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    13600 Baltimore Ave Laurel, MD 20707

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    Property profile & analytics

    13600 Baltimore Ave Laurel, MD 20707

    View on Map
    • Community centers
    • 20,288 SF
    • 20.30 lot acres
    For Lease
    $18,520,000
    View Listing →
    Retail Space for Lease For Lease
    $18,520,000

    Retail Space for Lease

    Retail space available for lease in Laurel, Maryland.

    13600 Baltimore Ave, Laurel, MD 20707
    View Listing
    Property ID
    US40-0681067
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chick-fil-A / Take-out & Catering / Catering Service
    • Sardi's Pollo A La Brasa - Laurel / Restaurant
    • Three Brothers Italian Restaurant - Laurel / Restaurant
    • M&T Bank ATM / Atm
    • Pho LuLu / Restaurant

    Property Details for 13600 Baltimore Ave

    Year built
    2005
    Lot size
    20.30 lot acres
    Property size
    20,288 SF
    Zone code
    LAUR
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    10-1004894
    APU
    101004894

    Description

    The Centre at Laurel, located at 13600 Baltimore Ave in Laurel, Maryland (zip code 20707), offers exceptional retail opportunities in Prince George's County. This commercial property boasts a total of 27,619 square feet, with multiple tenancy options available. Three spaces are currently available, ranging from a minimum of 3,650 square feet to a maximum contiguous space of 4,275 square feet. A significant 11,939 square feet of vacant space is ready for immediate occupancy, presenting a unique chance for businesses seeking expansion or a new location. The property's prime location on Baltimore Avenue ensures high visibility and accessibility for customers. This is an ideal setting for businesses seeking a strong presence in a thriving Maryland market. The Centre at Laurel provides a versatile space suitable for a variety of retail concepts. Interested parties are encouraged to inquire about lease terms and availability for these exceptional retail spaces. The property is conveniently located in Laurel, MD, offering easy access to major transportation routes and a strong local customer base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $15,795,000
      Current use
      INDUSTRIAL (GENERAL)
      $13,425,000
      Change: -15% 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
    -76.8693
    Latitude
    39.0778
    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
    $787,891
    $0.00
    $0.00
    $47,779,900
    -
    $14,004,500
    $36,935,200
    $50,939,700

    Comparable in this City

    • Value Estimation
      $16,565,000
      18,150 SF

      14100 Baltimore Ave

      MINI-MALL • 18,150 SF
      14100 Baltimore Ave, Laurel, MD 20707-5088
      View Details
    • Value Estimation by Request
      60,184 SF

      14398 Baltimore Ave

      MINI-MALL • 60,184 SF
      14398 Baltimore Ave, Laurel, MD 20707-4952
      View Details
    • Value Estimation
      $4,980,000
      5,456 SF

      14700 Baltimore Ave

      REGIONAL SHOPPING CENTER, MALL • 5,456 SF
      14700 Baltimore Ave, Laurel, MD 20707-4877
      View Details
    • Value Estimation
      $6,305,000
      25,116 SF

      13919 Baltimore Ave

      SHOPPING CENTER, STRIP CENTER • 25,116 SF
      13919 Baltimore Ave, Laurel, MD 20707-5044
      View Details
    • Value Estimation
      $2,500,000
      7,317 SF

      313 2nd St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,317 SF
      313 2nd St, Laurel, MD 20707-4603
      View Details
    • Value Estimation
      $6,490,000
      19,040 SF

      9701 Ft Meade Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 19,040 SF
      9701 Ft Meade Rd, Laurel, MD 20707-4405
      View Details

    Similar Nearby for Sale

    • $7,500,000

      Retail Property on Route 1

      Retail property for sale on busy Route 1 in Laurel.
      13487 Baltimore Ave, Laurel, MD 20707
      View Details
    • Contact for pricing
      2.70 Acres

      Laurel Retail Space - High Visibility

      Spacious Studio, Ample Parking, High-Rise Views
      312 Marshall Ave Unit 600 - Un, Laurel, MD 20707
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    • Contact for pricing
      3,590 SF

      Retail Space with Established Tenants

      Retail property featuring a hair salon and bakery.
      14123 Baltimore Ave, Laurel, MD 20707
      View Details
    • $7,500,000
      4.30 Acres

      Retail Property on Route 1

      Retail property for sale on busy Route 1 in Laurel.
      13487 Baltimore Ave, Laurel, MD 20707
      View Details
    • $375,000

      Work Where You Live Opportunity

      Commercial space suitable for various businesses with oversized garage.
      910 Montgomery St, Laurel, MD 20707
      View Details
    • $1,100,000

      Mixed-Use Building in Downtown Laurel

      Two-story mixed-use building with prime corner visibility and flexible zoning.
      349 Main St, Laurel, MD 20707
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr

      Laurel Retail Center on Route 1

      Retail spaces in a high-traffic Laurel commercial corridor.
      14201 Baltimore Ave, Laurel, MD 20707
      View Details
    • $25 SF/Yr

      Retail Space in Established Center

      Move-in ready retail space in a highly visible neighborhood center.
      9105 All Saints Rd, Laurel, MD 20707
      View Details
    • Contact for pricing
      7,798 SF

      Retail Space in Laurel, MD

      Retail space available in Laurel Shopping Center.
      1009 Fairlawn Ave, Laurel, MD 20707
      View Details
    • Contact for pricing
      2,448 SF

      Retail Space in Laurel, MD

      Retail space available in community shopping center.
      351-357 Montrose Ave, Laurel, MD 20707
      View Details
    • $30 SF/Yr

      Laurel Shopping Center with Customization

      Shopping center in Laurel with ample parking and customization options.
      14707 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
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    Laurel, MD 20707
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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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