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Property profile & analytics
OFF-MARKET
Estimated value
$11,250,000
Assisted living facilities
7700 Cherry Ln, Laurel, MD 20707-3603
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1675949
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1996
Construction
BRICK
Total area
66,073 SF
Lot
4.39 ac (191,228 SF)
Zoning code
LAUR
APN
10-2870038
UPID
US40-1675949
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
-
Rehab Management Inc Nursing Home Retirement Community
-
Morningside House of Laurel Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.25M
Owner & transaction history
Morningside Holdings Of Laurel LLC · 5 yrs held
Morningside Holdings Of Laurel LLC
since 2021
Last sale
$11.3M
4 recorded transactions
Zoning & alternative use
LAUR · Laurel, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$13,855,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$17,560,000
Change: 0% · Conversion: Difficult
RESTAURANT
$17,450,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$15,645,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$12,100,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$11,420,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$11.25M
Range $10.13M – $12.38M · ±10% · vs last sale $11.25M (Jul 2 2021)
Last sale anchor
$11.25M
Jul 2 2021
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
$170 / 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
$167,054
Tax year 2023
Assessed value
$10,130,600
Assessed 2023
Previous assessed
$9,370,600
+8.1% YoY
Effective rate
1.65%
On assessed value
Land market value
$1,434,200
Improvement market value
$10,216,400
Total market value
$11,650,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1996
Construction
BRICK
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
3
Units
120
Total area
66,073 SF
Lot
4.39 ac (191,228 SF)
Zoning code
LAUR
APN
10-2870038
UPID
US40-1675949
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
AUTO REPAIR, GARAGE
Est. value
$17.6M
RESTAURANT
Est. value
$17.5M
OFFICE BUILDING
Est. value
$15.6M
MEDICAL BUILDING
Est. value
$12.1M
RETAIL STORES
Est. value
$11.4M
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1996
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
120
Lot
4.39 ac
Current owner
From public records · entity-resolved
Morningside Holdings Of Laurel LLC
Entity
Mailing address
128 OLD TOWN RD, SETAUKET, NY 11733-2064
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
$11,250,000
Morningside Holdings Of Laurel LLC
S H Mid Atlantic Propco Laurel LLC
Special Warranty Deed
$5,898,700 · Colliers Mortgage LLC
Oct 17, 2016
$18,330,921
S-h Mid-atlantic Propco-laurel
Morningside Holdings Of Laurel Ll
Grant Deed
—
Feb 22, 2002
$7,000,350
Hcri Laurel LLC
Health Care Property Investors
Grant Deed
—
—
—
Morningside Holdings Of Laurel LLC
—
Deed Of Trust
related
$66,000 · Merrill Lynch Capital
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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