Inc Elevation
3504 Hammerstone Rd, Laurel, MD 20724
Laurel, Maryland, United States
Address
City: Laurel
Neighborhood: Pines of Laurel
State: Maryland
Postal Code: 20724
Country: United States
Business facts
Estimated annual revenue~$238.3K
Estimated employees~2
In business since2021 (est.)
Estimate based on strong signals
Area statistics (20724)
Population18,345
Median household income$105,757
Source: US Census ACS
About
INC Elevation is a national general contractor and facilities management company specializing in residential, restaurant, retail, and commercial projects. With expertise in tenant finish out, remodeling, and ground-up construction, the experienced team is dedicated to quality and meeting client needs.
Market analysis
Earning below its category median in a growing category (General contractors).
EstimateCategory trend: 2024, +6.7%
Revenue trend (modeled)
~$226.7K2019
~$216.5K2020
~$223.9K2021
~$220.7K2022
~$220.7K2023
~$238.3K2024
Modeled from official industry statistics+1.0%/yr since 201980% confidence band: ±42%
Property
Lot size1,960 sq ft
CountyAnne_arundel
Assessed value$235.0
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| General contractors in Maryland | 3,022 | ~$12.8B | ~$4.2M | ~$970.3K | 5.0★ | 0.2× |
Category revenue trend2024: +6.7%2023: +8.0%2022: +10.7%2021: +7.1%Modeled from business-level estimates
Chain pressure44 chains expanding in this category, led by Ryan Homes, Greenwood village, Clark’s Rest (+237 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 201 | ~$248.7M | ~$1.2M | ~$517.7K | 1,203 | ~$75.5M | 0.5× |
| Construction | 4 | ~$7.2M | ~$1.8M | — | 20 | — | — |
1 km area (all businesses): median from the 175 of 201 businesses with estimates
Estimate
Area conditions (20724)
Population18,345 ±1,551
Median household income$105,757 ±$13,022
Median home value$369,800
Bachelor's degree or higher0.5%
Unemployment rate0.1%
Source: US Census ACS