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    312 Marshall Ave Unit Laurel, MD 20707
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    Property profile & analytics

    312 Marshall Ave Unit Laurel, MD 20707

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    • Office buildings
    • 129,342 SF
    • 2.70 lot acres
    For Sale
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    Laurel Retail Space - 2.7 Acres For Sale
    Contact for pricing

    Laurel Retail Space - 2.7 Acres

    Spacious Studio Retail Space, Ample Parking

    312 Marshall Ave Unit, Laurel, MD 20707
    View Listing
    Property ID
    US40-1434141
    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

    • Aspire Services-training & consultation assisted living / High School
    • Law Office of Biola Bakare, LLC / Law Firm
    • McCabe Weisberg Conway / Law Firm
    • Maryland Workforce Exchange / Employment Agency
    • Maryland State Government / State Government Office

    Property Details for 312 Marshall Ave Unit

    Year built
    1979
    Construction
    BRICK
    Lot size
    2.70 lot acres
    Property size
    129,342 SF
    Zone code
    LAUR
    Property type
    Office buildings
    APN
    10-0998922
    APU
    100998922

    Description

    This exceptional office space, located at 312 Marshall Ave in Laurel, Maryland, 20707, offers a flexible and professional environment ideal for businesses of all sizes. The property, classified as a Class B building in Prince George's County, is part of the Howard Corporate Centre, LLC and features a total of 3,500 square feet currently available for lease. The space is perfect for businesses seeking either individual private offices or a larger contiguous area to accommodate expanding teams. The flexible tenancy allows for customization to meet specific business needs. Whether your company requires unfurnished space to design to your specifications or a fully furnished, plug-and-play solution, this location provides options to streamline your move-in process. The property is well-suited for corporate teams seeking a ready-to-use, professional setting. This executive office space offers a convenient and productive work environment in a prime location. The building is categorized as both Executive Office and Coworking space, providing a diverse range of options for potential tenants. This presents an excellent opportunity for businesses seeking a high-quality, adaptable workspace in a thriving Maryland community. Contact us to discuss your specific requirements and explore the possibilities of this exceptional office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,795,000
      Market price range: $21.8M - $52.4M
      AI Estimate
      $23,938,000
      Market price range: $23.9M - $37.7M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $36,785,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8525
    Latitude
    39.0975
    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
    $150,526
    $0.00
    $0.00
    $9,128,333
    -
    $3,236,500
    $7,148,500
    $10,385,000

    Comparable in this City

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      5,334 SF

      307 1st St

      OFFICE BUILDING • 5,334 SF
      307 1st St, Laurel, MD 20707-4605
      View Details
    • Value Estimation
      $2,580,000
      13,396 SF

      312 Laurel Ave

      OFFICE BUILDING • 13,396 SF
      312 Laurel Ave, Laurel, MD 20707-4320
      View Details
    • Value Estimation by Request
      320,000 SF

      14501 Sweitzer Ln

      OFFICE BUILDING • 320,000 SF
      14501 Sweitzer Ln, Laurel, MD 20707-5901
      View Details
    • Value Estimation by Request
      660 SF

      305 Gorman Ave

      OFFICE BUILDING • 660 SF
      305 Gorman Ave, Laurel, MD 20707
      View Details
    • Value Estimation
      $1,280,000
      5,088 SF

      217 Main St

      OFFICE BUILDING • 5,088 SF
      217 Main St, Laurel, MD 20707-4307
      View Details
    • Value Estimation
      $1,525,000
      4,464 SF

      900 Montgomery St

      OFFICE BUILDING • 4,464 SF
      900 Montgomery St, Laurel, MD 20707-3412
      View Details

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      Professional/Medical/Retail Office Space For Sale

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      Prime Laurel Office Space for Sale

      2,068 sq ft Office, Great Location!
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    Similar Nearby for Lease

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      Class A Office Building

      120,904 SF Class A office building for rent.
      14400 Sweitzer Ln, Laurel, MD 20707
      View Details
    • $6,500 /Mo

      Renovated Office Space For Rent

      Prime location office space with modern amenities and strategic positioning.
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    • Contact for pricing

      Mixed-Use Shopping Center in Laurel, MD

      392,500 SF mixed-use center with retail, dining, and entertainment.
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      6,000 SF

      Data Center Ready Office Space

      6,000 SF office space with data center infrastructure.
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    • Contact for pricing
      1,558 SF

      Medical Office Space Available

      Medical office space for rent featuring multiple exam rooms.
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      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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