Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7060 Poorhouse Rd La Plata, MD 20646

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $225,000

    17.5-acre property with wooded surroundings, well, and road frontage.

    Lot size:
    17.52 Acres

    Property Features for 7060 Poorhouse Rd

    General Information

    Standard status
    Active
    Lot size
    17.52 Acres

    We can help!

    Listing Contact
    Sandra L Denny
    Source: Corcoran

    Listing Agency: CENTURY 21 NEW MILLENNIUM Listing Agent: Sandra L Denny

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Expansive Wooded Acreage with Potential

    This 17.5-acre property offers a blend of nature and potential, featuring mostly wooded surroundings. The land, predominantly hardwood trees, provides a backdrop for a tranquil lifestyle. The property is located approximately 5 minutes from a boat ramp to the Potomac River and about 7-8 minutes from Route 210. The level terrain allows for versatile possibilities, including a horse-friendly setup or agricultural venture. It features over 950 feet of road frontage along Poorhouse Rd and MD Rt 425. A well is already on the property. There is an approved perc site for a sandmound septic system. An old, uninhabitable house is present on the property and would need to be torn down. The location allows for an easy commute to Washington DC, National Harbor, Northern VA and Joint Base Andrews/Boling.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Department Store Grocery & Convenience Store Electronics & Wireless Store Grocery & Convenience Store Car Rental Facility Daycare Center Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Plata
    County
    Charles
    State
    Maryland
    Longitude
    -77.1322093
    Latitude
    38.5426118

    Nearby Similar for Sale

    • $865,000

      La Plata Commercial Condo Portfolio

      Two commercial condominium units in La Plata, Maryland for sale.
      200 Howard St, La Plata, MD 20646
      View Details
    • Contact for pricing
      10,874 SF

      La Plata Apartment with Hardwood

      One bedroom, one bath apartment with hardwood floors available now.
      303 Charles St, La Plata, MD 20646
      View Details
    • $699,000
      3,087 SF

      La Plata Office Condo For Sale

      3,087 SF office condo in La Plata, Maryland.
      105 Centennial St, La Plata, MD 20646
      View Details
    • $429,900

      La Plata Specialty Property

      Specialty property available for sale in La Plata.
      214 Washington Ave, La Plata, MD 20646
      View Details
    • $629,000

      La Plata Specialty Property

      Specialty property available for sale in La Plata, Maryland.
      109 Shallow Brk Way, La Plata, MD 20646
      View Details
    • Contact for pricing

      Divisible QSR with Drive Thru

      Divisible 3,600 SF QSR with Drive Thru proposed.
      6355 Crain Hwy, La Plata, MD 20646
      View Details
    • $650,000

      Highland Farm Court Land Opportunity

      Land available on Highland Farm Court, La Plata, Maryland.
      11505 Highland Farm Ct, La Plata, MD 20646
      View Details
    • $439,900

      Specialty Property for Sale

      Specialty property available for purchase.
      7426 Robin Rd, La Plata, MD 20646
      View Details
    • $679,900

      Specialty Property For Sale

      Specialty property available for sale.
      1001 Agricopia Dr, La Plata, MD 20646
      View Details
    • $625,000

      La Plata Specialty Property

      Specialty property for sale in La Plata, Maryland.
      101 Middlesex Ct, La Plata, MD 20646
      View Details
    • $439,900

      Specialty Property for Sale

      Specialty property available for purchase.
      549 Fawn Mdw Ln, La Plata, MD 20646
      View Details
    • $474,900

      SAINT MARYS Ave, La Plata, MD

      Specialty property for sale in La Plata, Maryland.
      7295 Saint Marys Ave, La Plata, MD 20646
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 17.5-acre property with wooded surroundings, well, and road frontage.
    Where is this agricultural land / farmland located?
    The property is located at 7060 Poorhouse Rd La Plata, MD.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Expansive 17.5-acre property offering privacy and potential.; - Convenient access to the Potomac River via a 5-minute drive to a boat ramp.; - Existing well and approved perc site facilitates development.
    (301) 752-0028
    Request Owner's contact information
    7060 Poorhouse Rd La Plata, MD 20646
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7060 Poorhouse Rd
    La Plata, MD 20646
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7060 Poorhouse Rd La Plata, MD 20646
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sandra L Denny
    Real Estate License ID: 29235
    (301) 752-0028 (301) 870-8400 (301) 609-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!