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    363 Main St Laurel, MD 20707
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    363 Main St Laurel, MD 20707

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    • Office buildings
    • 888 SF
    • 0.09 lot acres
    For Sale
    $1,200,000
    View Listing →
    Turnkey Restaurant with Apartment Above For Sale
    $1,200,000
    4,408 SF

    Turnkey Restaurant with Apartment Above

    Restaurant with apartment above on Main Street, Laurel, MD.

    363 Main St, Laurel, MD
    View Listing
    Property ID
    US40-0879903
    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

    • Pho Viet 75 / Restaurant

    Property Details for 363 Main St

    Year built
    1915
    Construction
    BRICK
    Lot size
    0.09 lot acres
    Property size
    888 SF
    Zone code
    LAUR
    Property type
    Office buildings
    APN
    10-1115294
    APU
    101115294

    Description

    This exceptional mixed-use property at 363 Main Street in Laurel, MD, presents a unique investment opportunity. Boasting 4,656 square feet on a 0.09-acre lot, this three-story building offers high visibility from its Main Street location, enhanced by awning signage. Ample parking is available both on-site and directly in front of the building, ensuring convenient access for customers and tenants. The main level features a retail space with large storefront windows, two bathrooms, and a convenient stairway leading to the lower level. This lower level offers additional space ideal for storage or expansion of the retail area. The second floor provides a separate street entrance, perfect for use as a residential apartment or office space, encompassing three bedrooms and two full bathrooms. Significant upgrades were completed just four years ago, including new water and gas lines, a furnace, air conditioning system, and flooring, representing a substantial value-add for the new owner. This meticulously maintained property is ready for immediate occupancy and presents a compelling opportunity for a savvy investor seeking a high-return, mixed-use asset in a thriving location. The asking price is $1,200,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.8464
    Latitude
    39.1056
    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
    $11,156
    $0.00
    $0.00
    $676,533
    -
    $332,700
    $450,100
    $782,800

    Comparable in this City

    • Value Estimation
      $1,855,000
      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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      Mixed-Use Building in Downtown Laurel

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    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      120,904 SF Class A office building for rent.
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      Medical Suite on Baltimore Avenue

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    • $6,500 /Mo

      Renovated Office Space in Laurel

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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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    363 Main St, Laurel, MD, 20707
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