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    Free-Standing Retail Office with Animal Care Buildout Title is generated by Realmo AI

    2242 OLD WASHINGTON RD, Waldorf, MD 20601

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    Vacant 1978 building with exam rooms, kennel areas, and 14 parking spaces for medical, service, or adaptive reuse.

    Type:Retail, Office
    Property size:
    4,372 SF
    Lot size:
    10.46 Acres
    Price / SF:
    $17/SF
    Added:
    May 31, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 4:43 am

    Property Features for 2242 OLD WASHINGTON RD

    General Information

    Standard status
    Active
    Size
    4,372 SF
    Lot size
    10.46 Acres
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Philip Kates

    Listing agent Philip Kates License #FL 3235872

    Listing office Marcus & Millichap - Fort Lauderdale

    Listing date May 31, 2026

    Source Crexi

    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 Marcus & Millichap - Fort Lauderdale

    HighLights

    • Vacant 1978 free‑standing retail/office building totaling about 4,372 SF on 0.46 acres (about 19,950 SF lot) at 2242 Old Washington Road, Waldorf, MD
    • Former veterinary clinic/boarding facility buildout with exam rooms, treatment and surgical areas, kennel/boarding rooms, and grooming/laundry support space
    • Includes offices, reception, and a fenced rear yard, supporting medical, service, or adaptive reuse concepts
    • Site features 14 parking spaces and partial fencing, providing on‑site customer/staff parking and rear‑area utility
    • Located on Old Washington Road with traffic counts of 7,872 vehicles/day and about 1 block east of Crain Highway with 88,583 vehicles/day
    • Zoned Community Commercial (CC) for retail, office, service, and community‑oriented uses

    Overview

    Marcus & Millichap presents a vacant, free-standing retail/office property featuring an animal care buildout that was previously used as a veterinary clinic and boarding facility. Originally constructed in 1978, the property includes a 4,372-square-foot building on a 0.46-acre site. Interior improvements are designed around animal care functions, with exam rooms, treatment and surgical areas, kennel/boarding rooms, and grooming/laundry support space, along with offices and reception. The site also includes a fenced rear area, and the rear portion is described as partially fenced, providing separation for controlled access.

    The property is positioned along Old Washington Road in Waldorf, Maryland, in Charles County. It sits one block east of Crain Highway, and the recorded traffic counts are 7,872 vehicles per day along Old Washington Road and 88,583 vehicles per day for Crain Highway. The site provides 14 parking spaces.

    Zoned Community Commercial (CC), the offering supports a range of retail, office, service, and community-oriented uses. The existing layout can serve an owner-user who wants an on-site veterinary or medical/services operation, or it may be adapted for other functional uses consistent with the CC zoning. The property is available via a registered bidding process on the RealINSIGHT Marketplace, with access to due diligence materials through registration.
    Location Intelligence

    Current Use by Public Records

    Waldorf Animal Clinic Veterinary Clinic Waldorf Animal Clinic: ... Veterinary Clinic Casem-Bennedic Angela DVM Veterinary Clinic Kilmavicz John DVM Veterinary Clinic Southern Kristal DVM Veterinary Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • LB Innovations Events — 2901 Festival Way, Waldorf, MD 20601
    • Sam's Club Floral — 2365 Robert S. Crain Hwy, Waldorf, MD 20601

    Location Insight

    • Map
    • Local Demand
    City
    Waldorf
    County
    Charles
    State
    Maryland
    Longitude
    -76.8835734
    Latitude
    38.648483

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    FAQs

    What type of property is this?
    Storefront property - Vacant 1978 building with exam rooms, kennel areas, and 14 parking spaces for medical, service, or adaptive reuse.
    Where is this storefront property located?
    The property is located at 2242 OLD WASHINGTON RD Waldorf, MD.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Vacant 1978 free‑standing retail/office building totaling about 4,372 SF on 0.46 acres (about 19,950 SF lot) at 2242 Old Washington Road, Waldorf, MD; Former veterinary clinic/boarding facility buildout with exam rooms, treatment and surgical areas, kennel/boarding rooms, and grooming/laundry support space; Includes offices, reception, and a fenced rear yard, supporting medical, service, or adaptive reuse concepts
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Philip Kates
    Real Estate License ID: FL 3235872
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    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.

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