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    14400 Cherry Lane Ct Laurel, MD 20707
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    Property profile & analytics

    14400 Cherry Lane Ct Laurel, MD 20707

    View on Map
    • Warehouses
    • 33,074 SF
    • 2.04 lot acres
    For Sale
    $1,200,000
    View Listing →
    Land For Sale For Sale
    $1,200,000

    Land For Sale

    Land available for sale.

    14400 Cherry Lane Ct, Laurel, MD 20707
    View Listing
    Property ID
    US40-1716940
    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

    • Roshni Foods / Department Store

    Property Details for 14400 Cherry Lane Ct

    Year built
    2022
    Lot size
    2.04 lot acres
    Property size
    33,074 SF
    Zone code
    IE
    Property type
    Warehouses
    APN
    10-1063106
    APU
    101063106

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $9,235,000
      Current use
      RETAIL STORES
      $13,795,000
      Change: +49% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $13,710,000
      Change: +48% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8564
    Latitude
    39.0883
    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
    $55,289
    $0.00
    $0.00
    $4,972,033
    -
    $890,200
    $4,510,100
    $5,400,300

    Comparable in this City

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      362,438 SF

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      WAREHOUSE, STORAGE • 362,438 SF
      14841 Sweitzer Ln, Laurel, MD 20707-2914
      View Details
    • Value Estimation
      $23,210,000
      114,865 SF

      13401 Konterra Dr

      WAREHOUSE, STORAGE • 114,865 SF
      13401 Konterra Dr, Laurel, MD 20707-6504
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    • Value Estimation
      $1,195,000
      3,960 SF

      162 Lafayette Ave

      WAREHOUSE, STORAGE • 3,960 SF
      162 Lafayette Ave, Laurel, MD 20707-4512
      View Details
    • Value Estimation
      $1,265,000
      5,200 SF

      342 Main St

      WAREHOUSE, STORAGE • 5,200 SF
      342 Main St, Laurel, MD 20707-7100
      View Details
    • Value Estimation
      $1,330,000
      5,720 SF

      19 Main St

      WAREHOUSE, STORAGE • 5,720 SF
      19 Main St, Laurel, MD 20707-4303
      View Details
    • Value Estimation
      $6,225,000
      23,960 SF

      7911 Braygreen Rd

      WAREHOUSE, STORAGE • 23,960 SF
      7911 Braygreen Rd, Laurel, MD 20707-5002
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Laurel Office Space: Prime Location

      Affordable Office Suites in Laurel, MD
      14440 Cherry Ln Ct Unit, Laurel, MD 20707
      View Details
    • Contact for pricing
      0.06 Acres

      Laurel Office Condo - Prime Location

      Spacious Office Condo near major routes.
      13681 Baltimore Ave, Laurel, MD 20707
      View Details
    • $3,700,000
      16,880 SF

      Renovated Class A Office Space

      Fully renovated office space ideal for medical or professional use.
      14750 Sweitzer Ln, Laurel, MD 20707
      View Details

    Similar Nearby for Lease

    • $6,500 /Mo

      Renovated Office Space For Rent

      Prime location office space with modern amenities and strategic positioning.
      14203 Park Center Dr, 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
    • Contact for pricing
      6,000 SF

      Data Center Ready Office Space

      6,000 SF office space with data center infrastructure.
      312 Laurel Ave, Laurel, MD 20707
      View Details
    • Contact for pricing

      Commercial Land with Route 1 Visibility

      Commercial land for rent with high traffic and ample parking.
      7810 Academy Ln, Laurel, MD 20707
      View Details
    • Contact for pricing
      1,558 SF

      Medical Office Space Available

      Medical office space for rent featuring multiple exam rooms.
      7140 Contee Rd, Laurel, MD 20707
      View Details
    • $19 SF/Yr

      Laurel Office Space Available

      35,000 SF office space for lease in Laurel.
      14900 Sweitzer Ln, Laurel, MD 20707
      View Details
    View Listing
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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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