Property profile

13990 Baltimore Ave Laurel, MD 20707

FOR LEASE
Office buildings
Property ID
US40-1323274
22,902 SF 1.42 ac lot Built 1987
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 13990 Baltimore Ave in Laurel, MD, offers a variety of office spaces to suit diverse business needs. Situated within the Laurel Lakes Corporate Center, this building boasts a highly visible corner location at a signalized intersection on Route 1, ensuring maximum exposure and accessibility. The property features a total of 75 parking spaces, providing ample convenience for employees and clients. Built in 1987, the building sits on 1.422 acres of land and is zoned PDA-E. Currently, there is 7,000 square feet of vacant space available for lease. Flexible floor plans cater to various requirements; ground level options range from 400 to 5,000 square feet, ideal for office, medical, or retail uses. The ground floor space features excellent condition, a large open area, eight individual offices, and a reception area. Second-floor spaces range from 400 to 2,100 square feet, while a substantial 6,000 square foot space is available on the third floor. This property presents a unique opportunity to establish a presence in a thriving business community with excellent visibility and convenient access to Route 1's high traffic volume. The building's multiple tenancy structure allows for flexibility and adaptability to various business models. Inquire today to explore the possibilities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction BRICK
Total area 22,902 SF
Lot 1.42 ac (61,960 SF)
Zoning code LAUR
APN 10-1043603
UPID US40-1323274

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Preparation
  • Financial Advisor

Location

13990 Baltimore Ave Laurel, MD 20707
Laurel metro Census 800213 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.66M
Blend (final) Blend
$3.53M

Owner & transaction history

since 2022
Last sale
$3.0M
5 recorded transactions
2022
$3.0M
2022
Price N/A
2007
$3.9M
1999
Price N/A
1969
Price N/A

Zoning & alternative use

LAUR · Laurel, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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