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Property profile & analytics
FOR LEASE
Retail space

45315 Alton Ln California, MD 20619

35,050 SF 25.36 ac lot Built 1990
Individually Owned 23-yr Hold ~ Est. High Equity
Property ID
US40-1399458
Property summary
AI-generated overview

Laurel Glen Shopping Center, located at 45315 Alton Lane, California, MD 20619, presents a significant retail investment opportunity in St. Mary's County. This established shopping center encompasses a total of 153,229 square feet, offering nine individual suites for lease. The property boasts a flexible layout, accommodating tenants requiring spaces ranging from a minimum of 1,400 square feet to a maximum contiguous space of 48,000 square feet. Currently, there is substantial vacancy totaling 83,606 square feet, presenting a unique chance for expansion or new business ventures. The center's strategic location in California, Maryland provides excellent access to a thriving community. The property's classification as a multi-tenant shopping center ensures a diverse tenant mix and potential for synergistic business relationships. This presents a compelling opportunity for businesses seeking high-visibility locations within a well-established commercial area. The substantial vacant space allows for customization and adaptation to suit a variety of retail needs, making it an ideal location for both established businesses and emerging enterprises. With its prime location and significant square footage, Laurel Glen Shopping Center offers a rare chance to establish a strong presence in a growing market. Interested parties are encouraged to explore this exceptional retail opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 35,050 SF
Lot 25.36 ac (1,104,899 SF)
Zoning code CC
APN 08-006016
UPID US40-1399458
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
  • Allure Hair Design Hair Salon
  • World #1 Nails Spa Nail Salon
  • Third Eye Comics (Bike/Boat/Book/etc) Store Newspaper & Magazine
  • Harbor Freight Tools Building Supply Hardware & Home Improvement
  • PetSmart Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.59M
Owner & transaction history
State Highway Admin Of The Dep · 23 yrs held
State Highway Admin Of The Dep
since 2002
2 recorded transactions
2008
Price N/A
2002
$19,900
Zoning & alternative use
CC · California, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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