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Property profile & analytics
OFF-MARKET
Estimated value
$7,860,000
Auto shops
8801 Freestate Dr Laurel, MD 20723-5817
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US40-0089018
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,861 SF
Lot
6.68 ac (290,981 SF)
Zoning code
B2 M1
APN
06-563120
UPID
US40-0089018
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
-
CarMax Auctions Car Dealership
-
Laurel Toyota Car Dealership
-
Sheehy Toyota of Laurel Car Dealership
-
Sheehy Toyota of Laurel Service & Parts Department Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.13M
Blend (final)
Blend
$7.86M
Owner & transaction history
Clide Laurel LLC · 19 yrs held
Clide Laurel LLC
since 2007
6 recorded transactions
Zoning & alternative use
B2 M1 · 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
by Request
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
$9,900,000
Current use
RETAIL STORES
$8,020,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$7.86M
Range $7.07M – $8.65M · ±10%
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
$293 / 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
$75,453
Tax year 2022
Assessed value
$6,718,267
Assessed 2023
Previous assessed
$6,701,000
+0.3% YoY
Effective rate
1.12%
On assessed value
Land market value
$2,350,200
Improvement market value
$4,402,600
Total market value
$6,752,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
26,861 SF
Lot
6.68 ac (290,981 SF)
Zoning code
B2 M1
APN
06-563120
UPID
US40-0089018
Jurisdiction
HOWARD
Zoning & alternative use
B2 M1 · Laurel, MDZoning B2 M1 · permitted uses
B2 M1 · Laurel, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$9.9M
RETAIL STORES
Est. value
$8.0M
AUTO REPAIR, GARAGE Current
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
6.68 ac
Current owner
From public records · entity-resolved
Clide Laurel LLC
Entity
Mailing address
12800 TUCKAHOE CRK PKWY, RICHMOND, VA 23238-1115
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2017
—
Clide Laurel LLC
—
Deed
related
$9,260,000 · Branch Bk&tr
Dec 14, 2016
—
Clide Laurel LLC
—
Deed
related
$9,220,087 · Mohammad J Virani
Jan 5, 2007
$14,800,000
Clide Laurel LLC
Maryland Laurel Cmx Owner LLC
Grant Deed
—
Aug 24, 2001
$8,308,200
Car Cmx LP
Carmax Auto Superstores INC
Grant Deed
$82,600,000 · Toyota Motors Credit Corp
—
—
Clide Laurel LLC
—
Deed Of Trust
related
$9,260,000 · Branch Bk&tr
—
—
Clide Laurel LLC
—
Deed Of Trust
related
$9,220,087 · Mohammad J Virani
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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