Versatile Waldorf Property with
For Sale
$774,950
3130 LEONARDTOWN Rd, Waldorf, MD 20601
Prime location with ample space and parking in Waldorf.
Property Size3,500 SF
Price / SF$221.41
Days on Market120
Property Features for 3130 LEONARDTOWN Rd
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,159
Building Details
Year Built
1935
Units
1
Listing Agency:
Century 21 New Millennium
(301) 807-3185
Listed By:
Raymond W Curtis · License #504057
(301) 807-3185
Source:
Elliman
Added: Apr 24
Changed: Aug 11
Last Checked: Aug 20 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 New Millennium
Investment Insights
Based on property information with market context.
Located in the heart of downtown Waldorf, this property features excellent frontage on Leonardtown Road. The building offers over 3,500 square feet of above-ground space, complemented by a full basement with a fireplace and a walk-up, conditioned third-level attic. Constructed with hardwood flooring, the property includes a mini kitchen and 1.5 bathrooms. Additional features are fire escape stairs, oil heat, and central air conditioning. The roof, less than 15 years old, is equipped with durable 40-year architectural shingles. Situated on a large paved lot, the property provides ample parking. A detached 800 square foot garage with workshop space and a 400 square foot loft above adds flexibility. Currently occupied by an interior window treatment and blind company that is relocating out of state, this property presents an excellent opportunity for a variety of uses. A lighted sign with a timer will convey with the property.
Key Highlights
- Prime location on Leonardtown Road in downtown Waldorf with excellent frontage.
- Over 3,500 square feet of above‑ground space plus a full basement, conditioned third‑level attic, and detached garage with workshop and loft.
- Large paved lot providing ample parking.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,690
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$793,800
$793.8K
Cap Rate 7%
$567,000
$567.0K
Cap Rate 9%
$441,000
$441.0K
Market Conditions
NOI Build-Up for 3,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.0K $18.00/SF
− Vacancy
−$6.3K −$1.80/SF
EGI
$56.7K $16.20/SF
− OpEx
−$17.0K −$4.86/SF
NOI
$39.7K $11.34/SF
Area
Charles County, MD
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$793,800
Cap Rate 7%
$567,000
Cap Rate 9%
$441,000
Alternative Uses
Best Use
Retail
$567.0K
$496.1K – $661.5K
NOI $39,690 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$49.15M
$43.00M – $57.34M
NOI $3,440,184 @ 7.0% cap · market cap 443.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,024
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20601, MD
27,789
Population
10,560
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
47.8 sq mi
ZIP Area
581
Density / Sq Mi
$120,278
Median Household Income
$59,004
Median Earnings
$2,154
Median Rent
$380,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Prime location with ample space and parking in Waldorf.
Where is this storefront property located?
The property is located at 3130 LEONARDTOWN Rd Waldorf, MD.
What is the asking price?
The asking price for this property is $774,950.
What are key features of this property?
This property features: Prime location on Leonardtown Road in downtown Waldorf with excellent frontage.; Over 3,500 square feet of above‑ground space plus a full basement, conditioned third‑level attic, and detached garage with workshop and loft.; Large paved lot providing ample parking.
