +46% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8646
    Latitude
    39.1039
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $91,068
    $0.00
    $0.00
    $5,522,600
    -
    $1,953,100
    $3,797,900
    $5,751,000

    Comparable in this City

    • Value Estimation
      $15,215,000
      69,625 SF

      1100 Ww St

      OFFICE BUILDING • 69,625 SF
      1100 Ww St, Laurel, MD 20707-3500
      View Details
    • Value Estimation
      $7,280,000
      41,180 SF

      14440 Cherry Ln Ct

      OFFICE BUILDING • 41,180 SF
      14440 Cherry Ln Ct, Laurel, MD 20707-4946
      View Details
    • Value Estimation
      $22,580,000
      127,725 SF

      7901 Sandy Spg Rd

      OFFICE BUILDING • 127,725 SF
      7901 Sandy Spg Rd, Laurel, MD 20707-3589
      View Details
    • Value Estimation
      $825,000
      2,365 SF

      7810 Academy Ln

      OFFICE BUILDING • 2,365 SF
      7810 Academy Ln, Laurel, MD 20707-9402
      View Details
    • Value Estimation
      $1,800,000
      9,440 SF

      13 C St

      OFFICE BUILDING • 9,440 SF
      13 C St, Laurel, MD 20707-4152
      View Details
    • Value Estimation
      $550,000
      1,692 SF

      307 Compton Ave

      OFFICE BUILDING • 1,692 SF
      307 Compton Ave, Laurel, MD 20707-4329
      View Details

    Similar Nearby for Sale

    • $3,700,000
      16,880 SF

      Renovated Class A Office Space

      Fully renovated office space ideal for medical or professional use.
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    • Contact for pricing
      6,677 SF

      Historic Firehouse Office/Community Space

      Renovated historic building near Laurel's Main Street.
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      0.06 Acres

      Laurel Office Condo - Prime Location

      Spacious Office Condo near major routes.
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    • $340,000

      Office Condominium Near I-95

      1,414 SF office condo with direct access and central location.
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    • $375,000

      Work Where You Live Opportunity

      Commercial space suitable for various businesses with oversized garage.
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    • $1,100,000

      Mixed-Use Building in Downtown Laurel

      Two-story mixed-use building with prime corner visibility and flexible zoning.
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    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      120,904 SF Class A office building for rent.
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      View Details
    • Contact for pricing

      Turnkey Office in Laurel Business District

      Freestanding office building with furniture, ready for immediate occupancy.
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      View Details
    • $22 SF/Yr

      Medical Suite on Baltimore Avenue

      Ground floor medical suite with ample parking and high visibility.
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    • $2,550 /Mo

      First-Floor Office Suite in Laurel

      Spacious, first-floor office suite in a high-traffic Laurel location.
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      View Details
    • $3,000 /Mo
      2,091 SF

      Office Space For Rent

      Office unit available for lease in Laurel, Maryland.
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      View Details
    • $6,500 /Mo

      Renovated Office Space in Laurel

      Combined office units with modern amenities and strategic location.
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      View Details
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    Laurel, MD 20707-3531
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    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
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