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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
373 Main St, Laurel, MD 20707-7121
Individually Owned
Free & Clear
Property ID
US40-0682957
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
BRICK
Total area
1,659 SF
Lot
0.21 ac (9,000 SF)
Zoning code
LAUR
APN
10-1003896
UPID
US40-0682957
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
Current use
Occupant on record · Public records
-
Farmers Insurance - Esteban Rodriguez Insurance Agency
-
Joyous Juice Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Nara's beauty bar LLC Hair Salon
-
Ciao Bella Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$695k
Owner & transaction history
Vanesa Rodriguez
Vanesa Rodriguez
since 2025
Last sale
$800,000
2 recorded transactions
Zoning & alternative use
LAUR · Laurel, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$690,000
+46.7%
Auto repair, garage
$690,000
+45.8%
Medical building
$505,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$470,000
Current use
RETAIL STORES
$690,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$690,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$505,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$465,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $800k (Dec 20 2023)
Last sale anchor
$800k
Dec 20 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
$419 / 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
$9,989
Tax year 2023
Assessed value
$605,767
Assessed 2023
Previous assessed
$605,767
+0.0% YoY
Effective rate
1.65%
On assessed value
Land market value
$283,000
Improvement market value
$368,700
Total market value
$651,700
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1915
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
1,659 SF
Lot
0.21 ac (9,000 SF)
Zoning code
LAUR
APN
10-1003896
UPID
US40-0682957
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
LAUR · Laurel, MD
Zoning LAUR · permitted uses
LAUR · Laurel, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Laurel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$470,000
RETAIL STORES
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$690,000
MEDICAL BUILDING
Est. value
$505,000
WAREHOUSE, STORAGE
Est. value
$465,000
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
1915
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Vanesa Rodriguez
Individual
Free & Clear · 0 yrs held
Mailing address
12077 TECH RD, SILVER SPRING, MD 20904-1982
Ownership since
2025
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
Aug 7, 2025
—
Vanesa Rodriguez
Javier Ramos
Deed
related
—
Dec 20, 2023
$800,000
Javier Ramos
Melina Gatto
Deed
$700,000 · Melina Gatto
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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