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Property profile & analytics
FOR LEASE
Community centers
13600 Baltimore Ave Laurel, MD 20707
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0681067
For Lease
1 / 24
Contact for pricing
13600 Baltimore Ave, Laurel, MD 20707
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2005
Total area
20,288 SF
Lot
20.3 ac (884,268 SF)
Zoning code
LAUR
APN
10-1004894
UPID
US40-0681067
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.52M
Owner & transaction history
Contee Associates LLC · 26 yrs held
Contee Associates LLC
since 1999
3 recorded transactions
Zoning & alternative use
LAUR · Laurel, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Laurel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurel submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,795,000
Current use
INDUSTRIAL (GENERAL)
$13,425,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$18.52M
Range $16.67M – $20.37M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$913 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$787,891
Tax year 2023
Assessed value
$47,779,900
Assessed 2023
Previous assessed
$47,064,100
+1.5% YoY
Effective rate
1.65%
On assessed value
Land market value
$14,004,500
Improvement market value
$36,935,200
Total market value
$50,939,700
Applied tax rate
90.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2005
Heating
YES
Cooling
AC.PACKAGE
Buildings
10
Stories
1
Units
10
Total area
20,288 SF
Lot
20.3 ac (884,268 SF)
Zoning code
LAUR
APN
10-1004894
UPID
US40-0681067
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LAUR · Laurel, MDZoning LAUR · permitted uses
LAUR · Laurel, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$15.8M
INDUSTRIAL (GENERAL)
Est. value
$13.4M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
YES
Cooling
Yes
Stories
1
Buildings
10
Units
10
Lot
20.3 ac
Current owner
From public records · entity-resolved
Contee Associates LLC
Entity
Free & Clear · 26 yrs held
Mailing address
2405 PO BOX 9273RD RD STE #201, OAK BROOK, IL 60522-9273
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2013
—
Potomac Family Dining Group
—
Deed Of Trust
related
$38,800,000 · General Electric Capital Corp
Aug 30, 1999
—
Contee Associates LLC
Fox,chevrolet In
Grant Deed
related
—
—
—
Potomac Family Dining Group
—
Deed Of Trust
related
$24,500,000 · Regions Financial Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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