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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office Spaces
14205 Park Ctr Dr Ste 202 Laurel, MD 20707-5252
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0772130
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Total area
1,488 SF
Lot
0.11 ac (4,792 SF)
Zoning code
LAUR
APN
10-3746906
UPID
US40-0772130
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$495k
Blend (final)
Blend
$545k
Owner & transaction history
Or Associates LLC · 3 yrs held
Or Associates LLC
since 2023
Last sale
$650,000
2 recorded transactions
Zoning & alternative use
LAUR · Laurel, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$620,000
+46.7%
Auto repair, garage
$615,000
+45.8%
Medical building
$450,000
+6.7%
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
$700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$345,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$425,000
Current use
RETAIL STORES
$620,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$615,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$450,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$415,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $650k (Mar 17 2023)
Last sale anchor
$650k
Mar 17 2023
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
$366 / 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
$4,538
Tax year 2023
Assessed value
$275,200
Assessed 2023
Previous assessed
$263,300
+4.5% YoY
Effective rate
1.65%
On assessed value
Land market value
$104,600
Improvement market value
$194,400
Total market value
$299,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2006
Heating
NONE
Units
1
Total area
1,488 SF
Lot
0.11 ac (4,792 SF)
Zoning code
LAUR
APN
10-3746906
UPID
US40-0772130
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
OFFICE BUILDING Current
Est. value
$425,000
RETAIL STORES
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$615,000
MEDICAL BUILDING
Est. value
$450,000
WAREHOUSE, STORAGE
Est. value
$415,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2006
Heating
NONE
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Or Associates LLC
Entity
Mailing address
774 GIRARD ST NW UNIT 7W, WASHINGTON, DC 20001-4275
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2023
$650,000
Or Associates LLC
Elvira Pasmanik
Deed
$487,500 · Provident Bank
—
—
Elcon LLC
—
Deed Of Trust
related
$470,000 · M&t Bk
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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