Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,730,000
Retail space
8305 Ice Crystal Dr Laurel, MD 20723-1002
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1213636
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,610 SF
Lot
2.47 ac (107,593 SF)
Zoning code
PORMX
APN
06-396291
UPID
US40-1213636
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.06M
Blend (final)
Blend
$6.73M
Owner & transaction history
Ice Crystal Rock LLC · 4 yrs held
Ice Crystal Rock LLC
since 2022
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
PORMX · Laurel, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.8M
+23.5%
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
$7,060,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$6.73M
Range $6.06M – $7.40M · ±10% · vs last sale $9.00M (Jun 3 2022)
Last sale anchor
$9.00M
Jun 3 2022
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
$431 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$62,682
Tax year 2022
Assessed value
$6,580,200
Assessed 2023
Previous assessed
$5,566,800
+18.2% YoY
Effective rate
0.95%
On assessed value
Land market value
$1,613,800
Improvement market value
$6,993,200
Total market value
$8,607,000
Applied tax rate
6.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
15,610 SF
Lot
2.47 ac (107,593 SF)
Zoning code
PORMX
APN
06-396291
UPID
US40-1213636
Jurisdiction
HOWARD
Zoning & alternative use
PORMX · Laurel, MD
Zoning PORMX · permitted uses
PORMX · 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
RETAIL STORES Current
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$5.8M
OFFICE BUILDING
Est. value
$4.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.47 ac
Current owner
From public records · entity-resolved
Ice Crystal Rock LLC
Entity
Mailing address
4201 QUANDERS PROMISE DR, BOWIE, MD 20720-4693
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$9,000,000
Ice Crystal Rock LLC
Cherry Tree Crossing LLC
Deed
$6,750,000 · Sandy Spring Bank
Apr 12, 2007
$434,990
Jack D Richardson
Cherrytree II LLC
Grant Deed
$260,000 · Universal American Mortgage Co
May 28, 2003
$1,200,000
Cherry Tree Xing LLC
Cherrytree Park LLC
Grant Deed
related
$3,000,000 · Farmers & Mechanics Bank
Jun 24, 2002
$1,194,460
Cherrytree II LLC
Cherrytree Park LLC
Grant Deed
related
—
Jun 24, 2002
$1,305,560
Cherrytree I LLC
Cherrytree Park LLC
Grant Deed
related
—
Jan 31, 2002
—
Cherrytree I LLC
Cherrytree Park LLC
Quit Claim Deed
related
—
Jan 31, 2002
$1,194,450
Cherrytree I LLC
Cherrytree Park LLC
Grant Deed
related
—
Nov 13, 1997
$2,500,000
Cherrytree Park LLC
Cherrytree Corp
Grant Deed
related
$1,875,000 · Seller
—
—
Cherry Tree Crossing LLC
—
Deed Of Trust
related
$4,800,000 · Sandy Spring Bank
—
—
Cherrytree Park LLC
—
Deed Of Trust
related
$2,300,000 · Key Bank & Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8305 Ice Crystal Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
