Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8305 Ice Crystal Dr Laurel, MD 20723-1002
    Back to Search
    Property profile & analytics

    8305 Ice Crystal Dr Laurel, MD 20723-1002

    View on Map
    • Retail space
    • 15,610 SF
    • 2.47 lot acres
    Off-Market
    Last Sale Jun 3, 2022
    $9,000,000
    Property ID
    US40-1213636
    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
    $6,730,000
    Show details
    Cap Rate Potential
    3.1%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Hunan China / Restaurant
    • Baskin-Robbins / Grocery & Convenience Store / Specialty Food Shop
    • Cheap Car Key Scaggsville / Locksmith
    • Reliable airport taxi cab / Courier Service
    • Open My Door Scaggsville MD / Corporate Office

    Property Details for 8305 Ice Crystal Dr

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.47 lot acres
    Property size
    15,610 SF
    Zone code
    PORMX
    Property type
    Retail space
    APN
    06-396291
    APU
    6396291

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,059,000
      Market price range: $2.05M - $7.06M
      AI Estimate
      $4,849,000
      Market price range: $354k - $4.85M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,660,000
      Current use
      AUTO REPAIR, GARAGE
      $5,755,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $4,600,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Howard
    State
    Maryland
    Longitude
    -76.8981
    Latitude
    39.1438
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD 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
    2022
    $62,682
    $0.00
    $0.00
    $6,580,200
    -
    $1,613,800
    $6,993,200
    $8,607,000

    Comparable in this City

    • Value Estimation
      $2,540,000
      11,857 SF

      10119 Washington N Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,857 SF
      10119 Washington N Blvd, Laurel, MD 20723-1903
      View Details
    • Value Estimation
      $2,880,000
      12,104 SF

      8851 Gorman Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,104 SF
      8851 Gorman Rd, Laurel, MD 20723-5855
      View Details
    • Value Estimation by Request
      16,465 SF

      10095 Washington N Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,465 SF
      10095 Washington N Blvd, Laurel, MD 20723-1941
      View Details
    • Value Estimation
      $3,880,000
      17,269 SF

      9902 Washington N Blvd, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 17,269 SF
      9902 Washington N Blvd, Laurel, MD 20723-1932
      View Details
    • Value Estimation by Request
      2,475 SF

      10070 Washington N Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,475 SF
      10070 Washington N Blvd, Laurel, MD 20723-1902
      View Details
    • Value Estimation
      $4,265,000
      16,800 SF

      9855 Washington N Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,800 SF
      9855 Washington N Blvd, Laurel, MD 20723-1942
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,610 SF

      Retail Building on 1.29 Acres

      3,610 SF retail building on 1.29 acre parcel.
      9155 Maier Rd, Laurel, MD 20723
      View Details
    • Contact for pricing

      Industrial Land on Washington Boulevard

      6.19 acres of industrial-zoned land with high visibility.
      9205 Washington Blvd N, Laurel, MD 20723
      View Details
    • $450,000

      Land For Sale

      Land available for purchase in Laurel, Maryland.
      9046 Gorman Rd, Laurel, MD 20723
      View Details
    • $400,000
      0.25 Acres

      Residential Land Near Savage Mill

      Land near Savage Mill Trail, Little Patuxent River, and Historic Savage Mill.
      9046 Gorman Rd, Laurel, MD 20723
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Baltimore Avenue

      Retail space with high visibility and convenient highway access.
      14601 Baltimore Ave, Laurel, MD 20723
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Laurel, Maryland.
      10095 Washington Blvd, Laurel, MD 20723
      View Details
    • Contact for pricing
      3,361 SF

      Freestanding Retail Building with Drive-Thru

      Turn-key building with drive-up teller lanes and ATMs.
      8155 Maple Lawn Blvd, Fulton, MD 20723
      View Details
    • Contact for pricing

      Retail Space in Laurel Square

      Retail and service-oriented spaces available in Laurel Square.
      10119 Washington Blvd N, Laurel, MD 20723
      View Details
    • Contact for pricing

      Industrial Units Near Major Routes

      4,000-8,000 SF units with easy highway access available for rent.
      9025 Maier Rd, Laurel, MD 20723
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8305 Ice Crystal Dr
    Laurel, MD 20723-1002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8305 Ice Crystal Dr, Laurel, MD, 20723
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!