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Property profile & analytics
OFF-MARKET Estimated value $1,145,000
Retail space

15001 Baltimore Ave Laurel, MD 20707-4627

2,173 SF 0.56 ac lot Built 1964
Entity Owned Free & Clear
Property ID
US40-0932168
Property summary
AI-generated overview

This prime 0.56-acre commercial lot, located at 15001 Baltimore Avenue in Laurel, Maryland, presents a unique development opportunity. Situated on a major retail corridor with exceptional visibility, this property boasts three convenient access points: direct entry and exit from Baltimore Avenue (SHA approved), and an additional entry/exit point on Marshall Avenue. The site previously housed a 2,200 square foot retail building, demolished in 2019, and benefits from existing utilities. High traffic counts are a significant advantage, with 87,249 vehicles per day (VPD) at Laurel Mall and 43,943 VPD on Marshall Avenue. The property is zoned CM-High Density, allowing for a variety of commercial uses. Prior approvals existed for a 5,000 square foot building. The 4,993 square foot lot offers ample space for a new retail development or retail pad, providing ample parking for customers and employees. Its location near established businesses and residential areas ensures high visibility and strong potential for success. This is an exceptional opportunity to capitalize on a high-traffic location in a thriving community. The lot size is 24,450 square feet.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Construction BRICK
Total area 2,173 SF
Lot 0.56 ac (24,450 SF)
Zoning code LAUR
APN 10-1003987
UPID US40-0932168
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.15M
Owner & transaction history
NIRMALA CORP
NIRMALA CORP
Zoning & alternative use
LAUR · Laurel, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.7M +86.7%
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