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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Office buildings
9705 Washington N Blvd, Laurel, MD 20723-1315
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1311106
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,624 SF
Lot
1.5 ac (65,340 SF)
Zoning code
CECLI
APN
06-407277
UPID
US40-1311106
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
-
Sunflower bakery in rockville maryland Bakery Specialty Food Shop
-
Kids One Corporation High School Daycare Center
-
High road academy play ground Family Recreation Center
-
Spar Data Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.94M
Blend (final)
Blend
$3.00M
Owner & transaction history
Ganges Laurel LLC · 2 yrs held
Ganges Laurel LLC
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
CECLI · Laurel, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.7M
+25.1%
Retail stores
$3.8M
+1.3%
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
$3,000,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,720,000
Current use
AUTO REPAIR, GARAGE
$4,655,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$3,770,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (Feb 1 2024)
Last sale anchor
$3.00M
Feb 1 2024
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
$238 / 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
$34,512
Tax year 2022
Assessed value
$3,071,833
Assessed 2023
Previous assessed
$3,071,833
+0.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$327,500
Improvement market value
$2,758,000
Total market value
$3,085,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
12,624 SF
Lot
1.5 ac (65,340 SF)
Zoning code
CECLI
APN
06-407277
UPID
US40-1311106
Jurisdiction
HOWARD
Zoning & alternative use
CECLI · Laurel, MD
Zoning CECLI · permitted uses
CECLI · 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
OFFICE BUILDING Current
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RETAIL STORES
Est. value
$3.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Ganges Laurel LLC
Entity
Mailing address
21671 BRONTE PL, ASHBURN, VA 20147-4783
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
$3,000,000
Ganges Laurel LLC
Olive Enterprises LLC
Deed
—
Jun 1, 2018
$3,185,000
Olive Enterprises LLC
T Paul Gaske
Deed
$2,175,000 · Sandy Spring Bank
Jul 26, 2007
—
9705 Washington Boulevard LLC
—
Deed Of Trust
related
$1,760,000 · Manufacturers Traders & Trust
Feb 10, 2005
$1,950,000
9705 Washington Boulevard LLC
Gjhg Lc
Quit Claim Deed
related
$1,450,000 · Manufacturers Traders & Trust
Jan 31, 2001
$825,000
Gjhg LLC
Granja Marina Nastos LLC
Grant Deed
—
May 18, 1998
$295,000
Granja,marina Nastos LLC
Sunbelt,equipmen
Grant Deed
—
—
—
9705 Washington Boulevard LLC
—
Deed Of Trust
related
$500,000 · Manufacturers Traders & 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.
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