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    45315 Alton Ln California, MD 20619

    Retail space Google Maps
    35,050 SF 25.36 ac lot Built 1990
    Individually Owned 23-yr Hold ~ Est. High Equity
    45315 Alton Ln, California, MD 20619 For Lease 1 / 42
    Contact for pricing
    45315 Alton Ln, California, MD 20619
    View Listing →
    Estimated value (blended)
    $3.59M
    Range $3.23M – $3.95M (±10%)
    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

    Current use

    Occupant on record · Public records
    • Hair Salon
    • Nail Salon
    • (Bike/Boat/Book/etc) Store Newspaper & Magazine
    • Building Supply Hardware & Home Improvement
    • Pet Grooming Service
    5 occupants on record

    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

    since 2002
    2 recorded transactions
    2008
    Price N/A
    2002
    $19,900

    Zoning & alternative use

    CC · California, MD

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $2,380,000
      10,112 SF
      22565 3rd Notch Rd
      RETAIL STORES (PERSONAL SERVICES)
      22565 3rd Notch Rd, California, MD 20619-3054
      View Details
    • Value Estimation
      $380,000
      5,570 SF
      22571 3rd Notch Rd
      RETAIL STORES (PERSONAL SERVICES)
      22571 3rd Notch Rd, California, MD 20619-3054
      View Details
    • Value Estimation
      $210,000
      1,232 SF
      23306 3rd Notch Rd
      RETAIL STORES (PERSONAL SERVICES)
      23306 3rd Notch Rd, California, MD 20619-6035
      View Details
    • Value Estimation
      $295,000
      2,975 SF
      45330 Alton Ln
      RETAIL STORES (PERSONAL SERVICES)
      45330 Alton Ln, California, MD 20619-3146
      View Details
    • Value Estimation
      $370,000
      4,544 SF
      22630 3rd Notch Rd
      RETAIL STORES (PERSONAL SERVICES)
      22630 3rd Notch Rd, California, MD 20619
      View Details
    • Value Estimation
      $155,000
      1,437 SF
      23900 Patuxent Bch Rd
      RETAIL STORES (PERSONAL SERVICES)
      23900 Patuxent Bch Rd, California, MD 20619-3493
      View Details

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    • New
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    • $1,070,000
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    • New
      $122,000
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    • New
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    Similar Nearby for Lease

    • New
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      24,396 sqft
      Retail Space in Regional Center
      Retail spaces available in a regional shopping center.
      23415 Three Notch Rd, California, MD 20619
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    • New
      Contact for pricing
      1,500 sqft
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      Suites available in a 300,000 SF regional retail center with 1,700+ parking spaces.
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    • New
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      2,284 sqft
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      Multiple retail suites are available within a large regional center with extensive parking.
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    • New
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      1,600 sqft
      Former Grocery Box Retail Space
      Former grocery box space is available in a Route 235 shopping center averaging 46,812 cars daily.
      45315 Alton Ln, California, MD 20619
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    • New
      Contact for pricing
      7,359 sqft
      Former Grocery Box Retail Space
      Former grocery box space available within a shopping center anchored by PetSmart and Hobby Lobby.
      45315 Alton Ln, California, MD 20619
      View Details
    • New
      Contact for pricing
      Retail/Office Space Near PAX River
      Retail or office space with high visibility on Rt 235.
      45370 Alton Ln, California, MD 20619
      View Details
    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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