13990 Baltimore AveLaurel, MD 20707

Property Details for 13990 Baltimore Ave

Year built

1987

Construction

BRICK

Lot size

1.42 AC

Property size (Sq ft)

22,902 SF

Zone code

LAUR

Property type

Office properties

Property subtype

Office buildings

APN

10-1043603

APU

101043603

Description

This exceptional commercial property, located at 13990 Baltimore Ave in Laurel, MD, offers a variety of office spaces to suit diverse business needs. Situated within the Laurel Lakes Corporate Center, this building boasts a highly visible corner location at a signalized intersection on Route 1, ensuring maximum exposure and accessibility. The property features a total of 75 parking spaces, providing ample convenience for employees and clients. Built in 1987, the building sits on 1.422 acres of land and is zoned PDA-E. Currently, there is 7,000 square feet of vacant space available for lease. Flexible floor plans cater to various requirements; ground level options range from 400 to 5,000 square feet, ideal for office, medical, or retail uses. The ground floor space features excellent condition, a large open area, eight individual offices, and a reception area. Second-floor spaces range from 400 to 2,100 square feet, while a substantial 6,000 square foot space is available on the third floor. This property presents a unique opportunity to establish a presence in a thriving business community with excellent visibility and convenient access to Route 1's high traffic volume. The building's multiple tenancy structure allows for flexibility and adaptability to various business models. Inquire today to explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,040,342

  6.5%

  $3,729,547

  7%

  $3,463,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,290,360

  Geo Method

  $1,440,765

• Alternative Use

  Use

  Valuation

  Residential

  $4,624,638

  Hospitality

  $4,236,144

  Educational

  $3,524,422

  Medical

  $3,645,632

  Retail

  $5,482,434

Location Insight

City

Laurel

County

Prince George's

State

Maryland

Latitude

39.0823

Longitude

-76.8647

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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